Toluene Weekly Report 10 June 2017

Weekly Price Trend: 05-06-2017 to 09-06-2017
 

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

• This week prices have followed firm trend. By the end of the week domestic prices were assessed at Rs 44/Kg for bulk quantity for Kandla and Rs.44/kg for bulk quantity for Mumbai ports of India.

Booking Scenario

 
INDIA&INTERNATIONAL

• This week domestic market price was assessed at Rs 44/kg for Kandla and Rs. 44/kg for Mumbai ports of India.
• CFR India prices were evaluated at USD 670/mt, prices have decreased in compares to previous week.
• CFR China price of toluene were assessed at the level of USD 645/mt.
• FOB Korea prices were evaluated at USD 670/mt prices has decreasedin compare to previous week.
• This week East China domestic toluene prices rise amid few offers.
• S Korea’s Lotte Chem shut its Daesan aromatics unit for catalyst change.
• Despite a drop in downstream benzene rates, toluene prices edged higher in Asia this week. The price rise was prompted by improved buying sentiments in the region.
• This week crude oil prices followed volatile trend with downward velocity. On Thursday oil prices fell due to an unexpected surge in U.S. inventories from signs of rising output in Libya and Nigeria to the crude market, as two OPEC members exempt from production cuts.
• WTI on NYME closed at $45.64/bbl, prices have decreased by $0.08/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $0.20/bbl in compared to last trading and was assessed around $47.86/bbl.   

 $1 = Rs. 64.24          
 Import Custom Ex. Rate USD/ INR: 65.35
 Export Custom Ex. Rate USD/ INR: 63.70