N Hexane Weekly Report 24 Feb 2018

Weekly Price Trend: 19-02-2018 to 23-02-2018

• The above given graph focuses on the N Hexane price trend for the current week.
• Prices were assessed at the level of Rs.57/Kg in this week, reduced by Rs.1/Kg for this week.
• By end of the week prices were assessed around Rs.57/Kg for bulk quantity.

Booking Scenario

INDIA& INTERNATIONAL

• This week N hexane prices reduced slightly in domestic market. Prices were assessed around Rs.57/Kg for bulk quantity.
• CIF India values were assessed in the range of USD 770-790/MT, reduced by USdD70/MTS in compare to last week’s closing values.
• China market remained closed due to Lunar holidays. The activities will resume only after this week.
• This week oil prices have followed mixed trend. Oil prices rose on Thursday, on U.S. crude stocks unexpectedly declined and also by a drop in the dollar.
• On Thursday, closing crude values have increased. WTI on NYME closed at $62.77/bbl; prices have increased by $1.09/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.97/bbl in compared to last trading and was assessed around $66.39/bbl.
• Crude inventories had been forecast to rise 1.8 million barrels, as stocks seasonally increase when refineries cut intake to conduct maintenance. As per source, the unexpected fall in oil inventories in the U.S. should see support for crude oil prices remain strong.

$1 = Rs. 64.73
Import Custom Ex. Rate USD/INR: Rs. 64.50
Export Custom Ex. Rate USD/INR: Rs. 62.85