Mixed Xylene Weekly Report 23 Dec 2017

Weekly Price Trend: 18-12-2017 to 22-12-2017

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

Booking Scenario

INDIA

• Mixed Xylene prices were assessed around Rs.50/Kg at Kandla port and for Mumbai port.
• International prices of Isomer grade Mixed Xylene increased for this week. Prices were assessed in the range of USD 710-730/MTS, with an increase of USD 20/MTS in compares to last week’s closing values.
• CFR SE Asia prices were assessed around USD 740/MT, increased by USD 15/MTS in compare to last week’s assessed values.
• On other side FOB Korea values for Benzene reduced heavily for this week. Prices were assessed at the level of USD 865 /MTS, lowered by USD 35/MTS in one week. CFR China values were assessed around USD 880/MTS.
• This week oil prices have followed mixed trend and closed on higher note. On Thursday, Oil prices higher, erasing earlier losses as Britain's Forties pipeline in the North Sea was expected to restart in early January after repairs over Christmas. Forties is the largest of the five North Sea crudes that underpin Brent, a benchmark for oil trading in Europe, the Middle East, Africa and Asia.
• On Thursday, closing crude values have increased. WTI on NYME closed at $58.36/bbl; prices have increased by $0.27/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.34/bbl in compared to last trading and was assessed around $64.90/bbl.
• As per market report, based on current estimates the company expects to bring the pipeline progressively back to normal rates early in the new year. Oil prices were also supported by falling crude inventories in the United States but capped by output that is fast approaching 10 million barrels per day.
• As me market predictors said that the first few months of 2018 to be either flat or a build in inventories, as it is typically the case with the seasonality in the oil market.

$1 = Rs. 64.04
Import Custom Ex. Rate USD/ INR: 64.90
Export Custom Ex. Rate USD/ INR: 63.20