MEG Weekly Report 11 Nov 2017
Weekly Price Trend: 06-11-2017 to 10-11-2017
- The above given graph focuses on the MEG price trend from 6th Nov to 10th Nov 2017.
- Prices remained unchanged for this week. Domestic prices were assessed at the level of Rs.66/Kg with no changes in compare to last week’s closing values.
Total import at various ports in the month of September 2017
The above chart depicts the import of MEG at various ports of India in the month of September 2017.
Booking Scenario
The above chart shows the international prices of MEG and its comparison from the previous prices.
INDIA & INTERNATIONAL
- This week domestic prices remained unchanged with no change in values. Prices were assessed at the level of Rs.66/Kg for bulk quantity.
- CFR China values were assessed around USD 900-920/MT, increased by USD 10/MTS in compare to last week’s assessed values.
- CFR China Ethylene values were assessed around USD 1295/MT while FOB Korea values were assessed around USD 1240/MT.
- CFR China Propylene values were assessed around USD 930/MT while FOB Korea values were assessed around USD 875/MT.
- Last week, on Thursday, closing crude values have increased. WTI on NYME closed at $57.17/bbl; prices have increased by $0.36/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.44/bbl in compared to last trading and was assessed around $63.93/bbl.
- Market trends remained stable to positive for this week. Market will see an upsurge in next few weeks as political tension in Saudi Arabia has been disturbing the petrochemical market all over the world.
$1 = Rs. 67.63
Import Custom Ex. Rate USD/ INR: 65.40
Export Custom Ex. Rate USD/ INR: 64.70
