Toluene Weekly Report 06 Jan 2018
Weekly Price Trend: 01-01-2018 to 05-01-2018
- The above given graph focuses on the Toluene price trend for current week.
- This week prices have plunged. By the end of the week domestic prices were assessed at Rs 48/Kg for bulk quantity for Kandla and Rs 48/kg for Mumbai ports of India.
Booking Scenario
INDIA&INTERNATIONAL
- This week domestic market price was assessed at Rs 48/kg for Kandla and Rs. 48/kg for Mumbai ports of India.
- CFR India prices were evaluated at USD 755/mt, prices have increased in compares to previous week.
- CFR China price of toluene were assessed at the level of USD 725/mt.
- FOB Korea prices were evaluated at USD 705/mt prices has increased in compare to previous week.
- As per report, Toluene, demand is expected to go up in near term as market participants return from the holiday season in the South Korean and Chinese markets.
- This week oil prices have remained little volatile but overall closed on higher note. On Thursday U.S. crude oil prices rise to the highest level in 2½ years as markets tightening amid tensions in Iran and due to ongoing OPEC-led production cuts.
- On Thursday, closing crude values have increased. WTI on NYME closed at $62.01/bbl; prices have increased by $0.38/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.23/bbl in compared to last trading and was assessed around $68.07/bbl.
- As per market analyst, the market is getting more bullish on oil as inventory levels get closer to the five-year average. Geopolitical uncertainty in Iran, OPEC's third largest producer, is also helping to support the price as citizens are again protesting the government.
$1 = Rs. 63.37
Import Custom Ex. Rate USD/ INR: 64.50
Export Custom Ex. Rate USD/ INR: 62.80
