MEK Weekly Report 30 June 2018
Weekly Price Trend: 25-06-2018 to 29-06-2018
- 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. 99/Kg for Kandla port.
Booking Scenario
INDIA & INTERNATIONAL
- For the current week, domestic prices of MEK have decreased in compare to previous week and were assessed at the level of Rs 99/kg.
- This week in international market, prices of MEK have plunged in compare to previous week.
- This week MEK prices have decreased with bearish buying sentiments.
- This week crude oil prices have escalated. On Thursday oil prices climbed, with U.S. crude hitting a three-and-a-half year high, bolstered by supply concerns due to U.S. sanctions that could cause a large drop in crude exports from Iran.
- On Thursday, closing crude values have increased. WTI on NYME closed at $73.45/bbl; prices have increased by $0.69/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.23/bbl in compare to last closing price and was assessed around $77.85/bbl.
- On Friday, oil prices dipped amid escalating trade friction between the United States and other major economies, although crude markets remain tight due to supply disruptions and generally high demand.
$1 = Rs. 68.47
Import Custom Ex. Rate USD/ INR: 69.10
Export Custom Ex. Rate USD/ INR: 67.40
