N-Butanol Weekly Report 16 Sep 2017

Weekly Price Trend: 04-09-2017 to 08-09-2017

• 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. 70/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. 70/Kg for Kandla port.
• This week international market prices have increased on account of improved demand sentiments.
• Presently N-Butanol market has improved on account of shortage of material and increase in feedstock prices.
• This week N-Butanol prices have increased on increase in crude oil and feedstock prices.
• CFR South East Asia prices of propylene were assessed at USD 875/mt.
• CFR China prices of propylene were evaluated at USD 1005/mt.
• FOB Korea prices of propylene were evaluated at USD 945/mt.
• This week has been highly positive for crude values in international market. On Thursday closing, crude values gained in the international market.WTI on NYME closed at $49.89/bbl, prices improved by 0.59 in compared to last closing prices.While, Brent on Inter Continental Exchange was assessed at the rate of $55.47/bbl increased by 0.31/bbl on Wednesday.
• Market analyst said that demand for crude is better than expected and the persistently oversupplied market is finally tightening. Traders will be looking for signs that brimming stockpiles of oil around the world continue to fall towards the five-year average. U.S. Gulf oil refineries are slowly returning after storms. persistent weakness in the U.S. dollar index, has prompted bullish sentiment in the oil market, players are anticipating that this could quicken the pace of oil market rebalancing.

 $1 = Rs. 64.07
 Import Custom Ex. Rate USD/ INR: 64.90
 Export Custom Ex. Rate USD/ INR: 63.25