Toluene Weekly Report 12 May 2018

Weekly Price Trend: 07-05-2018 to 11-05-2018

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

• This week prices have escalated. By the end of the week domestic prices were assessed at Rs 58/Kg for bulk quantity for Kandla and Rs 58/kg for Mumbai ports of India.

Booking Scenario

INDIA&INTERNATIONAL

• This week domestic market price was assessed at Rs 58/kg for Kandla and Rs. 58/kg for Mumbai ports of India.
• CFR India prices were evaluated at USD 840/mt, prices have increased in compares to previous week.
• CFR China price of toluene were assessed at the level of USD 820/mt.
• FOB Korea prices were evaluated at USD 795/mt prices has increased in compare to previous week.
• This week Toluene prices rose. The market was characterized as extremely tight and was expected to remain same in the near term.
• This week with the increase in oil prices toluene prices also have escalated.
• China’s petrochemical imports from Iran are not expected to take a major hit upon the US’ re-imposition of sanctions against the Middle Eastern country.
• US President Donald Trump’s decision to pull out of the 2015 nuclear deal with Iran will have a lot of consequences for the global chemical industry, as well as for Iran’s domestic sector.
• This week with the little volatility oil prices have escalated sharply. On Thursday as traders adjusted to the prospects of renewed U.S. sanctions against major crude exporter Iran amid an already tightening market.
• On Thursday, closing crude values have decreased. WTI on NYME closed at $69.06/bbl; prices have decreased by $1.67/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $1.32/bbl in compared to last trading and was assessed around $74.85/bbl.

 $1 = Rs. 67.33
 Import Custom Ex. Rate USD/ INR: 67.50
 Export Custom Ex. Rate USD/ INR: 65.80