MEK Weekly Report 16 Sep 2017

Weekly Price Trend: 11-09-2017 to 15-09-2017

• The above graph shows the weekly price trend of MEK for the current week.
• As per the above graph, this week MEK prices have increased in compare to previous week and at the end of the week MEK prices were assessed at the level of Rs. 96/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 96/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.
• Recently domestic MEK prices have increased as material is available in lesser quantity and after the impact of GST market demand has been improving.
• In US after the impact of tropical storm market player have started to settle down.
• U.S. Gulf oil refineries are slowly returning after storms. Persistent weakness in the U.S. dollar index, has prompted bullish sentiment in the oil market, players are anticipating that this could quicken the pace of oil market rebalancing.

  $1 = Rs. 64.07
 Import Custom Ex. Rate USD/ INR: 64.90
 Export Custom Ex. Rate USD/ INR: 63.25