N-Butanol Weekly Report 29 April 2017

Weekly Price Trend: 24-04-2017 to 28-04-2017

• 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 decreasedthis week in compares to previous week and at the end of this week prices were assessed at the level of Rs. 59/Kg at Kandla port.

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 decreased and were assessed at Rs. 59/Kg for Kandla port.
• This week international market prices have decreased as feedstock propylene prices also have plunged.
• Through the week oil prices have remained volatile. As per recent data in last 15 days oil prices sharply have stabbed rapidly, WTI from $53 a barrel down to $48 while Brent declined from $55 to $51. The falling oil means weakening economic demand, the reality is that oil is being driven by increased supply. On Thursday oil prices have plunged as the resume of two key Libyan oilfields and concerns about dreary gasoline demand fed concern over whether major oil producers can lessen the glut of global inventories.
• As per market analyst As gas prices drop, that creates an undertow for the entire crude oil market. The outlook for oil prices will remain unstable. Decline in crude prices and therefore petroleum product prices also means corresponding reduction in prices of some of the raw materials for the petrochemical industry. Hence, it can be a factor in improving the profitability of that industry.
• CFR China prices of propylene were evaluated at USD 815/mt.
• FOB Korea prices of propylene were evaluated at USD 790/mt.

 $1 = Rs. 64.24
 Import Custom Ex. Rate USD/ INR: 65.55
 Export Custom Ex. Rate USD/ INR: 63.85