N Hexane Weekly Report 23 Dec 2017

Weekly Price Trend: 18-12-2017 to 22-12-2017

• The above given graph focuses on the N Hexane price trend for the current week.
• Prices were assessed at the level of Rs.56/Kg in this week, increased slightly in values in compare to last week’s closing values.
• By end of the week prices were assessed around Rs.55/Kg for bulk quantity.

Total import at various ports in the month of November 2017

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

Booking Scenario

INDIA& INTERNATIONAL

• This week N hexane prices remained stable-to-firm in domestic market. Prices were assessed around Rs.55/Kg for bulk quantity.
• CIF India values were assessed in the range of USD 770-790/MT reduced by USD 40/MTS in compare to last week’s closing values.
• Slowdown in values has been due to weakening of demand in downstream products.
• This week oil prices have followed mixed trend and closed on higher note. On Thursday, Oil prices higher, erasing earlier losses as Britain's Forties pipeline in the North Sea was expected to restart in early January after repairs over Christmas. Forties is the largest of the five North Sea crudes that underpin Brent, a benchmark for oil trading in Europe, the Middle East, Africa and Asia.
• On Thursday, closing crude values have increased. WTI on NYME closed at $58.36/bbl; prices have increased by $0.27/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.34/bbl in compared to last trading and was assessed around $64.90/bbl.
• As per market report, based on current estimates the company expects to bring the pipeline progressively back to normal rates early in the new year. Oil prices were also supported by falling crude inventories in the United States but capped by output that is fast approaching 10 million barrels per day.
• As me market predictors said that the first few months of 2018 to be either flat or a build in inventories, as it is typically the case with the seasonality in the oil market.

$1 = Rs. 64.04
Import Custom Ex. Rate USD/INR: Rs. 64.90
Export Custom Ex. Rate USD/INR: Rs. 63.20