MEK Weekly Report 15 July 2017

Weekly Price Trend: 10-07-2017 to 14-07-2017
 

• 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. 92/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 92/kg.
• This week in international market, prices of MEK have plunged 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.
• In domestic market MEK market is moving with soft-to-firm velocity no major deals and discussion has been heard.
• This week Crude oil prices have followed up inclination as Saudi Arabia is going to cut exports of crude oil to the United States, but this is going to be a short-term effect on the market as the United States becomes much more energy independent.

  $1 = Rs. 64.45
 Import Custom Ex. Rate USD/ INR: 65.65
 Export Custom Ex. Rate USD/ INR: 63.95