Toluene Weekly Report 04 August 2018

Weekly Price Trend: 30-07-2018 to 03-08-2018

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

• This week prices have increased. By the end of the week domestic prices were assessed at Rs 57.5/Kg for bulk quantity for Kandla and Rs 58/kg for Mumbai ports of India.

Booking Scenario

INDIA&INTERNATIONAL

• This week domestic market price was assessed at Rs 57.5/kg for Kandla and Rs. 58/kg for Mumbai ports of India.
• CFR India prices were evaluated at USD 840/mt, prices have increased in compares to previous week.
• This week Toluene prices have increased on account of bullish demand sentiments from end users.
• CFR China price of toluene were assessed at the level of USD 815/mt.
• FOB Korea prices were evaluated at USD 790/mt prices has increased in compare to previous week.
• CFR south East Asia price were evaluated at USD 800/mt.
• China's Zhoushan Hbon Chemical plans maintenance of aromatics unit.
• This week toluene prices have escalated on account of increase in demand from end users.
• This week oil prices have followed mixed trend. On Thursday oil prices traded slightly higher, reversing course after a report that crude stockpiles at the U.S. storage hub at Cushing, Oklahoma fell in the latest week.U.S. stockpiles have been in the spotlight because they rose unexpectedly last week, stoking fears that the market is becoming oversupplied.
• On Thursday, closing crude values have increased. WTI on NYME closed at $68.96/bbl. Prices have increased by $1.30/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $1.06/bbl in compare to last closing price and was assessed around $73.45/bbl.

 $1 = Rs. 68.60
 Import Custom Ex. Rate USD/ INR: 69.25
 Export Custom Ex. Rate USD/ INR: 67.55