N-Butanol Weekly Report 24 March 2018

Weekly Price Trend: 19-03-2018 to 23-03-2018

• 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. 73/Kg at Kandla port.

Total import at various ports of India February, 2018

Above graph represents the prices of N-Butanol for the month of February, 2018. Previous month total imported quantity was around 3379MT.

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. 73/Kg for Kandla port.
• This week international market prices have decreased on weak demand sentiments from end users.
• This week N-Butanol prices have remained soft-to-stable no major deals and discussion has been heard from end users.
• BASF to plans for maintenance on N-Butanol later in Q3.
• South East Asia prices of feedstock propylene were assessed at USD 960/mt.
• CFR China prices of propylene were evaluated at USD 1065/mt.
• FOB Korea prices of propylene were evaluated at USD 1010/mt.
• This week crude oil prices have followed little volatility while increased through the week. On Thursday oil prices fell as investors booked profits after this week's rally, but losses were limited by the continuing efforts of OPEC and its allies to curb supplies.
• On Thursday, closing crude values have decreased. WTI on NYME closed at $64.30/bbl; prices have decreased by $0.87/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $0.56/bbl in compared to last trading and was assessed around $68.91/bbl.

 $1 = Rs. 65.00
 Import Custom Ex. Rate USD/ INR: 65.80
 Export Custom Ex. Rate USD/ INR: 64.4015