Mixed Xylene Weekly Report 10 Aug 2018

Weekly Price Trend: 06-08-2018 to 10-08-2018

• 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.64/Kg for Mumbai and Rs.63/Kg for Kandla port.

Booking Scenario

INDIA

• Mixed Xylene prices were assessed around Rs.63/Kg at Kandla port and Rs.64/Kg for Mumbai port.
• International prices of Isomer grade Mixed Xylene remained firm for this week. Prices were assessed in the range of USD 880-900 increased by USD 25/MTS in compares to last week’s closing values.
• CFR SEA values were assessed in the range of USD 900/MTS increased by USD 25/MTS in compare to last week’s closing values.
• This week oil prices have followed volatile trend. On Thursday Crude prices held near lower levels set in the previous session, as the escalating China-U.S. trade dispute cast doubt on the outlook for oil demand.
• On Thursday, closing crude values have decreased. WTI on NYME closed at $66.81/bbl. Prices have decreased by $0.13/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $0.21/bbl in compare to last closing price and was assessed around $72.07/bbl. Both benchmarks tumbled more than 3 percent after U.S. data showed a smaller-than-expected weekly draw in crude inventories and a surprise build of 2.9 million barrels in gasoline supplies.
• As per report, despite the possibility of a slowdown in economic growth due to escalating trade tensions, oil markets are for now relatively tight, because of sanctions on Iranian oil exports the United States plans to implement in November. Beyond Iran sanctions, the escalating trade dispute between Washington and Beijing was weighing on global markets.

$1 = Rs. 68.87
Import Custom Ex. Rate USD/ INR: 69.25
Export Custom Ex. Rate USD/ INR: 67.55