Mixed Xylene Weekly Report 28 July 2018

Weekly Price Trend: 23-07-2018 to 27-07-2018

• The above given graph focuses on the Mixed Xylene price trend for the current week.
• Domestic prices ofMixed Xylene remained firm for this week. Prices were assessed at the level of Rs.60/Kg for Mumbai and for Kandla port.

Booking Scenario

INDIA

• Mixed Xylene prices were assessed around Rs.60/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 835-855 increased by USD 30/MTS in compares to last week’s closing values.
• CFR SEA values were assessed in the range of USD 860/MTS increased by USD 30/MTS in compare to last week’s closing values.
• Crude prices have been on increasing trend for this week.  On Wednesday US government released the data regarding the low inventory levels of crude. The inventory levels have reduced at max since 2015. With low inventory the worries about oversupply has now reduced which has affected the market in last few weeks.
• Oil prices rose on Thursday as Saudi Arabia suspended its shipments through strait in the Red Sea following an attack on two oil tankers by Yemen.
• Brent futures rose 61 cents to settle at $74.54 a barrel, a 0.8 percent gain. The contract earlier touched $74.83 a barrel, highest since July 16. U.S. West Texas Intermediate (WTI) crude futures were up 31 cents, settling at $69.61, a 0.5 percent gain.

$1 = Rs. 68.65
Import Custom Ex. Rate USD/ INR: 69.60

Export Custom Ex. Rate USD/ INR: 67.90