N Hexane Weekly Report 09 June 2018

Weekly Price Trend: 04-06-2018 to 08-06-2018

• The above given graph focuses on the N Hexane price trend for the current week.
• Prices were assessed at the level of Rs.60/Kg in this week, remained vulnerable in compare to last week’s closing values.

Booking Scenario

INDIA& INTERNATIONAL

• This week N hexane prices remained soft-to-stable in domestic market. Prices were assessed around Rs.60/Kg for bulk quantity.
• CIF India values were assessed in the range of USD 860-880/MT, increased by USD 30/MT for this week.
• This week oil prices have followed volatile trend. On Thursday oil prices surged due to concern about a steep drop in exports from Venezuela and concerns OPEC may not raise production at its meeting this month.
• On Thursday, closing crude values have increased. WTI on NYME closed at $65.95/bbl; prices have increased by $1.22/bbl in compared to last closing prices. While Brent on Inter
• Continental Exchange increased by $1.96/bbl in compare to last closing price and was assessed around $77.32/bbl.
• As per report, Crude prices got an early lift on concerns about exports from Venezuela. Gains grew while OPEC would focus on balancing the market rather than on rolling back production caps.
• The OPEC and other producers including Russia have cut output since 2017 to reduce a global crude glut. The group meets in Vienna on June 22 to discuss its supply policy. Market players said that to maintain the balance between supply and demand to ensure the stability of the oil markets matters to us

$1 = Rs. 67.50
Import Custom Ex. Rate USD/INR: Rs. 67.85
Export Custom Ex. Rate USD/INR: Rs. 66.15