MEK Weekly Report 20 May 2017

Weekly Price Trend: 15-05-2017 to 19-05-2017

• 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. 95/Kg for Kandla port.

Total import at various ports of India Apr, 2017

Above chart represent the imported quantity of MEK for the month of April, 2017. Last month total imported quantity was assessed 7573mt. As per chart at Kandla port higher quantity has been imported while at Hazira port imports were lesser.

Booking Scenario

INDIA & INTERNATIONAL

• For the current week, domestic prices of MEK have remained firm in compare to previous week and were assessed at the level of Rs 95/kg.
• This week in international market, prices of MEK have increased in compare to previous week.
• As per market players recently demand sentiments for MEK has been improving, while demand sentiments have been bearish.
• Some market players have said that recently material is also available in limited quantity, on account of this in domestic market prices is anticipated to go up.
• The US MEK market is anticipated to higher during Q2, due to ongoing supply tightness. 
• As per market report, due to shortage of supply CFR India prices of MEK have increased.
• This week overall crude oil prices have plunged with little volatility. Recent announcements by Russia and Saudi Arabia have helped oil prices to recover and several analysts have highlighted the energy sector as a potential play for investors.

 $1 = Rs. 64.64
 Import Custom Ex. Rate USD/ INR: 65.30
 Export Custom Ex. Rate USD/ INR: 63.60