N - Hexane Methodology

N Hexane

  • Company Updates is one of our vital services. Some of the major Indian company updates are provided on our website. Reliance and BPCL are the major N Hexane manufacturers in India. Once the information is received about price changes, at first it is confirmed and then immediate alerts in the form of SMS’s are directly sent to the subscribers.

  • In India N Hexane is majorly imported on Kandla and Mumbai ports. Ennore, Kakinada and Calcutta are the other ports where N Hexane is being imported but not in huge quantity.

  • For daily price, we follow the same procedure as mentioned above in the Daily pricing methodology.

  • For international prices our team regularly communicates with key participants in order to gain information about the international market

  • Here we ask the key participants to bid their prices. We make sure that all the entities submit the relevant documents to make the price assessment more relevant and appropriate.

  • By Friday noon the bidding window is closed. As mentioned earlier, along with the prices the participants submit the key documents in order to support their prices.

  • Our team analyse these prices on several factors. Here market dimensions are studied well. Company rationale, traders documents, current market scenario, last week’s assessed prices, order sizes, quantity details, traded quantity, ordered quantity, delivery information  are some of the key factors taken into consideration.

  • Since N Hexane is one of the products of Gasoline. Any fluctuation in its prices has direct impact on the chemical price. Therefore Gasoline prices are always taken into consideration while assessing the price.

  • Later a comparative analysis is being carried out for all the prices. In the end, price which is more suitable and prompt is decided. Inference of this analysis is published in our market report as international price.

  • This assessed information is then published in our weekly report.

  • For CFR India, cost and freight is included. For FOB the prices does not include the shipping charges.

  • FOB (Freight on Board) prices is generally taken or the material being imported from Korea.

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