N-Butanol Weekly Report 14 Oct 2017
Weekly Price Trend: 09-10-2017 to 13-10-2017
- 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 decreasedthis week in compares to previous week and at the end of this week prices were assessed at the level of Rs. 59/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 decreased and were assessed at Rs. 59/Kg for Kandla port.
- This week international market prices have remained firm on account of firm demand sentiments.
- CFR South East Asia prices of propylene were assessed at USD 875/mt.
- CFR China prices of propylene were evaluated at USD 995/mt.
- FOB Korea prices of propylene were evaluated at USD 950/mt.
- This week oil prices have followed volatile inclination. on Thursday oil prices rebounded from earlier losses, but ended lower on the day, after the Energy Department reported a larger-than-expected decline in U.S. inventories and a falloff in weekly production.
- On Thursday, closing crude values have decreased.WTI on NYME closed at $50.60/bbl, prices have decreased by $0.70/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $0.69/bbl in compared to last trading and was assessed around $56.25/bbl.
- As per report, the global outlook for oil markets in 2018 could put a dampener on hopes for higher prices. Market players said that supply growth in the final three months of the year would be supportive for oil prices in the fourth quarter. Oil prices could climb close to $60 a barrel in the "very short run
$1 = Rs. 64.93
Import Custom Ex. Rate USD/ INR: 65.95
Export Custom Ex. Rate USD/ INR: 64.30
