N-Butanol Weekly Report 17 March 2018

Weekly Price Trend: 12-03-2018 to 16-03-2018

• 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 fluctuated litttle this week in compares to previous week and at the end of this week prices were assessed at the level of Rs. 73/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 fluctuated little and were assessed at Rs. 73/Kg for Kandla port.
• This week international market prices have decreased on weak demand sentiments from end users.
• Presently N-Butanol market have remained soft no major discussion has been heard.
• South East Asia prices of feedstock propylene were assessed at USD 975/mt.
• CFR China prices of propylene were evaluated at USD 1065/mt.
• FOB Korea prices of propylene were evaluated at USD 1015/mt.
• This week oil prices have followed volatile inclination.Oil prices edged higher in choppy trade on Thursday, supported by a pickup in equity markets but pressured by expectations that crude supply will exceed demand later this year.
• On Thursday, closing crude values have increased. WTI on NYME closed at $61.19/bbl; prices have increased by $0.23/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.23/bbl in compared to last trading and was assessed around $65.12/bbl.

 $1 = Rs. 64.93
 Import Custom Ex. Rate USD/ INR: 65.80
 Export Custom Ex. Rate USD/ INR: 64.15