MEK Weekly Report 23 June 2018

Weekly Price Trend: 18-06-2018 to 22-06-2018

• The above graph shows the weekly price trend of MEK for the current week.
• As per the above graph, this week MEK prices have decreased in compare to previous week and at the end of the week MEK prices were assessed at the level of Rs. 99/Kg for Kandla port.

Total import at various ports of India May, 2018

Above graph represent the total imported quantity of MEK for the month of May, 2018.
Last month total import was around 5263MT. As per chart last month at Kandla port imports was higher while at Bombay port import was lesser.

Booking Scenario

INDIA & INTERNATIONAL

• For the current week, domestic prices of MEK have decreased in compare to previous week and were assessed at the level of Rs 99/kg.
• This week in international market, prices of MEK have remained firm in compare to previous week.
• This week MEK prices have remained firm with firm buying sentiments.
• This week crude oil prices have followed volatile trend. On Thursday Global benchmark Brent crude extended losses ahead of Friday's meeting of the OPEC, where producers are expected to boost output.
• On Thursday, closing crude values have plunged. WTI on NYME closed at $65.54/bbl; prices have decreased by $0.17/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $1.69/bbl in compare to last closing price and was assessed around $73.05/bbl.
• Today oil prices rose by more than 1 percent in early Asian trading, pushed up by uncertainty over whether OPEC would manage to agree a production increase at a meeting in Vienna later in the day.

  $1 = Rs. 67.84
 Import Custom Ex. Rate USD/ INR: 69.10
 Export Custom Ex. Rate USD/ INR: 67.40