MEK Weekly Report 07 Oct 2017

Weekly Price Trend: 02-10-2017 to 06-10-2017

• The above graph shows the weekly price trend of MEK for the current week.
• As per the above graph, this week MEK prices have remained volatile in compare to previous week and at the end of the week MEK prices were assessed at the level of Rs. 96/Kg for Kandla port.

Booking Scenario

INDIA & INTERNATIONAL

• For the current week, domestic prices of MEK have remained volatile in compare to previous week and were assessed at the level of Rs 96/kg.
• This week in international market, prices of MEK have remained firm in compare to previous week.
• Presently MEK market is moving with volatile velocity demand sentiments have been fluctuating from end users.
• This week in china, trading activity have remained firm on account of golden week holiday.
• Next week market will open then trading activity will take place.
• This week oil prices have followed volatile trend. On Wednesday after slipping a bit oil prices rose on thurdsay on expectations that Saudi Arabia and Russia would extend production cuts, although record U.S. exports and the return of supply from a Libyan oilfield dragged on the market.

  $1 = Rs. 65.38
 Import Custom Ex. Rate USD/ INR: 65.95
 Export Custom Ex. Rate USD/ INR: 64.30