N Hexane Weekly Report 14 April 2018

Weekly Price Trend: 09-04-2018 to 13-04-2018

• The above given graph focuses on the N Hexane price trend for the current week.
• Prices were assessed at the level of Rs.61/Kg in this week, slight rise in the values.

Booking Scenario

INDIA& INTERNATIONAL

• This week N hexane prices increase slightly in domestic market. Prices were assessed around Rs.61/Kg for bulk quantity.
• CIF India values were assessed in the range of USD 820-840/MT, with no change 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.
• Oil prices have escalated through the week but on Thursday prices have remained mixed.
• On Thursday, closing crude values have mixed. WTI on NYME closed at $67.07/bbl; prices have increased by $0.25/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $0.40/bbl in compared to last trading and was assessed around $72.02/bbl.
• Oil markets remained tense on Thursday on concerns over a military escalation in Syria, although prices were some way off Wednesday's late-2014 highs as bulging U.S. supplies weighed. A trade dispute between the United States and China also kept markets on edge.
• Crude oil prices settled at three-year highs amid ongoing expectations that geopolitical tensions in the Middle East could add a possible ‘fear premium’ to oil, while continued OPEC cuts supported sentiment.
• If the U.S. does indeed launch missiles at Syria, this would heighten risk and likely at once push crude oil higher and depress equities further.

$1 = Rs. 65.20
Import Custom Ex. Rate USD/INR: Rs. 65.90
Export Custom Ex. Rate USD/INR: Rs. 64.20