C9 Weekly Report 21 April 2018

Weekly Price Trend: 16-04-2018 to 20-04-2018

• The above given graph focuses on the C9 price trend for the current week.
• Domestic prices of C9 remained stable to firm for this week. Prices were assessed at the level of Rs.55/Kg for bulk quantity by closing of market.

Booking Scenario

INDIA& INTERNATIONAL

• Domestic prices remained firm for this week. Prices were assessed at the level of Rs.55/Kg for bulk quantity.
• Prices in international market increased heavily for this week due to sudden hike in crude values. CIF India prices were assessed at the level of USD 780-800/MTS increased by USD 25/MTS in one week.
• The prices have seen a new height in crude sector since 2014 due to ongoing in global supply with Saudi Arabia intending for prices to still go high in the international market.
• The previous oversupply of crude is no more in the international market. Experts believe that reaching the marl of $ 70 is very near in the future.
• Oil prices have escalated through the week but on Thursday prices have remained mixed. On Thursday, closing crude values have decreased. WTI on NYME closed at $68.29/bbl; prices have decreased by $0.18/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.30/bbl in compared to last trading and was assessed around $73.78/bbl.

1$ = Rs. 66.03
Import Custom Ex. Rate USD/ INR: 66.70
Export Custom Ex. Rate USD/ INR: 66.00