N-Butanol Weekly Report 24 Feb 2018

Weekly Price Trend: 19-02-2018 to 23-02-2018

• 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. 70/Kg at Kandla port.

Total import at various ports of India January, 2018

Above graph represents the total imported quantity of N-Butanol for the month of January 2018. As per graph previous month total imports was around5514MT. At Kandla port imports were higher while at Bombay port imports were 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. 71/Kg for Kandla port.
• This week international market prices also have increased on improved demand sentiments from end users.
• February N-Butanol prices in US have increased on feedstock supply pressure.
• South East Asia prices of propylene were assessed at USD 1005/mt.
• CFR China prices of propylene were evaluated at USD 1110/mt.
• FOB Korea prices of propylene were evaluated at USD 1055/mt.
• This week oil prices have followed mixed trend. Oil prices rose on Thursday, on U.S. crude stocks unexpectedly declined and also by a drop in the dollar.
• On Thursday, closing crude values have increased. WTI on NYME closed at $62.77/bbl; prices have increased by $1.09/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.97/bbl in compared to last trading and was assessed around $66.39/bbl.
• Crude inventories had been forecast to rise 1.8 million barrels, as stocks seasonally increase when refineries cut intake to conduct maintenance. As per source, the unexpected fall in oil inventories in the U.S. should see support for crude oil prices remain strong.

 $1 = Rs. 64.73
 Import Custom Ex. Rate USD/ INR: 64.50
 Export Custom Ex. Rate USD/ INR: 62.85