N Hexane Weekly Report 05 May 2018

Weekly Price Trend: 30-04-2018 to 04-05-2018

• The above given graph focuses on the N Hexane price trend for the current week.
• Prices were assessed at the level of Rs.63/Kg in this week, an increase of Rs.1/Kg in compare to last week’s assessed values.

Booking Scenario

INDIA& INTERNATIONAL

• This week N hexane prices increase slightly in domestic market. Prices were assessed around Rs.63/Kg for bulk quantity.
• CIF India values were assessed in the range of USD 850-870/MT, increased by USD 30/MTS for this week.
• PTT Global Chemical is planning to shut its cracker no1 for maintenance turnaround. The cracker will undergo maintenance in September 2018. The unit is likely to remain off-stream 40 days. The unit is based at Map Ta Phut in Thailand and has the production capacity of 460,000 mt/year and a propylene production capacity of 125,000 mt/year.
• This week crude oil prices have fluctuated. On Thursday, prices boosted by OPEC production cuts and the potential for new U.S. sanctions against Iran, but gains were limited by growing U.S. crude inventories.
• On Thursday, closing crude values have increased. WTI on NYME closed at $68.43/bbl; prices have increased by $0.50/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.26/bbl in compared to last trading and was assessed around $73.62/bbl.
• As per report, U.S. oil production also rose to a record of 10.62 million barrels per day (bpd), a jump of more than a quarter since mid-2016. Looming over markets is the May 12 deadline by when President Donald Trump is due to decide whether or not to continue waiving U.S. sanctions against Iran.

$1 = Rs. 66.86
Import Custom Ex. Rate USD/INR: Rs. 67.50
Export Custom Ex. Rate USD/INR: Rs. 65.80