N Hexane Weekly Report 20 May 2017

Weekly Price Trend: 15-05-2017 to 19-05-2017

• The above given graph focuses on the N Hexane price trend for the current week.
• Prices were assessed at the level of Rs.45/Kg in this week, with a slight fall in prices for bulk quantity.
• By end of the week prices were assessed around Rs.45/Kg for bulk quantity.

Total import at various ports in the month of April 2017

The above chart depicts the import of N Hexane at various ports of India in the month of April 2017.

Booking Scenario

INDIA& INTERNATIONAL

• This week N hexane prices soft-to-stable in domestic market and were assessed around Rs.45/Kg for bulk quantity.
• Prices in international market increased slightly for this week. CIF India prices of N Hexane were assessed at the level of USD 640-660/MTS, with an increase of USD 10/MTS in compare to last week’s assessed values.

• This week overall crude oil prices plunged with little instability Recent announcements by Russia and Saudi Arabia have helped oil prices to recover and several analysts have highlighted the energy sector as a potential play for investors.
• According to recent reports, Russia and Saudi Arabia has announced about the cut in supply of oil to be extended for another nine months i.e till arch 2018.are likely tp discuss this matter in their next meeting.
• Experts from tm the oil market believe that Russia and other major producers could help drive oil prices back to $60 per barrel or more with a new production deal, but again that would be a green signal for U.S. shale drillers. This drive even could bring the oil to range in $60 oil the end of the year, but the gains are not expected to spike much higher.
• On Thursday, closing crude values have increased.WTI on NYME closed at $49.35/bbl, prices have increased by $0.28/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 $52.51/bbl. 

$1 = Rs. 64.64
Import Custom Ex. Rate USD/INR: Rs. 65.30
Export Custom Ex. Rate USD/INR: Rs. 63.60