MEG Weekly Report 18 Feb 2017
Weekly Price Trend: 13-02-2017 to 17-02-2017
- The above given graph focuses on the MEG price trend from 13th Feb to 17th Feb 2017.
- Prices increased significantly for this week. Prices were assessed around Rs.76/Kg for bulk quantity by end of the week..
Booking Scenario
The above chart shows the international prices of MEG and its comparison from the previous prices.
INDIA & INTERNATIONAL
- This week domestic prices increased significantly for bulk quantity. By end of the week MEG values were assessed at the level of Rs.76/Kg for bulk quantity.
- CFR India prices were assessed in the range of USD 885-905/MTS. Prices decreased by USD 35/MTS for this week.
- CFR SEA prices for MEG were assessed around USD 900/MT for this week. FOB Korea values for Ethylene were assessed around USD 1245/MTS while CFR China values were assessed around USD 1295/MTS.
- 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
