Toluene Weekly Report 10 Feb 2018

Weekly Price Trend: 05-02-2018 to 09-02-2018

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

• This week prices have remained volatile. By the end of the week domestic prices were assessed at Rs 50/Kg for bulk quantity for Kandla and Rs 50/kg for Mumbai ports of India.

Total Imports from January to December 2017

Above graph represents the total imported quantity of Toluene from January to December. As per graph in 2017 Total imported quantity was around 437527MT. In the month of December higher quantity has been imported while in August, imports were lesser.

Booking Scenario

INDIA&INTERNATIONAL

• This week domestic market price was assessed at Rs 50/kg for Kandla and Rs. 50/kg for Mumbai ports of India.
• CFR India prices were evaluated at USD 765/mt, prices have remained in compares to previous week.
• CFR China price of toluene were assessed at the level of USD 745/mt.
• FOB Korea prices were evaluated at USD 730/mt prices has plunged in compare to previous week.
• European toluene prices plunged on decrease in crude oil prices.
• In China market toluene prices have plunged ahead of Lunar New Year holiday.
• This week crude oil prices have followed weak trend. Oil prices fell sharply after the U.S. government reported crude stockpiles rose by 1.9 million barrels. The increasing U.S. oil production and crude stockpiles, and stock market sell-off, piled pressure on oil prices this week. A stronger dollar has also been a prevailing factor the decline. But the supply dynamics are working against a sustained price rally.
• On Thursday, closing crude values have decreased. WTI on NYME closed at $61.15/bbl; prices have decreased by $0.64/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $0.70/bbl in compared to last trading and was assessed around $64.81/bbl.

 $1 = Rs. 64.40
 Import Custom Ex. Rate USD/ INR: 64.50
 Export Custom Ex. Rate USD/ INR: 62.85