Toluene Weekly Report 04 March 2017

Weekly Price Trend: 27-02-2017 to 03-03-2017

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

• This week prices have followed volatile trend. By the end of the week domestic prices were assessed Rs 52.5/Kg for bulk quantity for Kandla and Rs.52.5/kg for bulk quantity for Mumbai ports of India.

Booking Scenario

 
INDIA&INTERNATIONAL

• This week domestic market price was assessed at Rs 52.5/kg for Kandla and Rs. 52.5/kg for Mumbai ports of India.
• CFR India prices were evaluated at USD 750/mt, prices have decreased in compares to previous week.
• As per market report, toluene cargo is about to come to East China port from 1st to 10th March.
• North China Petrochemical is planning for maintenance at Renqiu aromatics plant.
• Oil prices have followed fluctuating trend during the week. Oil prices headed lower on Thursday to log their lowest finish in about three weeks, as U.S. government data showed that domestic crude inventories hit a record and production edged higher last week.
• As per market source the high crude stockpile levels in the U.S. is the number one reason behind oil’s recent inability to climb. On Friday oil prices jump as he United States imposed sanctions on some Iranian individuals and entities.
• CFR China price of toluene were assessed at the level of USD 705/mt.
• FOB Korea prices were evaluated at USD 685/mt prices has decreasedin compare to previous week.

  $1 = Rs. 66.81                                                  
 Import Custom Ex. Rate USD/ INR: 67.65
 Export Custom Ex. Rate USD/ INR: 66.00