N Hexane Weekly Report 25 Nov 2017

Weekly Price Trend: 20-11-2017 to 24-11-2017

• The above given graph focuses on the N Hexane price trend for the current week.
• Prices were assessed at the level of Rs.49.5/Kg in this week, with an hike of Rs. 0.50/Kg in values in compare to last week’s closing values.
• By end of the week prices were assessed around Rs.49./Kg for bulk quantity.

Total import at various ports in the month of October 2017

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

Booking Scenario

INDIA& INTERNATIONAL

• This week N hexane prices remained soft-to-stable in domestic market. Prices were assessed around Rs.49/Kg for bulk quantity.
• The market has been operating on higher note past few weeks.
• CIF India values were assessed in the range of USD 790-810/MT increased by USD 30/MTS for this week.
• Market trends remained stable to positive for this week. Market has improved in this week.
• There has been huge cult in the petrochemical production output in China since January to October. On an average production growth has slowdown for 8.5 % to 3.9%. This has been due to extra consciousness of communist government of China in environmental issues. The quality of air has been regarded as worst in Chin since past few years. To overcome such issues the government has decided to put an cult on the petchem production. The Beijing-Tianjin-Hebei Region has been constantly monitored by the government.
• Industry sources expect the environmental measures to be adopted in the eastern and southern parts of China as well, and could mean a further curtailment to the country's overall petrochemical supply that will consequently drive up prices.
• There “is likely to be significant disruption to existing chemicals’ capacity” amid China’s environmental protection campaign.
• Over the last 18 months, the focus on environmental protection and supply reform, such as reducing overcapacity, has intensified in China.
• Thousands of small-scale downstream plants have had to shut following waves of nationwide inspections instigated by China’s Ministry of Environmental Protection (MEP) on domestic factories' compliance with regulations.

$1 = Rs. 64.70
Import Custom Ex. Rate USD/INR: Rs. 66.20
Export Custom Ex. Rate USD/INR: Rs. 64.50