Mixed Xylene Weekly Report 13 Jan 2018

Weekly Price Trend: 08-01-2018 to 12-01-2018

• The above given graph focuses on the Mixed Xylene price trend for the current week.
• Domestic prices ofMixed Xylene remained stable-to-firm for this week. Prices were assessed at the level of Rs.49/Kg for Mumbai port and Kandla port.      

Booking Scenario

INDIA

• Mixed Xylene prices were assessed around Rs.49/Kg at Kandla port and for Mumbai port.
• International prices of Isomer grade Mixed Xylene remained unchanged for this week. Prices were assessed in the range of USD 730-750/MTS, with no change in compares to last week’s closing values.
• CFR SE Asia prices were assessed around USD 760/MT, with no change for this week.
• This week crude oil prices have followed up velocity. On Thursday Brent crude oil hit a more than three-year high breaking through the psychologically important $70 a barrel level for the first time since December 2014.
• On Thursday, closing crude values have increased. WTI on NYME closed at $63.80/bbl; prices have increased by $0.23/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.06/bbl in compared to last trading and was assessed around $69.26/bbl.
• Oil prices have been supported by stronger-than-expected demand fueled by worldwide economic growth, ongoing output limits by OPEC and Russia and a series of global events that have stoked geopolitical tension.
• Market analysts say it will be hard for oil prices to tack on gains from these levels. Robust global demand, OPEC output cuts and a series of geopolitical tensions have accelerated a rally that began in June.

$1 = Rs. 63.61
Import Custom Ex. Rate USD/ INR: 64.50
Export Custom Ex. Rate USD/ INR: 62.80