N Hexane Weekly Report 29 April 2017

Weekly Price Trend: 24-04-2017 to 28-04-2017

• The above given graph focuses on the N Hexane price trend for the current week.
• Prices were assessed at the level of Rs.48/Kg in this week, with a decrease of Rs.3/Kg for bulk quantity.
• By end of the week prices were assessed around Rs.48/Kg for bulk quantity.

Booking Scenario

INDIA& INTERNATIONAL

• This week N hexane prices reduced in domestic market and were assessed around Rs.48/Kg for bulk quantity.
• On contrary, market seen higher trend in international prices. CIF India prices of N Hexane were assessed at the level of USD 670-690/MTS, with an increase of USD 10/MTS in compare to last week’s assessed values.
• Throughout the week oil prices remained volatile. As per recent records oil prices reduced sharply.WTI from $53 a barrel, down to $48 while Brent declined from $55 to $51. The falling oil means weakening of economy, the reality is that oil is being driven by increased supply. On Thursday oil prices have plunged as the resume of two key Libyan oilfields and concerns about dreary gasoline demand fed concern over whether major oil producers can lessen the glut of global inventories.
• On Thursday, closing crude values have decreased.WTI on NYME closed at $48.97/bbl, prices have increased by $0.65/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $0.38/bbl in compared to last trading and was assessed around $51.44/bbl.
• As per market analyst As gas prices dropped, it created an undertow for the entire crude oil market. The outlook for oil prices will remain unstable. Decline in crude prices and therefore petroleum product prices also means corresponding reduction in prices of some of the raw materials for the petrochemical industry. Hence, it can be a factor in improving the profitability of that industry.

$1 = Rs. 64.24
Import Custom Ex. Rate USD/INR: Rs. 65.55
Export Custom Ex. Rate USD/INR: Rs. 63.85