N Hexane Weekly Report 23 Sep 2017

Weekly Price Trend: 18-09-2017 to 22-09-2017

• The above given graph focuses on the N Hexane price trend for the current week.
• Prices were assessed at the level of Rs.47/Kg in this week, with slight hike in values in compare to last week’s closing values.
• By end of the week prices were assessed around Rs.47s/Kg for bulk quantity.

Total import at various ports in the month of August 2017

The above chart depicts the import of N Hexane at various ports of India in the month of  August 2017.

Booking Scenario

INDIA& INTERNATIONAL

• This week N hexane prices increased in domestic market. Prices were assessed around Rs.47/Kg for bulk quantity.
• Prices in international market witnessed an upward trend. CIF India prices of N Hexane were assessed at the level of USD 720-740/MTS, improved by USD 10/MTS in compare to last week’s assessed values.
• This week there has been significant hike in crude values. Prices has reached too its highest level since April in this year. Crude values rose above $ 50/barrel for the first time. Both the contracts have increased by more than 19% since /June.
• This week oil prices followed mixed trend. Oil prices were steady on Thursday ahead of a meeting of oil producers that could extend production limits aimed at clearing a glut that has depressed the market for more than three years. As per report, Ministers from the OPEC, Russia and other producers meet in Vienna on Friday and are due to consider extending output cuts that began in January.
• On Thursday, closing crude values have mixed.WTI on NYME closed at $50.55/bbl, prices have decreased by $0.14/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.14/bbl in compared to last trading and was assessed around $56.43/bbl. Presently many analysts anticipate that OPEC to extend the deal, possibly to the end of next year.

$1 = Rs. 64.79
Import Custom Ex. Rate USD/INR: Rs. 64.90
Export Custom Ex. Rate USD/INR: Rs. 63.25