N-Butanol Weekly Report 23 Dec 2017

Weekly Price Trend: 18-12-2017 to 22-12-2017

• 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 increased this week in compares to previous week and at the end of this week prices were assessed at the level of Rs. 66/Kg at Kandla port.

Total import at various ports of India November, 2017

Above chart shows the total imported quantity of N-Butanol for the month of November 2017. Previous month total imported quantity was 5496MT. 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. 66/Kg for Kandla port.
• This week international market prices have increased on account of improved demand sentiments.
• As per report, US December N-Butanol contract prices settled flat on seasonally subdued demand on festive holiday.
• BASF has brief compressor shutdown at US Freeport N-Butanol unit.
• This week oil prices have followed mixed trend and closed on higher note. On Thursday, Oil prices higher, erasing earlier losses as Britain's Forties pipeline in the North Sea was expected to restart in early January after repairs over Christmas. Forties is the largest of the five North Sea crudes that underpin Brent, a benchmark for oil trading in Europe, the Middle East, Africa and Asia.
• On Thursday, closing crude values have increased. WTI on NYME closed at $58.36/bbl; prices have increased by $0.27/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.34/bbl in compared to last trading and was assessed around $64.90/bbl.
• As per market report, based on current estimates the company expects to bring the pipeline progressively back to normal rates early in the new year. Oil prices were also supported by falling crude inventories in the United States but capped by output that is fast approaching 10 million barrels per day.
• As me market predictors said that the first few months of 2018 to be either flat or a build in inventories, as it is typically the case with the seasonality in the oil market.
• South East Asia prices of propylene were assessed at USD 830/mt.
• CFR China prices of propylene were evaluated at USD 990/mt.
• FOB Korea prices of propylene were evaluated at USD 935/mt.

 $1 = Rs. 64.04
 Import Custom Ex. Rate USD/ INR: 64.90
 Export Custom Ex. Rate USD/ INR: 63.20