MEK Weekly Report 17 March 2018

Weekly Price Trend: 12-03-2018 to 16-03-2018

• The above graph shows the weekly price trend of MEK for the current week.
• As per the above graph, this week MEK prices have increased in compare to previous week and at the end of the week MEK prices were assessed at the level of Rs. 107/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 107/kg.
• This week in international market, prices of MEK have remained firm in compare to previous week.
• Presently MEK market is moving with soft-to-stable velocity no major deals and discussion has been heard.
• JXTG to shut its MEK plant for maintenance. Plant is located at Kawasaki, Japan.
• This week oil prices have followed volatile inclination.Oil prices edged higher in choppy trade on Thursday, supported by a pickup in equity markets but pressured by expectations that crude supply will exceed demand later this year.
• On Thursday, closing crude values have increased. WTI on NYME closed at $61.19/bbl; prices have increased by $0.23/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.23/bbl in compared to last trading and was assessed around $65.12/bbl.

  $1 = Rs. 64.93
 Import Custom Ex. Rate USD/ INR: 65.80
 Export Custom Ex. Rate USD/ INR: 64.15