MEK Weekly Report 10 March 2018

Weekly Price Trend: 05-03-2018 to 09-03-2018

• 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. 108/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 108/kg.
• This week in international market, prices of MEK have plungerd in compare to previous week.
• This week MEK market has remained bearish no major deals and discussion has been heard.
• This week oil prices have remained volatile. On Thursday oil prices fell headed for a second straight weekly drop on a stronger dollar, signs of an inventory build at the U.S. storage hub in Cushing, Oklahoma, surging U.S. crude production and investor jitters about a potential trade war.
• On Thursday, closing crude values have decreased. WTI on NYME closed at $60.12/bbl; prices have decreased by $1.03/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $0.73/bbl in compared to last trading and was assessed around $63.61/bbl.

  $1 = Rs. 65.16
 Import Custom Ex. Rate USD/ INR: 66.10
 Export Custom Ex. Rate USD/ INR: 64.40