Toluene Weekly Report 10 Aug 2018

Weekly Price Trend: 06-08-2018 to 10-08-2018

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

• This week prices have increased. By the end of the week domestic prices were assessed at Rs 60.5/Kg for bulk quantity for Kandla and Rs 60.5/kg for Mumbai ports of India.

Booking Scenario

INDIA&INTERNATIONAL

• This week domestic market price was assessed at Rs 60.5/kg for Kandla and Rs.60.5/kg for Mumbai ports of India.
• CFR India prices were evaluated at USD 850/mt, prices have increased in compares to previous week.
• This week Toluene prices have increased on account of bullish demand sentiments from end users.
• CFR China price of toluene were assessed at the level of USD 825/mt.
• FOB Korea prices were evaluated at USD 805/mt prices has increased in compare to previous week.
• CFR south East Asia price were evaluated at USD 820/mt.
• As per report, East China toluene prices drop after initial hikes.
• This week the US-China trade war moved up to the next level when first the US and then China pledged to activate the second tranche of $16bn in 25% tariffs against each other on 23 August.
• For the first time chemicals are targeted by both countries this may have impacts for trade flows across many value chains.
• This week toluene prices have escalated on little improved demand from industry plauyers.
• This week oil prices have followed volatile trend. On Thursday Crude prices held near lower levels set in the previous session, as the escalating China-U.S. trade dispute cast doubt on the outlook for oil demand.

 $1 = Rs. 68.87
 Import Custom Ex. Rate USD/ INR: 69.25
 Export Custom Ex. Rate USD/ INR: 67.55