N-Butanol Weekly Report 23 June 2018

Weekly Price Trend: 18-06-2018 to 22-06-2018

• 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 remained firm this week in compares to previous week and at the end of this week prices were assessed at the level of Rs. 79/Kg at Kandla port.

Total import at various ports of India May, 2018

Above graph represent the total imported quantity of N-Butanol for the month of May, 2018.
Last month total import was around 10638MT. As per chart last month at Kandla port imports was higher while at Hazira port import 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 remained firm and were assessed at Rs.79/Kg for Kandla port.
• This week International N-Butanol prices have remained firm on sluggish demand trend.
• US July N-Butanol increase initiatives surface as June talks continue.
• South East Asia prices of feedstock propylene were assessed at USD 1010/mt.
• CFR China prices of propylene were evaluated at USD 1100/mt.
• FOB Korea prices of propylene were evaluated at USD 1075/mt.
• This week crude oil prices have followed volatile trend. on Thursday Global benchmark Brent crude extended losses ahead of Friday's meeting of the OPEC, where producers are expected to boost output.
• On Thursday, closing crude values have plunged. WTI on NYME closed at $65.54/bbl; prices have decreased by $0.17/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $1.69/bbl in compare to last closing price and was assessed around $73.05/bbl.
• Today  oil prices rose by more than 1 percent in early Asian trading, pushed up by uncertainty over whether OPEC would manage to agree a production increase at a meeting in Vienna later in the day.

 $1 = Rs. 67.84
 Import Custom Ex. Rate USD/ INR: 69.10
 Export Custom Ex. Rate USD/ INR: 67.40