N-Butanol Weekly Report 17 June 2017

Weekly Price Trend: 12-06-2017 to 16-06-2017
 

• 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 remained firmthis week in compares to previous week and at the end of this week prices were assessed at the level of Rs. 58/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. 58/Kg for Kandla port.
• This week international market prices also have remained firm.
• This week oil prices have followed fluctuating inclination, and on account of uncertain market outcomes N-Butanol prices have remained firm.
• As per report, the outlook for the energy market will remain bearish. OPEC’s agreement with non-OPEC members “remains brittle as none of those participating are happy about the arrangement. In the U.S., the trend of rising production remains strong while gasoline demand has been soft so oil production is expected to continue to rise steadily this summer. High exports and production from other countries, including Russia and the United States, are also contributing to the ongoing glut.
• On Thursday, closing crude values have decreased.WTI on NYME closed at $44.46/bbl, prices have decreased by $0.27/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $0.08/bbl in compared to last trading and was assessed around $46.92/bbl.
• This week feedstock propylene prices have remained firm.
• CFR South East Asia prices of propylene were assessed at USD 740/mt.
• CFR China prices of propylene were evaluated at USD 845/mt.
• FOB Korea prices of propylene were evaluated at USD 820/mt.

 $1 = Rs. 64.42s
 Import Custom Ex. Rate USD/ INR: 65.15
 Export Custom Ex. Rate USD/ INR: 63.50