N-Butanol Weekly Report 23 Sep 2017

Weekly Price Trend: 18-09-2017 to 22-09-2017

• 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. 67/Kg at Kandla port.

Total import at various ports of India August, 2017

Above chart represents the total imported quantity of N-Butanol for the month of August, 2017.
Last month total imports were around 6528mt. As per chart at Kandla port imports were higher while at Nhava Sheva 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 decreased and were assessed at Rs. 67/Kg for Kandla port.
• This week international market prices have remained firm on account of weak demand sentiments.
• This week N-Butanol prices have remained firm while oil prices have fluctuated.
• US Q4 N-Butanol contract negotiations fully underway.
• CFR South East Asia prices of propylene were assessed at USD 875/mt.
• CFR China prices of propylene were evaluated at USD 995/mt.
• FOB Korea prices of propylene were evaluated at USD 950/mt.
• This week oil prices have followed mixed trend. Oil prices were steady on Thursday ahead of a meeting of oil producers that could extend production limits aimed at clearing a glut that has depressed the market for more than three years. As per report, Ministers from the OPEC, Russia and other producers meet in Vienna on Friday and are due to consider extending output cuts that began in January.

 $1 = Rs. 64.79
 Import Custom Ex. Rate USD/ INR: 65.40
 Export Custom Ex. Rate USD/ INR: 63.70