MEK Weekly Report 25 August 2018

Weekly Price Trend: 20-08-2018 to 24-08-2018

• The above graph shows the weekly price trend of MEK for the current week.
• As per the above graph, this week MEK prices have increased in compare to previous week and at the end of the week MEK prices were assessed at the level of Rs. 94/Kg for Kandla port.

Total import at various ports of India July, 2018

Above graph represents the total imported Quantity of MEK for the month of July, 2018. Last month total imports were around 6610MT. In the month of July at Kandla port imports were higher while at Hazira port lesser quantity has been imported.

Booking Scenario

INDIA & INTERNATIONAL

• For the current week, domestic prices of MEK have increased in compare to previous week and were assessed at the level of Rs 94/kg.
• This week in international market, prices of MEK have remained firm in compare to previous week.
• This week MEK prices have remained firm as market is moving with soft velocity on account of seasonal silence.
• Some market players have said that as the rainy season will go off demand from downstream sectors will go up.
• This week oil prices have followed volatile trend. On Thursday oil prices plunged as an swelling trade dispute between the United States and China balanced news of a decline in U.S. commercial crude inventories.
• On Thursday, closing crude values have decreased. WTI on NYME closed at $67.83/bbl. Prices have decreased by $0.03/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $0.05/bbl in compare to last closing price and was assessed around $74.73/bbl.

  $1 = Rs. 69.91
 Import Custom Ex. Rate USD/ INR: 71.10
 Export Custom Ex. Rate USD/ INR: 69.40