MEK Weekly Report 13 May 2017

Weekly Price Trend: 08-05-2017 to 12-05-2017

• The above graph shows the weekly price trend of MEK for the current week.
• As per the above graph, this week MEK prices have increased in compare to previous week and at the end of the week MEK prices were assessed at the level of Rs. 95/Kg for Kandla port.

Booking Scenario

INDIA & INTERNATIONAL

• For the current week, domestic prices of MEK have increased in compare to previous week and were assessed at the level of Rs 95/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 recently material is also available in limited quantity, on account of this in domestic market prices is anticipated to go up tiny.
• Some market players have said that in China material is available in ample quantity while demand has been bearish.
• China’s Isu Chem-Shandong Dongming on track for MEK unit maintenance turnaround.
• The majority of sources expect the European MEK market to be stable in Q2.
• The recent rise in feedstock crude and naphtha prices has boosted Asian MEK prices little bit.
• The US MEK market is anticipated to higher during Q2, due to ongoing supply tightness. 

 $1 = Rs. 64.30
 Import Custom Ex. Rate USD/ INR: 65.10
 Export Custom Ex. Rate USD/ INR: 63.40