N Hexane Weekly Report 16 Sep 2017

Weekly Price Trend: 11-09-2017 to 15-09-2017

• The above given graph focuses on the N Hexane price trend for the current week.
• Prices were assessed at the level of Rs.47/Kg in this week, with slight hike in values in compare to last week’s closing values.
• By end of the week prices were assessed around Rs.47s/Kg for bulk quantity.

Booking Scenario

INDIA& INTERNATIONAL

• This week N hexane prices increased in domestic market. Prices were assessed around Rs.47/Kg for bulk quantity.
• Prices in international market reduced slightly for this week. CIF India prices of N Hexane were assessed at the level of USD 710-730/MTS, reduced by USD 10/MTS in compare to last week’s assessed values.
• This week there has been significant hike in crude values. Prices has reached too its highest level since April in this year. Crude values rose above $ 50/barrel for the first time. Both the contracts have increased by more than 19% since /June.
• Many fundamental factors are helping to support oil prices at this moment.
• Short supply, stronger demand along with ongoing restrictions from OPEC and Russia are few major reasons for the surge in oil prices.

• This week has been highly positive for crude values in international market. On Thursday closing, crude values gained in the international market.WTI on NYME closed at $49.89/bbl, prices improved by 0.59 in compared to last closing prices. While, Brent on Inter Continental Exchange was assessed at the rate of $55.47/bbl increased by 0.31/bbl on Wednesday.

$1 = Rs. 64.07
Import Custom Ex. Rate USD/INR: Rs. 64.90
Export Custom Ex. Rate USD/INR: Rs. 63.25