N Hexane Weekly Report 07 April 2018

Weekly Price Trend: 02-04-2018 to 06-04-2018

• The above given graph focuses on the N Hexane price trend for the current week.
• Prices were assessed at the level of Rs.59/Kg in this week, slight rise in the values.

Booking Scenario

INDIA& INTERNATIONAL

• This week N hexane prices remained unchanged with no change in domestic market. Prices were assessed around Rs.58.5/Kg for bulk quantity.
• CIF India values were assessed in the range of USD 820-840/MT, increased by USD 100/MT for this week.
• This week crude oil prices have remained volatile. On Thursday oil prices increased from gains in U.S. equities markets as trade tensions between China and the United States eased, but the advance was limited by strength in the dollar.
• On Thursday, closing crude values have increased. WTI on NYME closed at $63.54/bbl; prices have decreased by $0.17/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.31/bbl in compared to last trading and was assessed around $68.33/bbl.
• As per report, U.S. crude production hit a new high, but that was not enough to change the overall bullishness. OPEC and its allies are collectively curbing 1.8 million barrels per day of crude output to help eliminate a global oil glut. The cuts run until the end of 2018 but Saudi Arabia has said they could be extended in some form into 2019.

$1 = Rs. 64.96
Import Custom Ex. Rate USD/INR: Rs. 65.90
Export Custom Ex. Rate USD/INR: Rs. 64.20