N-Butanol Weekly Report 8 April 2017

Weekly Price Trend: 03-04-2017 to 07-04-2017

• 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 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.

Total import for last six months

Above graph represents the total import quantity of N-Butanol in previous six months. As per chart In total imports were around 25989mt.In last six months in the month of November, 2016 higher quantity has been imported while in October import 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. 59/Kg for Kandla port.
• This week international market prices have remained firm.
• This week feedstock propylene prices have decreased while N-Butanol prices have remained firm.
• Presently N-butanol prices have remained firm no major deals and discussion has been heard.
• This week mostly oil prices have followed up inclination. On Tuesday prices have declined tiny but again through the week prices have escalated. Oil prices have increased as bullish sentiment remained supportive. Oil prices have increased but market players remained vigilant about record-high U.S. crude inventories.
• On Friday U.S. crude futures jumped more than in Asia after President Trump ordered the first direct American military action against the regime of Syrian President Bashar al-Assad.
• Presently traders have been watching U.S. gasoline inventories as an indicator of what may happen with crude supplies.
• As per market analyst the dollar has come under some pressure of late and this pushes up oil as well as the U.S. dollar value of offshore earnings. Traders say oil is likely to remain in its recent wide range. OPEC Secretary said that that the oil market is already rebalancing and global oil inventories are starting to come down after three months of output cuts by OPEC and their 11-non-OPEC partners. While rising U.S. crude production has some OPEC members calling for an extension of the cuts through December.
• CFR China prices of propylene were evaluated at USD 845/mt.
• FOB Korea prices of propylene were evaluated at USD 820/mt.

 $1 = Rs. 64.28
 Import Custom Ex. Rate USD/ INR: 65.90
 Export Custom Ex. Rate USD/ INR: 64.20