Mixed Xylene Weekly Report 16 june 2018

Weekly Price Trend: 11-06-2018 to 15-08-2018

• The above given graph focuses on the Mixed Xylene price trend for the current week.
• Domestic prices ofMixed Xylene remained weak for this week. Prices were assessed at the level of Rs.58/Kg for Kandla port and for Mumbai port.      

Booking Scenario

INDIA

• Mixed Xylene prices were assessed around Rs.58/Kg at Kandla port and for Mumbai port.
• International prices of Isomer grade Mixed Xylene remained stable for this week. Prices were assessed in the range of USD 815-835/MTS reduced by USD 15/MTS in compares to last week’s closing values.
• CFR SEA values were assessed in the range of USD 815-835/MTS reduced by USD 15/MTS in compare to last week’s closing values.
• China's Hengli Petrochemical plans to start test runs at one of its two new paraxylene production lines in Dalian, Liaoning province, in November, in line with planned trial runs at its new 20 million mt/year (400,000 b/d) refinery in October.
• Both lines have a production capacity of 2.25 million mt/year. The second line is expected to start in the first or second quarter of 2019, the source said.
• China based Jilin Petrochemical is likely to start its aromatic unit after brief maintenance schedule. Earlier the unit was shut down in the first week of May for annual maintenance. China based unit has the production capacity of Toluene around 1000 mt/year and isomer grade Mixed Xylene around 500 mt/year.
• This week market remained dull passive on back of Ramadan and continuous 4 day holidays in this weekend.
• This week crude oil prices have followed mixed trend. On Thursday oil prices were lower, facing pressure from evidence of rising U.S. output and uncertainty over the outlook for supply.
• On Friday, closing crude values have remained mixed. WTI on NYME closed at $66.89/bbl; prices have increased by $0.25/bbl in compared to last closing prices. While Brent on Inter
• Continental Exchange increased by $0.86/bbl in compare to last closing price and was assessed around $76.74/bbl.
• On Friday oil prices were little changed in early Asian trade, as investors eyed a key OPEC meeting in Vienna and Saudi Arabia and Russia.As per report, OPEC and Russia are expected to gradually increase production, but opinions about easing output caps are fragmented within OPEC ahead of its meeting next week. U.S. crude output hits record 10.9 million barrels per day, as per report.

$1 = Rs. 68.01
Import Custom Ex. Rate USD/ INR: 67.85
Export Custom Ex. Rate USD/ INR: 66.15