Toluene Weekly Report 13 December 2019

 Weekly Price Trend: 09-12-2019 to 13-12-2019

• The above given graph focuses on the Toluene price trend for current week. There has been improvement in prices for this week.
• This week prices remained firm and stable for most of the week. By end of the week prices were assessed at the level of Rs.59/Kg for bulk quantity for Kandla and for Mumbai Rs.60/Kg for bulk quantity.

Booking Scenario

INDIA & INTERNATIONAL

•  This week domestic market price was assessed at Rs.59/kg for bulk quantity for Kandla and Rs.60/Kg for Mumbai port.
• CFR India prices were evaluated at USD 705/MT, slightly reduced by USD 10/MT in international prices for this week. This decline has been accommodated in compliance to crude values in international market.
• CFR China price of toluene were assessed at the level of USD 673/MT, slightly improved for this week.CFR SEA prices for this week were assessed around USD 720/MT
• Benzene the major source for aromatic products also increased for this week. FOB Korea values for Benzene were assessed around USD 709/MT for this week, increased by USD 9/MT for this week, while CFR China prices were assessed at the level of USD 730/MT for this week.
• Oil prices extended gains this week. There has been hike in values as the United States and China moved closer to a resolution to the 18-month trade war between the world's two biggest economies that has raised big questions about global demand for crude.
•  While a trade deal that would end uncertainty could provide a shot in the arm for oil demand in the near term, concerns continue to hover about the demand profile amid ample supplies going forward.
•  In the meantime the White House has agreed to suspend some tariffs on Chinese goods and reduce others in return for Beijing's pledge to hike purchases of US farm products in 2020,
• On Thursday, closing crude values have increased. WTI on NYME closed at $59.18/bbl. Prices have increased by 0.42/bbl in compared to last closing prices. While Brent on Inter Continental Exchange is increased by 0.48/bbl in compare to last closing price and was assessed around $64.20/bbl.

$ 1 = Rs. 70.81

Import Custom Ex. Rate USD/ INR: 72.40                                            

Export Custom Ex. Rate USD/ INR: 70.70