Toluene Weekly Report 11 Feb 2017

Weekly Price Trend: 06-02-2017 to 10-02-2017

• 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 Rs 56/Kg for bulk quantity for Kandla and Rs.57/kg for bulk quantity for Mumbai ports of India.

Booking Scenario

INDIA&INTERNATIONAL

• This week domestic market price was assessed at Rs 56/kg for Kandla and Rs. 57/kg for Mumbai ports of India.
• CFR India prices were evaluated at USD 820/mt, prices have increased in compares to previous week.
• CFR China price of toluene were assessed at the level of USD 755/mt.
• FOB Korea prices were evaluated at USD 745/mt prices has increasedin compare to previous week.
• In China market toluene trade remained soft no major deals and discussion has been heard.
• Recently market is moving with soft velocity no major deals and discussion has been heard.
• Crude oil prices have followed fluctuation through the week and at end of the week prices have increased after an unexpected draw in U.S. gasoline inventories pointed to higher demand in the world's biggest oil market.
• As per report U.S. commercial crude inventories rose, high fuel inventories and rising U.S. crude production meant oil markets would be over-supplied for some time, but that they would drain gradually, while the rest of the world already showing signs of tightness.
• The crude oil inventory build was really terrible for the market but the market does not seem to care because the products inventories were better than expected and are dragging crude oil prices up with it.

  $1 = Rs. 66.88                                                   
 Import Custom Ex. Rate USD/ INR: 68.40
 Export Custom Ex. Rate USD/ INR: 66.70