Toluene Weekly Report 08 July 2017

Weekly Price Trend: 03-07-2017 to 07-07-2017

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

• This week prices have followed up trend. By the end of the week domestic prices were assessed at Rs 45Kg for bulk quantity for Kandla and Mumbai ports of India.

Booking Scenario

 
INDIA&INTERNATIONAL

• This week domestic market price was assessed at Rs 45/kg for Kandla and Rs. 45/kg for Mumbai ports of India.
• CFR India prices were evaluated at USD 620/mt, prices have plunged in compares to previous week.
• CFR China price of toluene were assessed at the level of USD 600/mt.
• FOB Korea prices were evaluated at USD 580/mt prices has remained firmin compare to previous week.
• This week toluene prices have remained soft-weak on account of sluggish demand sentiments from end users.
• On account of weak downstream demand Trading activity remained subdued in the Asian toluene market.
• In the domestic markets of China, prices of toluene were assessed down at the Yuan 5000/mt ex-tank levels.
• Sinopec Yangzi Petrochemical to restart aromatics plant.
• CNOOC shuts Huizhou aromatics plant for maintenance.
• East China toluene domestic prices fall amid crude oil slump.
• This week oil prices have followed volatile inclination. On Thursday oil prices closed on slightly up note  after a sharp but short-lived boost from a much bigger-than-expected decline in U.S. inventories of crude oil and gasoline.
• WTI on NYME closed at $45.52/bbl, prices have increased by $0.39/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.32/bbl in compared to last trading and was assessed around $48.11/bbl. Market players said the surge was driven by traders closing out short positions, or bets that oil prices would fall.

 $1 = Rs. 64.59          
 Import Custom Ex. Rate USD/ INR: 65.65
 Export Custom Ex. Rate USD/ INR: 63.95