MEK Weekly Report 08 July 2017

Weekly Price Trend: 03-07-2017 to 07-07-2017
 

• The above graph shows the weekly price trend of MEK for the current week.
• As per the above graph, this week MEK prices have decreased in compare to previous week and at the end of the week MEK prices were assessed at the level of Rs. 100/Kg for Kandla port.

Booking Scenario

INDIA & INTERNATIONAL

• For the current week, domestic prices of MEK have decreased in compare to previous week and were assessed at the level of Rs 100/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.
• MEK demand from end users has been bearish, market players are looking for upcoming market outlook.
• This week oil prices have followed volatile inclination. On Thursday oil prices closed on slightly up note after a sharp but short-lived boost from a much bigger-than-expected decline in U.S. inventories of crude oil and gasoline.

  $1 = Rs. 64.59
 Import Custom Ex. Rate USD/ INR: 65.65
 Export Custom Ex. Rate USD/ INR: 63.95