N-Butanol Weekly Report 10 March 2018

Weekly Price Trend: 05-03-2018 to 09-03-2018

• 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. 73/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. 73/Kg for Kandla port.
• This week international market prices have decreased on weak demand sentiments from end users.
• The European N-Butanol markets are moving in different directions for the month of March.
• BASF's US Freeport N-Butanol unit briefly offline.
• South East Asia prices of feedstockpropylene were assessed at USD 995/mt.
• CFR China prices of propylene were evaluated at USD 1095/mt.
• FOB Korea prices of propylene were evaluated at USD 1040/mt.
• On Thursday, closing crude values have decreased. WTI on NYME closed at $60.12/bbl; prices have decreased by $1.03/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $0.73/bbl in compared to last trading and was assessed around $63.61/bbl.
• On Friday, crude oil futures rose as Asian stock markets gained on North Korean leader Kim Jong Un will meet with U.S. President Donald Trump.
• As per report, U.S. crude output is expected to surge beyond 11 million bpd by late 2018, limiting the effectiveness of output cuts by the Organization of the Petroleum Exporting Countries, Russia and other producers.

 $1 = Rs. 65.16
 Import Custom Ex. Rate USD/ INR: 66.10
 Export Custom Ex. Rate USD/ INR: 64.40