N-Butanol Weekly Report 25 August 2018

Weekly Price Trend: 20-08-2018 to 24-08-2018

• 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. 95/Kg at Kandla port.

Total import at various ports of India July, 2018

Above graph represents the total imported Quantity of N-Butanol for the month of July, 2018. Last month total imports were around 3654MT. In the month of July at Nhava Sheva port imports were higher while at Bombay port lesser quantity has been imported.

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.95/Kg for Kandla port.
• This week International N-Butanol prices have increased.
• This week N-Butanol prices have increased with the increase in feedstock propylene prices and energy prices.
• As per market report, US August N-Butanol prices remained firm on firm feedstock propylene.
• CFR China prices of propylene were evaluated at USD 1145/mt.
• FOB Korea prices of propylene were evaluated at USD 1095/mt.
• South East Asia prices of propylene were evaluated at USD 1030mt.
• This week oil prices have followed volatile trend. On Thursday oil prices plunged as an swelling trade dispute between the United States and China balanced news of a decline in U.S. commercial crude inventories.
• On Thursday, closing crude values have decreased. WTI on NYME closed at $67.83/bbl. Prices have decreased by $0.03/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $0.05/bbl in compare to last closing price and was assessed around $74.73/bbl.
• Oil demand is closely linked to economic activity and the trade dispute has already led analysts to trim their forecasts for future energy consumption.But while the outlook for oil demand growth may be moderating, some markets are tight. As per report, this week's report was bullish for crude. Crude stocks drew due to sharply lower crude imports and near-record refinery crude runs.

 $1 = Rs. 69.91
 Import Custom Ex. Rate USD/ INR: 71.10
 Export Custom Ex. Rate USD/ INR: 69.40