N-Butanol Weekly Report 20 Jan 2018

Weekly Price Trend: 15-01-2018 to 19-01-2018

• 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 increased this week in compares to previous week and at the end of this week prices were assessed at the level of Rs. 68/Kg at Kandla port.

Total import at various ports of India December, 2017

Above graph represents the imported quantity of N-Butanol for the month of December, 2017. Last month total imported quantity was around 4846MT.

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. 68/Kg for Kandla port.
• This week international market prices have plunged on weak demand.
• Oil prices have followed volatile trend this week. On Thursday Oil rebounded after slipping below $69 a barrel, supported by a record drawdown of U.S. crude stockpiles at the Cushing, Oklahoma delivery hub, despite concerns that OPEC-led output cuts will increase supply from the United States.
• On Thursday, closing crude values have decreased. WTI on NYME closed at $63.95/bbl; prices have decreased by $0.02/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 $69.31/bbl.
• As per report, the upside is now limited for oil prices. U.S. oil producers will ramp up production in the coming months. Some traders said that prices were unlikely to fall far due to the OPEC-led curbs and the risk of further disruptions.
• South East Asia prices of propylene were assessed at USD 915/mt.
• CFR China prices of propylene were evaluated at USD 1060/mt.
• FOB Korea prices of propylene were evaluated at USD 990/mt.

 $1 = Rs. 63.85
 Import Custom Ex. Rate USD/ INR: 64.80
 Export Custom Ex. Rate USD/ INR: 63.10