N-Butanol Weekly Report 29 July 2017

Weekly Price Trend: 24-07-2017 to 28-07-2017

• 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. 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 remained firm and were assessed at Rs. 59/Kg for Kandla port.
• This week international market prices have remained firm.
• This week N-Butanol market has remained firm while oil prices have increased.
• As per source, on account of heavy monsoon condition in domestic market stipulation have been bearish.
• This week oil prices have followed up trend. On Thursday oil prices have boosted 8 weeks high on a hope that a steeper-than-expected decline in U.S. crude oil inventories will reduce global oversupply.
• On Thursday, closing crude values have increased.WTI on NYME closed at $49.04/bbl, prices have increased by $0.29/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.52/bbl in compared to last trading and was assessed around $51.49/bbl.As per report, U.S. crude stocks fell sharply last week as refineries increased output and imports declined, while gasoline stocks decreased and distillate inventories fell.
• Some players said that expectations that the long-oversupplied market is moving towards balance were also supported news that Saudi Arabia plans to limit crude exports to 6.6 million barrels per day (bpd) in August, about 1 million bpd below the level last year. Some producers announced plans to cut spending this year as a result of low oil prices
• But analysts say oil prices may have little room to head higher as recent gains could encourage more output, particularly from U.S. shale producers with low costs.The market will likely be paying even more attention to drilling activity in the U.S. in the coming weeks.
• CFR South East Asia prices of propylene were assessed at USD 770/mt.
• CFR China prices of propylene were evaluated at USD 885/mt.
• FOB Korea prices of propylene were evaluated at USD 865/mt.

 $1 = Rs. 64.16
 Import Custom Ex. Rate USD/ INR: 65.20
 Export Custom Ex. Rate USD/ INR: 63.50