MEK Weekly Report 8 April 2017

Weekly Price Trend: 03-04-2017 to 07-04-2017

• 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. 100/Kg for Kandla port.

Total import for last six months

Above graph represents the total import quantity of MEK in previous six months. As per chart In total imports were around 16222mt.In last six months in the month of December, 2017 higher quantity has been imported while in October import were lesser.

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 100/kg.
• This week in international market, prices of MEK have decreased in compare to previous week.
• Recently MEK prices have decreased as demand sentiments have been weaker and material is available in good quantity.
• As per news Taiwan’s FPCC postpones restart of MTBE unit to H2 April.
• This week mostly oil prices have followed up inclination. On Tuesday prices have declined tiny but again through the week prices have escalated. Oil prices have increased as bullish sentiment remained supportive. Oil prices have increased but market players remained vigilant about record-high U.S. crude inventories.
• On Friday U.S. crude futures jumped more than in Asia after President Trump ordered the first direct American military action against the regime of Syrian President Bashar al-Assad.
• Presently traders have been watching U.S. gasoline inventories as an indicator of what may happen with crude supplies.

 $1 = Rs. 64.28
 Import Custom Ex. Rate USD/ INR: 65.90
 Export Custom Ex. Rate USD/ INR: 64.20