Toluene Weekly Report 03 Feb 2018

Weekly Price Trend: 29-01-2018 to 02-02-2018

• The above given graph focuses on the Toluene price trend for current week.

• This week prices have remained firm. By the end of the week domestic prices were assessed at Rs 50.5/Kg for bulk quantity for Kandla and Rs 50.5/kg for Mumbai ports of India.

Booking Scenario

INDIA&INTERNATIONAL

• This week domestic market price was assessed at Rs 50.5/kg for Kandla and Rs. 50.5/kg for Mumbai ports of India.
• CFR India prices were evaluated at USD 790/mt, prices have remained in compares to previous week.
• CFR China price of toluene were assessed at the level of USD 760/mt.
• FOB Korea prices were evaluated at USD 745/mt prices has remained firm in compare to previous week.
• This domestic toluene prices have remained firm as market is moving with firm velocity.
• Toluene buying interest weakens in east China ahead of holiday.
• Taiwan’s CPC Corp raises No7 aromatics unit run rate to 70-80%.
• This week oil prices have followed volatile trend. Goldman Sachs on Thursday raised its 2018 oil price forecasts, projecting that Brent crude will soon top $80, fueled by blockbuster oil demand, a deal among big producers to limit output and U.S. drillers' inability to meet the world's growing energy appetite.
• On Thursday, closing crude values have increased. WTI on NYME closed at $65.80/bbl; prices have increased by $1.07/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.03/bbl in compared to last trading and was assessed around $69.08/bbl.

 $1 = Rs. 64.06
 Import Custom Ex. Rate USD/ INR: 64.50
 Export Custom Ex. Rate USD/ INR: 62.85