Toluene Weekly Report 14 Oct 2017

Weekly Price Trend: 09-10-2017 to 13-10-2017

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

• This week prices have followed weak trend. 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 710/mt, prices have plunged in compares to previous week.
• CFR China price of toluene were assessed at the level of USD 675/mt.
• FOB Korea prices were evaluated at USD 655/mt prices has plungedin compare to previous week.
• China toluene import prices plunged on weak trade and bearish demand sentiments from end users.
• Presently market is moving with weak velocity no major deals and discussion has been heard.
• This week oil prices have followed volatile inclination. on Thursday  oil prices rebounded from earlier losses, but ended lower on the day, after the Energy Department reported a larger-than-expected decline in U.S. inventories and a falloff in weekly production.
• On Thursday, closing crude values have decreased.WTI on NYME closed at $50.60/bbl, prices have decreased by $0.70/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $0.69/bbl in compared to last trading and was assessed around $56.25/bbl.
• As per report, the global outlook for oil markets in 2018 could put a dampener on hopes for higher prices. Market players said that supply growth in the final three months of the year would be supportive for oil prices in the fourth quarter. Oil prices could climb close to $60 a barrel in the "very short run."

  $1 = Rs. 64.93
 Import Custom Ex. Rate USD/ INR: 65.95
 Export Custom Ex. Rate USD/ INR: 64.30