MEK Weekly Report 21 Jan 2017

Weekly Price Trend: 16-01-2017 to 20-01-2017

• 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. 81/Kg for Kandla port.

Total import at various ports of India December, 2016

Above graph represents the total imported quantity of MEK at various ports of India for the month of December, 2016. Previous month total imports were around 3514mt. At Kandla port higher quantity has been imported.

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 81/kg.
• This week in international market, prices of MEK have remained firm in compare to previous week.
• Now a days market player have been uncertain about upcoming market outlook due to this they have adopted wait and watch stances.
• Oil prices remained mixed this week. The week had opened with firm knot but in the mid prices have plunged and then climbed on Thursday by expectations of tighter supply and on reports of record Chinese demand, but prices remained under pressure from rising US crude and gasoline inventories.
• US crude inventories rose unexpectedly last week as refineries sharply slowed production, while gasoline stocks soared amid weak demand. U.S. commercial crude inventories rose by 2.3 million barrels to 485.5 million barrels.

 $1 = Rs. 68.18
 Import Custom Ex. Rate USD/ INR: 69.10
 Export Custom Ex. Rate USD/ INR: 67.40