MEK Weekly Report 02 Sep 2017

Weekly Price Trend: 28-08-2017 to 01-09-2017

• The above graph shows the weekly price trend of MEK for the current week.
• As per the above graph, this week MEK prices have plunged in compare to previous week and at the end of the week MEK prices were assessed at the level of Rs. 83/Kg for Kandla port.

Booking Scenario

INDIA & INTERNATIONAL

• For the current week, domestic prices of MEK have plunged in compare to previous week and were assessed at the level of Rs 83/kg.
• This week in international market, prices of MEK also have remained stable in compare to previous week.
• Presently MEK market is moving with stable-toweak velocity no major deals and discussion has been heard.
• Heavy rains and floods has led to shutdown of major refineries in US gulf coast. Housston is regarded as hub for refineries and petrochemical plants.
• Several more companies have shut down plants as precautionary measures to Harvey impacts or have had production issues as a result of severe weather and flooding:

  $1 = Rs. 64.02
 Import Custom Ex. Rate USD/ INR: 65.15
 Export Custom Ex. Rate USD/ INR: 63.45