MEK Weekly Report 09 Sep 2017

Weekly Price Trend: 04-09-2017 to 08-09-2017

• The above graph shows the weekly price trend of MEK for the current week.
• As per the above graph, this week MEK prices have remained volatile in compare to previous week and at the end of the week MEK prices were assessed at the level of Rs. 89/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 89/kg.
• This week in international market, prices of MEK also have increased in compare to previous week.
• Presently MEK market is moving with up velocity demand sentiments have improved from end users.
• Refinery and plants have been shut on account of hurricane Harvey storm.
• This week oil prices have followed mixed trend. Oil futures eased on Thursday on a slightly bigger-than expected U.S. crude inventory build as the restart of U.S. refiners after Hurricane Harvey was being countered by the threat of Hurricane Irma.

  $1 = Rs. 63.78
 Import Custom Ex. Rate USD/ INR: 64.90
 Export Custom Ex. Rate USD/ INR: 63.25