MEK Weekly Report 29 April 2017

Weekly Price Trend: 24-04-2017 to 28-04-2017

• 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. 93/Kg for Kandla port.

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 93/kg.
• This week in international market, prices of MEK have remained firm in compare to previous week.
• As per market source presently in domestic market MEK demand is moving with downward pace no major deals has been heard.
• As per market report, recently market is moving with weak velocity no major discussion has been heard.
• As per market analyst As gas prices drop, that creates an undertow for the entire crude oil market. The outlook for oil prices will remain unstable. Decline in crude prices and therefore petroleum product prices also means corresponding reduction in prices of some of the raw materials for the petrochemical industry. Hence, it can be a factor in improving the profitability of that industry.

 $1 = Rs. 64.24
 Import Custom Ex. Rate USD/ INR: 65.55
 Export Custom Ex. Rate USD/ INR: 63.85