MEK Weekly Report 25 March 2017

Weekly Price Trend: 20-03-2017 to 24-03-2017

• The above graph shows the weekly price trend of MEK for the current week.
• As per the above graph, this week MEK prices have 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 February, 2017

Above chart represent the imported quantity of MEK for the month of February, 2017. Previous month total imported quantity was around 3008mt. As per the chart last month at Hazira port lower quantity has been imported while at Kandla port imports was higher.

Booking Scenario

INDIA & INTERNATIONAL

• For the current week, domestic prices of MEK have plunged in compare to previous week and were assessed at the level of Rs 108/kg.
• This week in international market, prices of MEK have decreased in compare to previous week.
• Presently petrochemical market is moving with soft velocity on account of this MEK demand from end users have been sluggish.
• As per market report, with all the sellers material is available in good quantity but demand sentiments have been scrawny which has resulted in plunge in the prices.
• This week oil prices have followed scrawny inclination. Oil prices have plunged as U.S. crude inventories rising faster than expected, piling pressure on OPEC to extend output cuts beyond June. Now investors await a meeting between OPEC and its allies that may signal whether they will extend output curbs.

 $1 = Rs. 65.41
 Import Custom Ex. Rate USD/ INR: 66.20
 Export Custom Ex. Rate USD/ INR: 64.50