MEK Weekly Report 22 July 2017

Weekly Price Trend: 17-07-2017 to 21-07-2017
 

• 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. 92/Kg for Kandla port.

Total import at various ports of India June, 2017

Above chart represent the total imported quantity of MEK for the month of June 2017.
Previous month total imports were around 653MT. As per chart last month at Hazira imports were higher while at Kandla port imported quantity was 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 92/kg.
• This week in international market, prices of MEK have remained stable in compare to previous week.
• As per market report, presently in domestic market material is available in good quantity while demand sentiments has been lower.
• This week oil prices have followed volatility in the market. Oil prices jumped more than 1 percent on Wednesday after a U.S. report showed a bigger weekly draw than forecast in crude and gasoline stocks along with a surprise drop in distillate inventories.
• On Thursday, oil settled lower in uneven trading. Closing crude values have decreased.WTI on NYME closed at $46.92/bbl, prices have decreased by $0.40/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $0.40/bbl in compared to last trading and was assessed around $49.30/bbl.

  $1 = Rs. 64.32
 Import Custom Ex. Rate USD/ INR: 65.65
 Export Custom Ex. Rate USD/ INR: 63.95