Mixed Xylene Weekly Report 07 Oct 2017

Weekly Price Trend: 02-10-2017 to 06-10-2017

• The above given graph focuses on the Mixed Xylene price trend for the current week.
• Domestic prices ofMixed Xylene improved significantly for this week. Prices were assessed at the level of Rs.53/Kg for Mumbai port and Rs.54/Kg for Kandla port.      

Booking Scenario

INDIA

• Mixed Xylene prices were assessed around Rs.54/Kg at Kandla port and Rs.53/Kg for Mumbai port.
• International prices of Isomer grade Mixed Xylene remained unchanged for this week. Prices were assessed in the range of USD 650-670/MTS.
• CFR SE Asia prices were assessed in the range of USD 680/MT, again remained unchanged in compare to last week’s assessed values.
• Market sentiments remained stable as one of the major market of Asia, China remained closed due to golden week holidays. The Market will open now on Monday. So the demand remained lull from China
• Crude price remained volatile throughout this week. On Wednesday after slipping a bit oil prices rose again on Thursday based on expectations that Saudi Arabia and Russia would extend production cuts, although record U.S. exports and the return of supply from a Libyan oilfield dragged on the market.
• On Thursday, crude values closed on higher note. WTI on NYME closed at $50.79/bbl, prices have increased by $0.81/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $1.20/bbl in compared to last trading and was assessed around $57.00/bbl.
• As per market players, OPEC and other producers, including Russia, to cut oil output to boost prices could be extended to the end of 2018, instead of expiring in March 2018.

$1 = Rs. 65.38
Import Custom Ex. Rate USD/ INR: 65.95
Export Custom Ex. Rate USD/ INR: 64.70