Toluene Weekly Report 14 July 2018

Weekly Price Trend: 09-07-2018 to 13-07-2018

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

• This week prices have plunged. By the end of the week domestic prices were assessed at Rs 57.5/Kg for bulk quantity for Kandla and Rs 57.5/kg for Mumbai ports of India.

Booking Scenario

INDIA&INTERNATIONAL

• This week domestic market price was assessed at Rs 57.5/kg for Kandla and Rs. 57.5/kg for Mumbai ports of India.
• CFR India prices were evaluated at USD 790/mt, prices have increased in compares to previous week.
• This week Toluene prices have increased due to improved demand sentiments from end users.
• East China toluene prices climb amid improved demand sentiments from industry userds.
• As per report, East China toluene port inventories fall by 17.7%.
• CFR China price of toluene were assessed at the level of USD 770/mt.
• FOB Korea prices were evaluated at USD 745/mt prices has decreased in compare to previous week.
• CFR south East Asia price were evaluated at USD 770/mt.
• In the latest round of tariffs imposed by US on China will include many petrochemical products. The list of $200 billion in Chinese goods disclosed this week would be subject to a 10% tariff if implemented amid growing trade tensions between the US and China. Last Friday, the US implemented $34 billion in tariffs on Chinese goods, and China retaliated with the same value of taxes on US imports, largely agricultural crops and automobiles. The $200 billion list includes ethylene, propylene, butadiene, chlorine and caustic soda, benzene, xylene, toluene and ethylene glycol.
• This week crude oil prices have followed mixed trend. On Thursday  oil prices steadied, after the International Energy Agency's warned that the world's oil supply cushion "might be stretched to the limit" due to production losses in several different countries.
• Brent prices rallied on Thursday, recouping some ground following sharp losses the previous session after Libya said it would resume oil exports. Brent crude oil gained 59 cents a barrel to trade at $74/bbl. On Wednesday, the global benchmark slumped $5.46, its biggest one-day fall in two years.

 $1 = Rs. 68.52
 Import Custom Ex. Rate USD/ INR: 69.70
 Export Custom Ex. Rate USD/ INR: 68.00