MEK Weekly Report 19 Aug 2017

Weekly Price Trend: 14-08-2017 to 18-08-2017
 

• The above graph shows the weekly price trend of MEK for the current week.
• As per the above graph, this week MEK prices have plunged in compare to previous week and at the end of the week MEK prices were assessed at the level of Rs. 84/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 84/kg.
• This week in international market, prices of MEK also have plunged in compare to previous week.
• Presently MEK market is moving with weak velocity no major deals and discussion has been heard.
• EU MEK imports and exports up in June.
• UK MEK buyers brace for hikes on Pernis force majeur.
• This week oil prices have varied and on Thursday oil prices rose as renewed attention were put on U.S. oil stockpile declines at Cushing, the delivery hub for U.S. crude futures.
• On Thursday, closing crude values have increased.WTI on NYME closed at $47.09/bbl, prices have increased by $0.31/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.76/bbl in compared to last trading and was assessed around $51.03/bbl.

  $1 = Rs. 64.14
 Import Custom Ex. Rate USD/ INR: 65.15
 Export Custom Ex. Rate USD/ INR: 63.45