C9 Weekly Report 18 Feb 2017

Weekly Price Trend: 13-02-2017 to 17-02-2017

• The above given graph focuses on the C9 price trend for the current week.
• Domestic prices of C9 remained stable for this week. Prices were assessed at the level of Rs53/Kg on closing of market.

Booking Scenario

INDIA& INTERNATIONAL

• Domestic prices remained stable and were assessed at the level of Rs.53/Kg for bulk quantity.
• This week C9 prices declined and were reduced by USD 15/MTS for this week. CIF India prices were assessed at the level of USD 750-770/MTS, with an decrease of USD 15/MT in compare to last week’s closing values.
• Crude prices continue to oscillate in a shifting range as traders considered the conflicting influence of weakening of US dollar. There has been constant high supply in last few weeks along with rising levels in the US crude inventory levels.
• On Thursday closing, there has been rise in crude values.WTI values increased by USD 0.25/bbl and was assessed around $53.36. On other side there was slight decline in Brent values was observed. Brent crude prices reduced by $0.10/bbl and were assessed around $55.65/bbl.

$1 = Rs. 67.00
Import Custom Ex. Rate USD/ INR: 67.85
Export Custom Ex. Rate USD/ INR: 66.15