Toluene Weekly Report 15 Feb 2019
Weekly Price Trend: 11-02-2019 to 15-02-2019
- The above given graph focuses on the Toluene price trend for current week.
- This week prices remained firm and there has been rise in values past few weeks.
- By the end of the week domestic prices were assessed at Rs.52/Kg for bulk quantity for Kandla and for Mumbai ports of India.
Booking Scenario
INDIA&INTERNATIONAL
- This week domestic market price was assessed at Rs.52/kg for Kandla and for Mumbai ports of India.
- CFR India prices were evaluated at USD 610/MT, reduced by USD 20/MT in compare to last week’s closing values. CFR China price of toluene were assessed at the level of USD 620/MT.
- FOB Korea prices were evaluated at USD 590/MT, reduced by USD 20/MT in compare to previous week.
- CFR south East Asia price were evaluated at USD 635/MT. Benzene FOB Korea prices remained soft-to-stable for this week. FOB Korea values were assessed around USD 595/MT. On other side CFR China prices for Benzene were assessed USD 610/MT for this week.
- Moreover the ongoing Lunar vacation in China has also slowed down the trade and trading in international market.
- The recent terror attack on Indian military will have an adverse impact on Indian trade relation with neighboring nation. Moreover such heinous attacks affect the economy of the country as well.
- Oil prices hit new high after a week long and has been the highest in this year. Withhold in the supply of crude from The Petroleum Exporting Countries (OPEC) and some non-affiliated suppliers including Russia has led to this hike in values.
- Brent crude oil prices hit 2019 highs above $65 per barrel on Friday, spurred by U.S. sanctions against Venezuela and Iran as well as OPEC-led supply cuts.
- Brent rose as high as $65.10, pushing past the $65 mark for the first time this year, before edging back to $64.97 a barrel by 0450 GMT. That was still 0.6 percent above the last close.
$ 1 = Rs. 71.22
Import Custom Ex. Rate USD/ INR: 72.65
Export Custom Ex. Rate USD/ INR: 70.90
