N Hexane Weekly Report 17 March 2018

Weekly Price Trend: 12-03-2018 to 16-03-2018

• The above given graph focuses on the N Hexane price trend for the current week.
• Prices were assessed at the level of Rs.56.5/Kg in this week, increased by Rs.8/Kg for this week.
• By end of the week prices were assessed around Rs.64/Kg for bulk quantity.

Booking Scenario

INDIA& INTERNATIONAL

• This week N hexane prices increased heavily in domestic market. Prices were assessed around Rs.64/Kg for bulk quantity.
• CIF India values were assessed in the range of USD 720-740/MT, reduced heavily by USD 100/MT for this week.
• Market sentiments in current scenario continue to remain uncertain. Experts believed that after Lunar holidays market prices will soar up. On contrary there has been constant weakening of prices in China market. Demand from end user has pulled down heavily in turn leading to weakening of prices. This slowdown is expected to last for few more weeks.
• This week oil prices have followed volatile inclination. Oil prices edged higher in choppy trade on Thursday, supported by a pickup in equity markets but pressured by expectations that crude supply will exceed demand later this year.
• On Thursday, closing crude values have increased. WTI on NYME closed at $61.19/bbl; prices have increased by $0.23/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.23/bbl in compared to last trading and was assessed around $65.12/bbl.
• Rising global oil demand, along with supply constraints from the OPEC, has helped keep oil above $60 a barrel.
• As per report, global oil demand is expected to pick up this year but supply is growing at a faster pace, leading to a rise in inventories in the first quarter of 2018. U.S. oil output hit a record 10.38 million barrels per day. OPEC expects to lose market share as output from non-OPEC nations soars.

$1 = Rs. 64.93
Import Custom Ex. Rate USD/INR: Rs. 65.80
Export Custom Ex. Rate USD/INR: Rs. 64.15