Toluene Weekly Report 09 Sep 2017

Weekly Price Trend: 04-09-2017 to 08-09-2017

• 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 54Kg for bulk quantity for Kandla and Mumbai ports of India.

Booking Scenario

 
INDIA&INTERNATIONAL

• This week domestic market price was assessed at Rs 54/kg for Kandla and Rs. 54/kg for Mumbai ports of India.
• CFR India prices were evaluated at USD 705/mt, prices have increased in compares to previous week.
• CFR China price of toluene were assessed at the level of USD 680/mt.
• FOB Korea prices were evaluated at USD 655/mt prices has increasedin compare to previous week.
• Toluene prices in Asia higher. The increase was recognized to higher upstream crude values limited availability of product and increase in feedstock benzene prices in the region.
• Europe Sept toluene fully settled, spot still firm as export demand picks up.
• This week oil prices have followed mixed trend. Oil futures eased on Thursday on a slightly bigger-than expected U.S. crude inventory build as the restart of U.S. refiners after Hurricane Harvey was being countered by the threat of Hurricane Irma.
•  On Thursday, closing crude values have remained mixed.WTI on NYME closed at $49.09/bbl, prices have decreased by $0.07/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $0.29/bbl in compared to last trading and was assessed around $54.49/bbl. As per market players supplies of crude remained sufficient to meet demand.

  $1 = Rs. 63.78         
 Import Custom Ex. Rate USD/ INR: 64.90
 Export Custom Ex. Rate USD/ INR: 63.25