Toluene Weekly Report 09 Dec 2017

Weekly Price Trend: 04-12-2017 to 08-12-2017

• 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 50.5/Kg for bulk quantity for Kandla and Rs 50.5/kg for Mumbai ports of India.

Booking Scenario

INDIA&INTERNATIONAL

• This week domestic market price was assessed at Rs 50.5/kg for Kandla and Rs. 50.5/kg for Mumbai ports of India.
• CFR India prices were evaluated at USD 760/mt, prices have decreased in compares to previous week.
• CFR China price of toluene were assessed at the level of USD 700/mt.
• FOB Korea prices were evaluated at USD 690/mt prices has increased in compare to previous week.
• This week market has remained soft-to-stable no major deals and discussion has been heard.
• Asian toluene prices have ascertained on scrawny note on feeble escalation, said by marekt players.
• South China toluene prices plunged on weak buying response.
• China's Toluene output declined by 8.8% on month in November.
• On Friday oil prices dipped as the U.S. dollar strengthened, although OPEC-led supply cuts are seen supporting markets going into next year.
• Crude oil prices have remained mixed through the week. Oil rose on Thursday in a sign that investors are doubtful of pushing the market lower in response to an unexpectedly large rise in U.S. stocks of refined products that has increased concern about the demand outlook.
• On Thursday, closing crude values have increased. As per market players, Soaring U.S. output threatens to undermine efforts led by the OPEC and Russia to bring production and demand into balance following years of oversupply. The market suggests that the bull market is not as strong as earlier predicted. Oil prices saw a sharp 2.9 percent decline after the US published its inventory data. Analysts expect that oil prices to move in a price band of USD 45 to USD 60 for the calendar year 2018.

 $1 = Rs. 64.46
 Import Custom Ex. Rate USD/ INR: 65.40
 Export Custom Ex. Rate USD/ INR: 63.70