N-Butanol Weekly Report 15 July 2017

Weekly Price Trend: 10-07-2017 to 14-07-2017
 

• 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 increasedthis week in compares to previous week and at the end of this week prices were assessed at the level of Rs. 61/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 increased and were assessed at Rs. 61/Kg for Kandla port.
• This week international market prices have remained firm.
• This week with the increase in oil prices N-Butanol prices also have increased.
• Presently market is moving with uncertain velocity. As per some market players upcoming market outlook will be positive in terms of demand prospects.
• This week Crude oil prices have followed up inclination as Saudi Arabia is going to cut exports of crude oil to the United States, but this is going to be a short-term effect on the market as the United States becomes much more energy independent.
• On Thursday, closing crude values have increased.WTI on NYME closed at $46.08/bbl, prices have increased by $0.59/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.68/bbl in compared to last trading and was assessed around $48.42/bbl.
• As per market source, the oil market could stay oversupplied for longer than expected due to rising production and limited output cuts by some OPEC exporters. Rising consumption in Germany and the United States was helping boost oil demand. OPEC said its production rose by 393,000 barrels per day in June to 32.611 million bpd.
• CFR South East Asia prices of propylene were assessed at USD 775/mt.
• CFR China prices of propylene were evaluated at USD 860/mt.
• FOB Korea prices of propylene were evaluated at USD 845/mt.

 $1 = Rs. 64.45
 Import Custom Ex. Rate USD/ INR: 65.65
 Export Custom Ex. Rate USD/ INR: 63.95