N-Butanol Weekly Report 18 March 2017

Weekly Price Trend: 13-03-2017 to 17-03-2017

• 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. 65/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. 65/Kg for Kandla port.
• This week international market prices also have decreased by USD 20/mt.
• This week feedstock propylene prices have plunged due to this N-Butanol prices also have decreased.
• As per market players with the fluctuation in the oil prices feedstock prices have plunged.
• Presently market is moving with weak velocity on account of this no major deals and discussion has been heard.
• This week oil prices have followed mixed trend. On Thursday oil prices have plunged after a big increase as rising output from the U.S. remained a threat to efforts by other major producers to rebalance the market. Oil prices continued to find some support Wednesday prices showing the drop in U.S. crude supply in, as well as weaker dollar in the wake of the Federal Reserve’s less-hawkish-than-expected rate announcement.
• As per report, Global oil inventories rose for the first time in six months in January, despite the OPEC agreement. Iraq is planning to boost output later in the year even as the OPEC member reaffirmed its commitment to the group’s decision to cut production to counter a global glut.
• Some market players have said t hat in near term crude oil prices to trade positive on the back of surprise drawdown in U.S. crude inventories.
• On Thursday, closing crude values have decreased.WTI on NYME closed at $48.75/bbl, prices have decreased by $0.11/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $0.07/bbl in compared to last trading and was assessed around $51.74/bbl.
• CFR China prices of propylene were evaluated at USD 895/mt.
• FOB Korea prices of propylene were evaluated at USD 865/mt.

 $1 = Rs. 65.46
 Import Custom Ex. Rate USD/ INR: 66.20
 Export Custom Ex. Rate USD/ INR: 64.50