Toluene Weekly Report 07 April 2018
Weekly Price Trend: 02-04-2018 to 06-04-2018
- The above given graph focuses on the Toluene price trend for current week.
- This week prices have escalated. By the end of the week domestic prices were assessed at Rs 52.5/Kg for bulk quantity for Kandla and Rs 52.5/kg for Mumbai ports of India.
Booking Scenario
INDIA&INTERNATIONAL
- This week domestic market price was assessed at Rs 51/kg for Kandla and Rs. 51/kg for Mumbai ports of India.
- CFR India prices were evaluated at USD 750/mt, prices have increased in compares to previous week.
- CFR China price of toluene were assessed at the level of USD 705/mt.
- FOB Korea prices were evaluated at USD 695/mt prices has increased in compare to previous week.
- For the month of April Europe toluene contract price increased on uncertain supply situation.
- This week toluene prices have increased on increase in demand from end users in domestic market.
- Fire has been reported at Daesan based aromatic unit in South Korea. According to company sources, the fire erupted on Thursday and soon was under control but it caused major damage to pipelines. The plant has been shut down temporarily and no clear date has been specified yet about the restsart of the unit.
- The unit is based at Daesan in South Korea and has the manufacturing capacity of 240,000 mt/year of benzene, 120,000 mt/year of toluene and 72,000 mt/year of solvent-MX.
- This week crude oil prices have remained volatile. On Thursday oil prices increased from gains in U.S. equities markets as trade tensions between China and the United States eased, but the advance was limited by strength in the dollar.
- On Thursday, closing crude values have increased. WTI on NYME closed at $63.54/bbl; prices have decreased by $0.17/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.31/bbl in compared to last trading and was assessed around $68.33/bbl.
$1 = Rs. 64.96
Import Custom Ex. Rate USD/ INR: 65.90
Export Custom Ex. Rate USD/ INR: 64.20
