MEK Weekly Report 23 Sep 2017

Weekly Price Trend: 18-09-2017 to 22-09-2017

• 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 volatile in compare to previous week and at the end of the week MEK prices were assessed at the level of Rs. 97/Kg for Kandla port.

Total import at various ports of India August, 2017

Above chart represents the total imported quantity of MEK for the month of August, 2017.
Last month total imports were around 7487mt. As per chart at Kandla port imports were higher while at Bombay port import was lesser.

Booking Scenario

INDIA & INTERNATIONAL

• For the current week, domestic prices of MEK have remained volatile in compare to previous week and were assessed at the level of Rs 97/kg.
• This week in international market, prices of MEK have increased in compare to previous week.
• Presently MEK market is moving with up velocity demand sentiments have improved from end users.
• Asian MEK prices continue to climb on tight supply.
• This week oil prices have followed mixed trend. Oil prices were steady on Thursday ahead of a meeting of oil producers that could extend production limits aimed at clearing a glut that has depressed the market for more than three years.
• As per report, Ministers from the OPEC, Russia and other producers meet in Vienna on Friday and are due to consider extending output cuts that began in January.

  $1 = Rs. 64.79
 Import Custom Ex. Rate USD/ INR: 65.40
 Export Custom Ex. Rate USD/ INR: 63.70