MEK Weekly Report 24 June 2017

Weekly Price Trend: 19-06-2017 to 23-06-2017

• The above graph shows the weekly price trend of MEK for the current week.
• As per the above graph, this week MEK prices sharply have plunged in compare to previous week and at the end of the week MEK prices were assessed at the level of Rs. 108/Kg for Kandla port.

Total import at various ports of India May, 2017

The above chart depicts the total imported quantity of MEK for the month of May, 2017. In the month of May total imported quantity of MEK was around 5048MT. As per chart last month at Kandla port imports were higher, while at Hazira port imports were lower.

Booking Scenario

INDIA & INTERNATIONAL

• For the current week, domestic prices of MEK have plunged sharply in compare to previous week and were assessed at the level of Rs 108/kg.
• This week in international market, prices of MEK have increased 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 domestic MEK prices have plunged sharply and in near term also prices will go down as per market players.
• This week oil prices have followed mixed trend. The oil market posted its worst performance in the first six months in two decades effectively signaling its refusal to accept the effectiveness of the OPEC statement and its desire for further production cuts.

  $1 = Rs. 64.52
 Import Custom Ex. Rate USD/ INR: 65.15
 Export Custom Ex. Rate USD/ INR: 63.50