Mixed Xylene Weekly Report 01 Sep 2018

Weekly Price Trend: 27-08-2018 to 31-08-2018

• The above given graph focuses on the Mixed Xylene price trend for the current week.
• Domestic prices ofMixed Xylene remained firm for this week. Prices were assessed at the level of Rs.65/Kg for Mumbai and Rs.64/Kg for Kandla port.

Booking Scenario

INDIA

• Mixed Xylene prices were assessed around Rs.64/Kg at Kandla port and Rs.65/Kg for Mumbai port.
• International prices of Isomer grade Mixed Xylene reduced slightly for this week.Prices were assessed in the range of USD 920-940 decreased by USD10/MT in compares to last week’s closing values.
• CFR SEA values were assessed in the range of USD 945/MTS reduced by USD 60/MTS in compare to last week’s closing values.
• This week oil prices have followed volatile trend. On Thursday oil prices increased due to extending gains on growing evidence of disruptions to crude supply from Iran and Venezuela and after a fall in U.S. crude inventories.
• On Thursday, closing crude values have increased. WTI on NYME closed at $70.25/bbl. Prices have increased by $0.74/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.63/bbl in compare to last closing price and was assessed around $77.77/bbl.
• As per report, Brent has risen by almost 10 percent over the past two weeks on widespread perceptions that the global oil market is tightening and could run short in the next few months as U.S. sanctions restrict crude exports from Iran.
• Market players have said that market will remain tight towards the end of the year because of falling supply in countries such as Iran and Venezuela combined with strong demand, especially in Asia.

$1 = Rs. 70.99
Import Custom Ex. Rate USD/ INR: 71.10
Export Custom Ex. Rate USD/ INR: 69.40