C9 Weekly Report 17 Feb 2018

Weekly Price Trend: 12-02-2018 to 16-02-2018

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

Booking Scenario

INDIA& INTERNATIONAL

• Domestic prices remained firm for this week. Prices were assessed at the level of Rs.51/Kg for bulk quantity.
• Prices in international market remained firm for this week. CIF India prices were assessed at the level of USD 780-800/MTS, with no change in compare to last week’s closing values.
• China market remained closed due to Lunar holidays. The activities will resume only after 21st Feb 2018.
• This week oil prices have followed volatile trend. Oil prices extended gains on Thursday as a weak dollar and supportive comments from Saudi Arabia outweighed record U.S. production and rising inventories.
• On Thursday, closing crude values have remained mixed. WTI on NYME closed at $61.34/bbl; prices have increased by $0.74/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.03/bbl in compared to last trading and was assessed around $64.33/bbl.
• On Friday Oil prices edged higher as the dollar stood near a three-year low in subdued Asian trade, with many markets closed for the Lunar New Year holiday.
• As per market players, Oil is getting support from a rebound in global stock markets and a weak dollar, but the upside is limited due to a projection for rising U.S. production.

1$ = Rs. 64.21
Import Custom Ex. Rate USD/ INR: 64.50
Export Custom Ex. Rate USD/ INR: 62.85