MEK Weekly Report 06 May 2017

Weekly Price Trend: 01-05-2017 to 05-05-2017

• The above graph shows the weekly price trend of MEK for the current week.
• As per the above graph, this week MEK prices have fluctuarted in compare to previous week and at the end of the week MEK prices were assessed at the level of Rs. 92/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 92/kg.
• This week in international market, prices of MEK have remained firm in compare to previous week.
• As per market players recently demand sentiments for MEK has been sluggish no deals has been heard.
• Some market players have said that in China material is available in ample quantity while demand has been bearish.
• For MEK near term outlook remain uncertain all the players have adopted wait and watch stances.
• China Q2 gasoline exports to fall on higher domestic demand.

 $1 = Rs. 64.37
 Import Custom Ex. Rate USD/ INR: 65.10
 Export Custom Ex. Rate USD/ INR: 63.40