N-Butanol Weekly Report 09 June 2018

Weekly Price Trend: 04-06-2018 to 08-06-2018

• The above given graph focuses on the N-Butanol price trend for the current week.
• If we take a quick look at the above given weekly prices then it can be observed that the prices of N-Butanol have remained firm this week in compares to previous week and at the end of this week prices were assessed at the level of Rs. 80/Kg at Kandla port.

Booking Scenario

The prices of N-Butanol are also affected by duties that are there for different countries. For example, there is 7.5% duty on South Africa and the Europe Zone. And there is 2.5% duty on Malaysia. These prices are for full duty (7.5%) for US, Europe region.

INDIA & INTERNATIONAL

• This week domestic prices of N-Butanol have remained firm and were assessed at Rs.80/Kg for Kandla port.
• South East Asia prices of feedstock propylene were assessed at USD 1015/mt.
• US July N-Butanol price-increased.
• CFR China prices of propylene were evaluated at USD 1110/mt.
• FOB Korea prices of propylene were evaluated at USD 1085/mt.
• This week oil prices have followed volatile trend. On Thursday oil prices surged due to concern about a steep drop in exports from Venezuela and concerns OPEC may not raise production at its meeting this month.
• On Thursday, closing crude values have increased. WTI on NYME closed at $65.95/bbl; prices have increased by $1.22/bbl in compared to last closing prices. While Brent on Inter
• Continental Exchange increased by $1.96/bbl in compare to last closing price and was assessed around $77.32/bbl.
• As per report, Crude prices got an early lift on concerns about exports from Venezuela. Gains grew while OPEC would focus on balancing the market rather than on rolling back production caps.

 $1 = Rs. 67.50
 Import Custom Ex. Rate USD/ INR: 67.85
 Export Custom Ex. Rate USD/ INR: 66.15