N Hexane Weekly Report 20 Jan 2018

Weekly Price Trend: 15-01-2018 to 19-01-2018

• 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, reduced by Rs.1/Kg for this week.
• By end of the week prices were assessed around Rs.62/Kg for bulk quantity.

Total import at various ports in the month of December 2017

The above chart depicts the import of N Hexane at various ports of India in the month of December 2017. There has been slowdown in imports in compare to last few months.

Booking Scenario

INDIA& INTERNATIONAL

• This week N hexane prices reduced 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 increased by USD 10/MTS in compare to last week’s closing values.
• Oil prices have followed volatile trend this week. On Thursday Oil rebounded after slipping below $69 a barrel, supported by a record drawdown of U.S. crude stockpiles at the Cushing, Oklahoma delivery hub, despite concerns that OPEC-led output cuts will increase supply from the United States.
• On Thursday, closing crude values have decreased. WTI on NYME closed at $63.95/bbl; prices have decreased by $0.02/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $0.07/bbl in compared to last trading and was assessed around $69.31/bbl.
• As per report, the upside is now limited for oil prices. U.S. oil producers will ramp up production in the coming months. Some traders said that prices were unlikely to fall far due to the OPEC-led curbs and the risk of further disruptions.

$1 = Rs. 63.85
Import Custom Ex. Rate USD/INR: Rs. 64.80
Export Custom Ex. Rate USD/INR: Rs. 63.10