Mixed Xylene Weekly Report 14 April 2018

Weekly Price Trend: 09-04-2018 to 13-04-2018

• 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.52/Kg for Mumbai port and Rs.51/Kg for Kandla port.      

Booking Scenario

INDIA

• Mixed Xylene prices were assessed around Rs.51.5/Kg at Kandla port and Rs.52/Kg for Mumbai port.
• International prices of Isomer grade Mixed Xylene remained unchanged for this week. Prices were assessed in the range of USD 735-755/MTS with no change in compares to last week’s closing values.
• CFR SEA values were assessed in the range of          with no change in compare to last week’s closing values.
• Oil prices have escalated through the week but on Thursday prices have remained mixed.
• On Thursday, closing crude values have mixed. WTI on NYME closed at $67.07/bbl; prices have increased by $0.25/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $0.40/bbl in compared to last trading and was assessed around $72.02/bbl.
• Oil markets remained tense on Thursday on concerns over a military escalation in Syria, although prices were some way off Wednesday's late-2014 highs as bulging U.S. supplies weighed. A trade dispute between the United States and China also kept markets on edge.
• Crude oil prices settled at three-year highs amid ongoing expectations that geopolitical tensions in the Middle East could add a possible ‘fear premium’ to oil, while continued OPEC cuts supported sentiment.
• If the U.S. does indeed launch missiles at Syria, this would heighten risk and likely at once push crude oil higher and depress equities further.

$1 = Rs. 65.20
Import Custom Ex. Rate USD/ INR: 65.90
Export Custom Ex. Rate USD/ INR: 64.20