Mixed Xylene Weekly Report 25 Nov 2017

Weekly Price Trend: 20-11-2017 to 24-11-2017

• 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 increased slightly for this week. Prices were assessed in the range of USD 675-695/MTS, increased by USD 5/MTS in compare to last week’s closing values.
• CFR SE Asia prices were assessed in the range of USD 705/MT, increased by USD 5/MTS in compare to last week’s assessed values.
• On other side FOB Korea values for Benzene increased significantly for this week. Prices were assessed at the level of USD 870 /MTS, increased by USD 35/MTS in one week. CFR China values also increased by USD 40/MTS and were assessed around USD 870/MTS.
• There will be addition of Mixed Xylene I the markets in next few months as many plants will turn on their production or will increase their production.
• Idemitsu Kosan of Japan is planning to start a new refinery in Aichi which will add production capacity 170,000 mt/year of mixed Xylene.
• Sinochem Hongrun based at Shandong in China will start a new unit having the production capacity of 1200 mt/day of isomer-MX.
• Again Petro China will be starting a new greenfield Yunnan refinery in the month of August in 2018 which has the capacity to produce around 380,000 mt/year of isomer-MX.
• There has been huge cult in the petrochemical production output in China since January to October. On an average production growth has slowdown for 8.5 % to 3.9%. This has been due to extra consciousness of communist government of China in environmental issues. The quality of air has been regarded as worst in Chin since past few years. To overcome such issues the government has decided to put an cult on the petchem production. The Beijing-Tianjin-Hebei Region has been constantly monitored by the government.
• There “is likely to be significant disruption to existing chemicals’ capacity” amid China’s environmental protection campaign.

$1 = Rs. 64.70
Import Custom Ex. Rate USD/ INR: 66.20
Export Custom Ex. Rate USD/ INR: 64.50