MEK Weekly Report 16 june 2018

Weekly Price Trend: 11-06-2018 to 15-06-2018

• 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. 103/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 103/kg.
• This week in international market, prices of MEK have decreased in compare to previous week.
• This week MEK prices have plunged with weak buying sentiments.
• Market players have said that MEK demand is anticipated to remain stable in near term, with an increase likely from the spring coatings season, when the warmer weather of spring leads to increased home-buying, new home construction and home remodel and repair projects.
• This week crude oil prices have followed mixed trend. On Thursday oil prices were lower, facing pressure from evidence of rising U.S. output and uncertainty over the outlook for supply.
• On Thursday, closing crude values have remained mixed. WTI on NYME closed at $66.89/bbl; prices have increased by $0.25/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.86/bbl in compare to last closing price and was assessed around $76.74/bbl.

  $1 = Rs. 68.01
 Import Custom Ex. Rate USD/ INR: 67.85
 Export Custom Ex. Rate USD/ INR: 66.15