Mixed Xylene Weekly Report 15 July 2017

Weekly Price Trend: 10-07-2017 to 14-07-2017

• The above given graph focuses on the Mixed Xylene price trend for the current week.
• Domestic prices ofMixed Xylene remained unchanged for this week. Prices were assessed at the level of Rs.42/Kg for Kandla port and for Mumbai port.

                                                                        Booking Scenario

INDIA

• Mixed Xylene prices were assessed around Rs.41/Kg at Kandla port and Rs42/Kg for Mumbai port.
• International prices of Isomer grade Mixed Xylene decreased slightly for this week. Prices were assessed in the range of USD 610-630/MTS, reduced by USD 5/MTS in compare to last week’s closing values.
• CFR SE Asia prices were assessed in the range of USD 640/MT, decreased by USD 10/MTS in compare to last week’s assessed values.
• Hanwha Total Petrochemical Company a 50:50 joint venture of Hanwha group and Total has increased its Para Xylene capacity to meet up the increasing Para Xylene demand. The annual capacity has been increased by 2,00,000 tonnes after two month upgrade. The second plant in Daesan, some 120 kilometers south of Seoul, will have an annual capacity of 1.2 million tons of paraxylene. The combined capacity of two plants in Daesan is 1.9 million tones. Hanwha Total was set up in 2015 after Hanwha's purchase of South Korean conglomerate Samsung Group's petrochemicals business, which included the group's 50 percent stake in the Daesan complex.
• This week Crude oil prices followed up an positive trend as Saudi Arabia is going to cut exports of crude oil to the United States, but this is going to be a short-term effect on the market as the United States becomes much more energy independent.

• On Thursday, closing crude values have increased.WTI on NYME closed at $46.08/bbl, prices have increased by $0.59/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.68/bbl in compared to last trading and was assessed around $48.42/bbl.
• As per market source, the oil market could stay oversupplied for longer than expected due to rising production and limited output cuts by some OPEC exporters. Rising consumption in Germany and the United States was helping boost oil demand. OPEC said its production rose by 393,000 barrels per day in June to 32.611 million bpd.

$1 = Rs. 64.45
Import Custom Ex. Rate USD/ INR: 65.65
Export Custom Ex. Rate USD/ INR: 63.95