MEK Weekly Report 01 July 2017

Weekly Price Trend: 26-06-2017 to 30-06-2017
 

• The above graph shows the weekly price trend of MEK for the current week.
• As per the above graph, this week MEK prices have increased in compare to previous week and at the end of the week MEK prices were assessed at the level of Rs. 101/Kg for Kandla port.

Booking Scenario

INDIA & INTERNATIONAL

• For the current week, domestic prices of MEK have increased in compare to previous week and were assessed at the level of Rs 101/kg.
• This week in international market, prices of MEK have remained firm in compare to previous week.
• As per market report, presently in domestic market material is available in good quantity while demand sentiments has been lower.
• This week MEK prices have remained firm in International market but in near term anticipated that prices will go down.
• Crude oil prices have followed positive inclination as the fall in U.S. production has bolstered markets this week.
• On Thursday, closing crude values have increased.WTI on NYME closed at $44.93/bbl, prices have increased by $0.19bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.11/bbl in compared to last trading and was assessed around $47.42/bbl.

  $1 = Rs. 64.58
 Import Custom Ex. Rate USD/ INR: 65.15
 Export Custom Ex. Rate USD/ INR: 63.50