Toluene Weekly Report 15 April 2017

Weekly Price Trend: 10-04-2017 to 14-04-2017

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

• This week prices have followed up trend. By the end of the week domestic prices were assessed Rs 48/Kg for bulk quantity for Kandla and Rs.48/kg for bulk quantity for Mumbai ports of India.

Booking Scenario

INDIA&INTERNATIONAL

• This week domestic market price was assessed at Rs 48/kg for Kandla and Rs. 48/kg for Mumbai ports of India.
• CFR India prices were evaluated at USD 745/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 645/mt prices has increasedin compare to previous week.
• FOB Korea and CFR China prices of Benzene were evaluated at USD 850/mt and USD 855/mt respectively.
• This week toluene market is moving with uncertain rapidity, market players have been uncertain for upcoming outlook.
• This week oil prices oil prices have followed little volatility but overall it was strong week for crude. On Thursday that supply and demand in the global oil market were close to matching after a fall in stockpiles in developed countries in March.
• As per report, the market has been oversupplied for three years, prompting members of the OPEC and some non-OPEC producers to agree to cut output in the first six months of 2017 to rein in the glut. OPEC meets on May 25 to consider extending the cuts beyond June.
• U.S. production to continue rising, both onshore and offshore, which will act as a headwind for the market.

  $1 = Rs. 64.41                                                   
 Import Custom Ex. Rate USD/ INR: 65.90
 Export Custom Ex. Rate USD/ INR: 64.20