N Hexane Weekly Report 28 April 2018

Weekly Price Trend: 23-04-2018 to 27-04-2018

• The above given graph focuses on the N Hexane price trend for the current week.
• Prices were assessed at the level of Rs.62/Kg in this week, an increase of Rs.1/Kg in compare to last week’s assessed values.

Booking Scenario

INDIA& INTERNATIONAL

• This week N hexane prices increase slightly in domestic market. Prices were assessed around Rs.62/Kg for bulk quantity.
• CIF India values were assessed in the range of USD 820-840/MT, with no change for this week.
• PTT Global Chemical is planning to shut its cracker no1 for maintenance turnaround. The cracker will undergo maintenance in September 2018. The unit is likely to remain off-stream 40 days. The unit is based at Map Ta Phut in Thailand and has the production capacity of 460,000 mt/year and a propylene production capacity of 125,000 mt/year.
• This week oil prices have followed little volatility at the end of the week prices have escalated. On Thursday oil prices increased, supported by expectations of renewed U.S. sanctions on Iran, declining output in Venezuela and ongoing strong demand.
• On Thursday, closing crude values have increased. WTI on NYME closed at $68.19/bbl; prices have increased by $0.14/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.74/bbl in compared to last trading and was assessed around $74.74/bbl.
• Venezuela's plunging output and looming U.S. sanctions against Iran come against a backdrop of strong demand, especially in Asia, the world's biggest oil consuming region. However, not all market indicators point towards tighter supplies. Soaring U.S. oil production and exports are holding back further price gains.

$1 = Rs. 66.66
Import Custom Ex. Rate USD/INR: Rs. 66.70
Export Custom Ex. Rate USD/INR: Rs. 65.00