MEK Weekly Report 28 April 2018
Weekly Price Trend: 23-04-2018 to 27-04-2018
- 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. 116/Kg for Kandla port.
Total import at various ports of India March, 2018
Above chart represents the total imported quantity of MEK for the month of March, 2018.
Last month total imports were around 3699MT.
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 116/kg.
- This week in international market, prices of MEK have decreased in compare to previous week.
- Presently MEK market is moving with soft velocity no major deals and discussion has been heard.
- This week oil prices have followed little volatility at the end of the week prices have escalated. On Thursday oil prices increased, supported by expectations of renewed U.S. sanctions on Iran, declining output in Venezuela and ongoing strong demand.
- On Thursday, closing crude values have increased. WTI on NYME closed at $68.19/bbl; prices have increased by $0.14/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.74/bbl in compared to last trading and was assessed around $74.74/bbl.
$1 = Rs. 66.66
Import Custom Ex. Rate USD/ INR: 66.70
Export Custom Ex. Rate USD/ INR: 65.00
