Mixed Xylene Weekly Report 09 Sep 2017
Weekly Price Trend: 04-09-2017 to 08-09-2017
- The above given graph focuses on the Mixed Xylene price trend for the current week.
- Domestic prices ofMixed Xylene increased significantly for this week. Prices were assessed at the level of Rs.47/Kg for Mumbai port and for Kandla port.
Booking Scenario
INDIA
- Mixed Xylene prices were assessed around Rs.47/Kg at Kandla port and for Mumbai port.
- International prices of Isomer grade Mixed Xylene increased for this week. Prices were assessed in the range of USD 670-690/MTS, with an increase of USD 20/MTS in compare to last week’s closing values.
- CFR SE Asia prices were assessed in the range of USD 695/MT, increased by USD 20/MTS in compare to last week’s assessed values.
- This week oil prices have followed mixed trend. Oil futures eased on Thursday on a slightly bigger-than expected U.S. crude inventory build as the restart of U.S. refiners after Hurricane Harvey was being countered by the threat of Hurricane Irma. On Thursday, closing crude values have remained mixed.WTI on NYME closed at $49.09/bbl, prices have decreased by $0.07/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $0.29/bbl in compared to last trading and was assessed around $54.49/bbl. As per market players supplies of crude remained sufficient to meet demand.
- The major petrochemical plants of the country are located on these sites. To take a precautionary action major companies like Exxon Mobil, LyondellBasel, Celanese and many more has shut down their units abruptly. Formosa has shut down its ports and units along with Dow chemical. Petrobras has shut down its Pasadena refinery. Shell has shut down its refinery and unit. Arkema reported explosion in its unit on Thursday.
- There has been rise in international prices in international market. Due to heavy rainfall and disruption of transportation there has been limited supply of the chemical across all major Indian markets.
$1 = Rs. 63.78
Import Custom Ex. Rate USD/ INR: 64.90
Export Custom Ex. Rate USD/ INR: 63.25