C9 Weekly Report 16 june 2018

Weekly Price Trend: 11-06-2018 to 15-06-2018

• The above given graph focuses on the C9 price trend for the current week.
• Domestic prices of C9 remained firm for this week. Prices were assessed at the level of Rs.58.5/Kg for bulk quantity by closing of market.

Booking Scenario

INDIA& INTERNATIONALs

• Domestic prices remained firm for this week. Prices were assessed at the level of Rs.58.5/Kg for bulk quantity.
• Prices in international market improved for this week. CIF India prices were assessed at the level of USD 840-860/MTS reduced by USD 20/MT in this week.
• This week oil prices have followed volatile trend. On Thursday oil prices surged due to concern about a steep drop in exports from Venezuela and concerns OPEC may not raise production at its meeting this month.
• This week market remained dull passive on back of Ramadan and continuous 4 day holidays in this weekend.
• This week crude oil prices have followed mixed trend. On Thursday oil prices were lower, facing pressure from evidence of rising U.S. output and uncertainty over the outlook for supply.
• On Friday, closing crude values have remained mixed. WTI on NYME closed at $66.89/bbl; prices have increased by $0.25/bbl in compared to last closing prices. While Brent on Inter
• Continental Exchange increased by $0.86/bbl in compare to last closing price and was assessed around $76.74/bbl.
• On Friday oil prices were little changed in early Asian trade, as investors eyed a key OPEC meeting in Vienna and Saudi Arabia and Russia.As per report, OPEC and Russia are expected to gradually increase production, but opinions about easing output caps are fragmented within OPEC ahead of its meeting next week. U.S. crude output hits record 10.9 million barrels per day, as per report.

1$ = Rs. 68.01
Import Custom Ex. Rate USD/ INR: 67.85
Export Custom Ex. Rate USD/ INR: 66.15