Toluene Weekly Report 14 Dec 2018

Weekly Price Trend: 10-12-2018 to 14-12-2018

• The above given graph focuses on the Toluene price trend for current week.
• This week prices have decreased. By the end of the week domestic prices were assessed at Rs 53/Kg for bulk quantity for Kandla and Rs 53/kg for Mumbai ports of India.

Booking Scenario

INDIA&INTERNATIONAL 

• This week domestic market price was assessed at Rs 53/kg for Kandla and Rs.53/kg for Mumbai ports of India.
• CFR India prices were evaluated at USD 610/mt, decreased by USD20/MT in compare in to last week’s closing values. CFR China price of toluene were assessed at the level of USD 617/mt.
• FOB Korea prices were evaluated at USD 585/mt, remained unchanged in compare to previous week.
• CFR south East Asia price were evaluated at USD 630/mt. Benzene FOB Korea prices declined by more than USD 40/MT in this week. FOB Korea values were assessed around USD 600/MT. On other side CFR China prices were assessed USD 625/MT for this week.
• Price remained vulnerable for this week in crude market. Earlier prices slowed down on Wednesday with impact of publish of data by US of crude supplied.
• Crude prices stood up on back of easing trade tension as well as decline in inventory levels. Ease in trade discussion between China and US has been a relief across the global market.
• Further decline in US crude stock has also pulled up the prices and boosted the sentiment. The crude prices have direct impact on petrochemical prices. Earlier OPEC stated that in 2019 demand for crude would fall to 31.44 million barrels per day, 100,000 bpd less than predicted last month and 1.53 million less than it currently produces.  

 $1 = Rs. 71.97

 Import Custom Ex. Rate USD/ INR: 71.75

 Export Custom Ex. Rate USD/ INR: 70.05