N-Butanol Weekly Report 24 June 2017

Weekly Price Trend: 19-06-2017 to 23-06-2017
 

• 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 plungedthis week in compares to previous week and at the end of this week prices were assessed at the level of Rs. 58/Kg at Kandla port.

Total import at various ports of India May, 2017

The above chart depicts the total imported quantity of N-Butanol for the month of May, 2017. In the month of May total imported quantity of N-Butanoll was around 4820MT. As per chart last month at Kandla port imports were higher, while at Hazira port imports were lower.

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 plunged and were assessed at Rs. 58/Kg for Kandla port.
• This week international market prices also have plunged.
• This week feedstock propylene prices have remained volatile.
• This week with the plunge in oil prices N-Butanol prices also have plunged.
• This week from end users no major deals and discussion has been heard.
• This week oil prices have followed mixed trend. The oil market posted its worst performance in the first six months in two decades effectively signaling its refusal to accept the effectiveness of the OPEC statement and its desire for further production cuts.
• As per report, OPEC and Russia tried to stabilize prices with cuts at around $50-$60 per barrel, but this week Brent prices fell toward $44 per barrel on persistent oversupply worries.
• On Thursday Crude oil rose moderately following a Wednesday in which the commodity bottomed just above $42 per barrel.
• On Thursday, closing crude values have increased.WTI on NYME closed at $42.74/bbl, prices have increased by $0.21/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.40/bbl in compared to last trading and was assessed around $45.22/bbl.
• OPEC ministers and officials have said the cartel would not rush to deepen production cuts from the current four percent to arrest the price decline. They said the group would rather wait until existing joint cuts with non-OPEC Russia finally result in a global stocks decline during the third quarter when demand for crude oil is usually strong.
• OPEC and Russian sources also told that there were few signs the group is preparing any extraordinary action ahead of a joint ministerial monitoring committee meeting in Russia at the end of July.
• CFR South East Asia prices of propylene were assessed at USD 745/mt.
• CFR China prices of propylene were evaluated at USD 845/mt.
• FOB Korea prices of propylene were evaluated at USD 820/mt.

 $1 = Rs. 64.52
 Import Custom Ex. Rate USD/ INR: 65.15
 Export Custom Ex. Rate USD/ INR: 63.50