Toluene Weekly Report 12 Aug 2017

Weekly Price Trend: 07-08-2017 to 11-08-2017

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

• This week prices have followed volatile trend. By the end of the week domestic prices were assessed at Rs 45Kg for bulk quantity for Kandla and Mumbai ports of India.

Booking Scenario

 
INDIA&INTERNATIONAL

• This week domestic market price was assessed at Rs 45/kg for Kandla and Rs. 45/kg for Mumbai ports of India.
• CFR India prices were evaluated at USD 685/mt, prices have increased 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 630/mt prices has increasedin compare to previous week.
• This week toluene prices have increased in domestic market on account of increase demand sentiment from end users.
• In near term it is anticipated that toluene prices will go down due to weaker upstream crude and gasoline values coupled with dull buying sentiments in the region.
• As per report, East China toluene prices have plunged due to lackluster demand sentiments from end users.
• China mixed aromatics import losses narrow slightly on lower costs.
• This week crude oil prices have followed volatile trend and on Thursday market closed on weak note. Oil prices fell more than 1.5 percent on Thursday, to hit two-week lows, dragged lower by persistent oversupply worries despite a bigger-than-expected drawdown in U.S. crude inventories.
• On Thursday, closing crude values have decreased.WTI on NYME closed at $48.59/bbl, prices have decreased by $0.97/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $0.80/bbl in compared to last trading and was assessed around $51.90/bbl.

  $1 = Rs. 64.13         
 Import Custom Ex. Rate USD/ INR: 64.55
 Export Custom Ex. Rate USD/ INR: 62.85