N Hexane Weekly Report 3 June 2017

Weekly Price Trend: 29-05-2017 to 02-06-2017

• 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 no change in prices 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 remained unchanged and were assessed around Rs.48/Kg for bulk quantity.
• Prices in international market increased significantly for this week. CIF India prices of N Hexane were assessed at the level of USD 650-670/MTS, with a increase of USD 30/MTS in compare to last week’s assessed values.
• This week oil prices remained highly volatile. With a firm decision taken last week by OPEC, Russia and other producers to extend their agreement to curb output by 1.8 million barrels a day for another nine months, in order to rebalance the oil market, the bearish tone in the oil sector resurfaced.
• According to reports, U.S. oil supplies dropped by 6.4 million barrels last week, a positive for the market and a much bigger decline than expected. 
• On Thursday U.S. crude up slightly after a larger-than-expected domestic inventory drawdown.
• Closing crude values on Thursdayincreased.WTI on NYME closed at $48.36/bbl, prices have increased by $0.04/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.02/bbl in compared to last trading and was assessed around $50.33/bbl.
• As per market report, U.S. production increased, and the expectation is that ongoing activity in U.S. shale will continue to boost output, offsetting OPEC efforts.

$1 = Rs. 64.44
Import Custom Ex. Rate USD/INR: Rs. 65.35
Export Custom Ex. Rate USD/INR: Rs. 63.70