N-Butanol Weekly Report 26 Aug 2017

Weekly Price Trend: 21-08-2017 to 25-08-2017

• 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 remained firmthis week in compares to previous week and at the end of this week prices were assessed at the level of Rs. 61/Kg at Kandla port.

Total import at various ports of India July, 2017

Above chart represents the total imported quantity of N-Butanol for the month of July 2017. Last month total imports were around 5520mt. As per chart previous month at Kandla port imports were higher while at Hazira port imported quantity 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 remained firm and were assessed at Rs. 61/Kg for Kandla port.
• This week international market prices have remained firm.
• This week n-Butanol prices have remained firm with the weak demand sentiments from end users.
• Bharat Petroleum Corp. Ltd. is moving ahead with previously announced plans to build a petrochemical complex at the company’s Kochi, India, refining site. The complex, based on propylene, will produce acrylic acid, acrylates, and oxo alcohols. The total investment cost is about $700 million.
• The planned complex will have the capacity to produce 38,000 metric tons/year of n-butanol. Engineers India Ltd. (New Delhi) will build the plant and has been awarded an engineering, procurement, and construction management services contract.
• European oxo-alcohols in limbo, awaiting return of BASF and propylene developments.
• CFR South East Asia prices of propylene were assessed at USD 775/mt.
• CFR China prices of propylene were evaluated at USD 910/mt.
• FOB Korea prices of propylene were evaluated at USD 865/mt.

 $1 = Rs. 64.03
 Import Custom Ex. Rate USD/ INR: 65.15
 Export Custom Ex. Rate USD/ INR: 63.45