N Hexane Weekly Report 22 July 2017
Weekly Price Trend: 17-07-2017 to 21-07-2017
- The above given graph focuses on the N Hexane price trend for the current week.
- Prices were assessed at the level of Rs.43/Kg in this week, with no change in compare to last week’s closing values.
- By end of the week prices were assessed around Rs.45/Kg for bulk quantity.
Total import at various ports in the month of June 2017
The above chart depicts the import of N Hexane at various ports of India in the month of June 2017.
Booking Scenario
INDIA& INTERNATIONAL
- This week N hexane prices remained unchanged in domestic market. Prices were assessed around Rs.43/Kg for bulk quantity.
- Prices in international market remained unchanged for this week. CIF India prices of N Hexane were assessed at the level of USD 630-650/MTS, with no change in compare to last week’s assessed values.
- This week oil prices have followed volatile trend in the market. Oil prices jumped more than 1 percent on Wednesday after a U.S. report showed a bigger weekly draw than forecast in crude and gasoline stocks along with a surprise drop in distillate inventories.
- On Thursday, oil settled lower in uneven trading. Closing crude values have decreased.WTI on NYME closed at $46.92/bbl, prices have decreased by $0.40/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 $49.30/bbl.
- Russia is ready to continue working with OPEC to help rebalance oil markets, Moscow welcomed a flexible approach by OPEC's leader Saudi Arabia to accommodate rising output from Nigeria and Libya, said by source.
- Market players predicted that prices would hold near current levels ahead of Monday's meeting between key OPEC and non-OPEC producers in St. Petersburg, Russia. The market has been watching reports that Saudi Arabia, the world's largest crude producer, is considering an additional supply cut to reduce the global glut.
$1 = Rs. 64.32
Import Custom Ex. Rate USD/INR: Rs. 65.65
Export Custom Ex. Rate USD/INR: Rs. 63.95
