Toluene Weekly Report 07 July 2018

Weekly Price Trend: 02-07-2018 to 06-07-2018

• 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 58/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 58/kg for Kandla and Rs. 57.5/kg for Mumbai ports of India.
• CFR India prices were evaluated at USD 780/mt, prices have decreased in compares to previous week.
• This week Toluene prices have plunged due toweak demand sentiments from end users.
• East China toluene port inventories rise by 20.8% week on week.
• CFR China price of toluene were assessed at the level of USD 750/mt.
• FOB Korea prices were evaluated at USD 740/mt prices has decreased in compare to previous week.
• CFR south East Asia price were evaluated at USD 785/mt.
• The spread between Asia's toluene prices has rebounded after hitting a new 30-day low earlier on 5 July.
• Asia toluene rebounds after two days of losses on improved demand.
• This week oil prices have followed volatile trend. On Thursday Oil fell after U.S. President Donald Trump demanded OPEC cut crude prices, but the market found some support from an Iranian threat to block shipments through the Strait of Hormuz.
• On Thursday, closing crude values have plunged. WTI on NYME closed at $72.94/bbl; prices have plunged by $1.20/bbl in compared to last closing prices. While Brent on Inter Continental Exchange plunged by $ 0.37/bbl in compare to last closing price and was assessed around $77.39/bbl.

 $1 = Rs. 68.87
 Import Custom Ex. Rate USD/ INR: 69.70
 Export Custom Ex. Rate USD/ INR: 68.00