C9 Weekly Report 16 Sep 2017

Weekly Price Trend: 11-09-2017 to 15-09-2017

• 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.54/Kg for bulk quantity by closing of market.

Booking Scenario

INDIA& INTERNATIONAL

• Domestic prices remained unchanged for this week. Prices were assessed at the level of Rs.54/Kg for bulk quantity.
• Prices in international market reduced slightly for this week. CIF India prices were assessed at the level of USD 750-770/MTS, reduced by USD30/MTS in compare to last week’s closing values.
• This week there has been significant hike in crude values. Prices has reached too its highest level since April in this year. Crude values rose above $ 50/barrel for the first time. Both the contracts have increased by more than 19% since /June.
• Many fundamental factors are helping to support oil prices at this moment.
• Short supply, stronger demand along with ongoing restrictions from OPEC and Russia are few major reasons for the surge in oil prices.

• This week has been highly positive for crude values in international market. On Thursday closing, crude values gained in the international market.WTI on NYME closed at $49.89/bbl, prices improved by 0.59 in compared to last closing prices. While, Brent on Inter Continental Exchange was assessed at the rate of $55.47/bbl increased by 0.31/bbl on Wednesday.

$1 = Rs. 64.07
Import Custom Ex. Rate USD/ INR: 64.90
Export Custom Ex. Rate USD/ INR: 63.25