N Hexane Weekly Report 18 Nov 2017

Weekly Price Trend: 13-11-2017 to 17-11-2017

• The above given graph focuses on the N Hexane price trend for the current week.
• Prices were assessed at the level of Rs.49/Kg in this week, with no change in values in compare to last week’s closing values.
• By end of the week prices were assessed around Rs.49/Kg for bulk quantity.

Booking Scenario

INDIA& INTERNATIONAL

• This week N hexane prices remained soft-to-stable in domestic market. Prices were assessed around Rs.49/Kg for bulk quantity.
• The market has been operating on higher note past few weeks.
• CIF India values were assessed in the range of USD 760-790/MT remained unchanged for this week.
• Market trends remained stable to positive for this week. Market will see an upsurge in next few weeks as political tension in Saudi Arabia has been disturbing the petrochemical market all over the world.

• There has been continuous hike in exchange rates for India as well. This in turn tightens the market conditions for importers.
• There has been a constant worry from China market as government over there has become really strict with petrochemical industry regarding pollution and environmental issues. Many units under shut down are unable to go on-stream due to denial from government authorities.

 
$1 = Rs. 67.63
Import Custom Ex. Rate USD/INR: Rs. 66.20
Export Custom Ex. Rate USD/INR: Rs. 64.50