MEK Weekly Report 18 March 2017

Weekly Price Trend: 13-03-2017 to 17-03-2017

• The above graph shows the weekly price trend of MEK for the current week.
• As per the above graph, this week MEK prices have remained firm in compare to previous week and at the end of the week MEK prices were assessed at the level of Rs. 117/Kg for Kandla port.

Booking Scenario

INDIA & INTERNATIONAL

• For the current week, domestic prices of MEK have plunged in compare to previous week and were assessed at the level of Rs 117/kg.
• This week in international market, prices of MEK have increased in compare to previous week.
• Presently domestic MEK market is moving with scrawny haste no major deals and discussion has been heard.
• This week oil prices have followed mixed trend. On Thursday oil prices have plunged after a big increase as rising output from the U.S. remained a threat to efforts by other major producers to rebalance the market. Oil prices continued to find some support Wednesday prices showing the drop in U.S. crude supply in, as well as weaker dollar in the wake of the Federal Reserve’s less-hawkish-than-expected rate announcement.

 $1 = Rs. 65.46
 Import Custom Ex. Rate USD/ INR: 66.20
 Export Custom Ex. Rate USD/ INR: 64.50