MEK Weekly Report 29 July 2017

Weekly Price Trend: 24-07-2017 to 28-07-2017
 

• The above graph shows the weekly price trend of MEK for the current week.
• As per the above graph, this week MEK prices have remained firm in compare to previous week and at the end of the week MEK prices were assessed at the level of Rs. 91/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 91/kg.
• This week in international market, prices of MEK have remained stable in compare to previous week
• Recently MEK market is moving with firm velocity.
• In Gujarat market due to heavy rain fall off taking activity have been slower.

• This week oil prices have followed up trend. On Thursday oil prices have boosted 8 weeks high on a hope that a steeper-than-expected decline in U.S. crude oil inventories will reduce global oversupply.
• On Thursday, closing crude values have increased.WTI on NYME closed at $49.04/bbl, prices have increased by $0.29/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.52/bbl in compared to last trading and was assessed around $51.49/bbl.

  $1 = Rs. 64.16
 Import Custom Ex. Rate USD/ INR: 65.20
 Export Custom Ex. Rate USD/ INR: 63.50