MEK Weekly Report 26 May 2018

Weekly Price Trend: 21-05-2018 to 25-05-2018

• The above graph shows the weekly price trend of MEK for the current week.
• As per the above graph, this week MEK prices have remained firm in compare to previous week and at the end of the week MEK prices were assessed at the level of Rs. 105/Kg for Kandla port.

Booking Scenario

INDIA & INTERNATIONAL

• For the current week, domestic prices of MEK have remained firm in compare to previous week and were assessed at the level of Rs 105/kg.
• This week in international market, prices of MEK have remained firm in compare to previous week.
• As per market report, demand is likely to remain steady in near term with an increase likely from the spring coatings season.
• This week oil prices have followed volatile trend. On Thursday, prices plunged, by the prospect of the first increase in OPEC output since 2016 in the face of concern over supply from both Venezuela and Iran, while a surprise rise in U.S. crude inventories raised doubt over seasonal demand.
• On Thursday, closing crude values have decreased. WTI on NYME closed at $70.71/bbl; prices have decreased by $1.13/bbl in compared to last closing prices. While Brent on Inter
• Continental Exchange decreased by $1.01/bbl in compared to last trading and was assessed around $78.79/bbl.

  $1 = Rs. 67.75
 Import Custom Ex. Rate USD/ INR: 68.65
 Export Custom Ex. Rate USD/ INR: 66.95