N-Butanol Weekly Report 22 July 2017

Weekly Price Trend: 17-07-2017 to 21-07-2017
 

• 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 fluctuatedthis week in compares to previous week and at the end of this week prices were assessed at the level of Rs. 61/Kg at Kandla port.

Total import at various ports of India June, 2017

Above chart represent the total imported quantity of N-Butanol for the month of June 2017.
Previous month total imports were around 7962MT. As per chart last month at Kandla port imports were higher while at Nhava Sheva port imported quantity was lesser.

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. 61/Kg for Kandla port.
• This week international market prices have remained firm.
• This week domestic N-Butabol prices have increased with the increase in oil prices.
• China’s N-butanol producers hiked their offers.
• Presently market is moving with uncertain velocity. As per some market players upcoming market outlook will be positive in terms of demand prospects.
• This week oil prices have followed volatility in the market. Oil prices jumped more than 1 percent on Wednesday after a U.S. report showed a bigger weekly draw than forecast in crude and gasoline stocks along with a surprise drop in distillate inventories. On Thursday , oil settled lower in uneven trading.Closing crude values have decreased.WTI on NYME closed at $46.92/bbl, prices have decreased by $0.40/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $0.40/bbl in compared to last trading and was assessed around $49.30/bbl.
• Russia is ready to continue working with OPEC to help rebalance oil markets, Moscow welcomed a flexible approach by OPEC's leader Saudi Arabia to accommodate rising output from Nigeria and Libya, said by source.
• Market players predicted that prices would hold near current levels ahead of Monday's meeting between key OPEC and non-OPEC producers in St. Petersburg, Russia. The market has been watching reports that Saudi Arabia, the world's largest crude producer, is considering an additional supply cut to reduce the global glut.
• CFR South East Asia prices of propylene were assessed at USD 775/mt.
• CFR China prices of propylene were evaluated at USD 860/mt.
• FOB Korea prices of propylene were evaluated at USD 845/mt.

 $1 = Rs. 64.32
 Import Custom Ex. Rate USD/ INR: 65.65
 Export Custom Ex. Rate USD/ INR: 63.95