C9 Weekly Report 06 Jan 2018

Weekly Price Trend: 01-01-2018 to 05-01-2018

• The above given graph focuses on the C9 price trend for the current week.
• Domestic prices of C9 remained stable to firm for this week. Prices were assessed at the level of Rs.48/Kg for bulk quantity by closing of market.

Booking Scenario

INDIA& INTERNATIONAL

• Domestic prices remained stable for this week. Prices were assessed at the level of Rs.48/Kg for bulk quantity.
• Prices in international market increased significantly for this week. CIF India prices were assessed at the level of USD 750-770/MTS, increased by USD 30/MTS in compare to last week’s closing values.
• There has been significant upsurge in crude values in international market. Current values are all time high in last one year. The political tension in Iran has been augmenting the hike in crude values.
• This week oil prices have remained little volatile but overall closed on higher note. On Thursday U.S. crude oil prices rise to the highest level in 2½ years as markets tightening amid tensions in Iran and due to ongoing OPEC-led production cuts.
• On Thursday, closing crude values have increased. WTI on NYME closed at $62.01/bbl; prices have increased by $0.38/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.23/bbl in compared to last trading and was assessed around $68.07/bbl.
• As per market analyst, the market is getting more bullish on oil as inventory levels get closer to the five-year average. Geopolitical uncertainty in Iran, OPEC's third largest producer, is also helping to support the price as citizens are again protesting the government.

1$ = Rs. 63.37
Import Custom Ex. Rate USD/ INR: 64.50
Export Custom Ex. Rate USD/ INR: 62.80