N-Butanol Weekly Report 12 May 2018

Weekly Price Trend: 11-05-2018 to 11-05-2018

• 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. 78/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. 78/Kg for Kandla port.
• This week international market prices have increased.
• This week N-Butanol market has remained soft on bearish demand in domestic market. While oil prices have escalated.
• Oxea’s planned N-Butanol outage to start end of May.
• This week feedstock propylene prices have increased.
• Strong buying interest in refinery-grade and polymer-grade propylene are capturing the attention of the US market, as participants pivot to May contract discussions.
• South East Asia prices of feedstock propylene were assessed at USD 960/mt.
• CFR China prices of propylene were evaluated at USD 1095/mt.
• FOB Korea prices of propylene were evaluated at USD 1065/mt.
• This week with the little volatility oil prices have escalated sharply. On Thursday as traders adjusted to the prospects of renewed U.S. sanctions against major crude exporter Iran amid an already tightening market.
• On Thursday, closing crude values have decreased. WTI on NYME closed at $69.06/bbl; prices have decreased by $1.67/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $1.32/bbl in compared to last trading and was assessed around $74.85/bbl.
• The United States plans to impose new sanctions against Iran, which produces around 4 percent of global oil supplies, after dump an agreement reached in late 2015 which limited Tehran's nuclear ambitions in exchange for removing U.S.-Europe sanctions.
• As per analysts oil prices to rise to $80-$100 per barrel later this year, once U.S. sanctions start to bite and Iran's exports start sinking. Market players said that OPEC will step up output in order to counter the Iran disruption."The market is now focused on OPEC and other producers' ability to react to this potential supply disruption,"

 $1 = Rs. 67.33
 Import Custom Ex. Rate USD/ INR: 67.50
 Export Custom Ex. Rate USD/ INR: 65.80