Mixed Xylene Weekly Report 18 Nov 2017

Weekly Price Trend: 06-11-2017 to 10-11-2017

• 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.51/Kg for Mumbai port and Rs.50/Kg for Kandla port.      

Booking Scenario

INDIA

• Mixed Xylene prices were assessed around Rs.50Kg at Kandla port and Rs.51/Kg for Mumbai port.
• International prices of Isomer grade Mixed Xylene decreased for this week. Prices were assessed in the range of USD 670-690/MTS, reduced by USD 40/MTS in compare to last week’s closing values.
• CFR SE Asia prices were assessed in the range of USD 700/MT, remained unchanged in compare to last week’s assessed values.
• On other side FOB Korea values for Benzene remained unchanged for this week. CFR China values closed on slight lighter note reduced by USD 5/MTS and were assessed around USD  840/MTS. This in turn affected the pricing for MX values.
• There has been continuous hike in exchange rates for India as well. This in turn tightens the market conditions for importers.
• There has been a constant worry from China market as government over there has become really strict with petrochemical industry regarding pollution and environmental issues. Many units under shut down are unable to go on-stream due to denial from government authorities.

$1 = Rs. 67.63
Import Custom Ex. Rate USD/ INR: 66.20
Export Custom Ex. Rate USD/ INR: 64.50