Toluene Weekly Report 15 July 2017

Weekly Price Trend: 03-07-2017 to 07-07-2017

• 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 44Kg for bulk quantity for Kandla and Mumbai ports of India.

Booking Scenario

 
INDIA&INTERNATIONAL

• This week domestic market price was assessed at Rs 44/kg for Kandla and Rs. 44/kg for Mumbai ports of India.
• CFR India prices were evaluated at USD 630/mt, prices have increased in compares to previous week.
• CFR China price of toluene were assessed at the level of USD 610/mt.
• FOB Korea prices were evaluated at USD 590/mt prices has increasedin compare to previous week.
• Toluene prices increased in Asia on account of elevated crude values coupled with improved buying sentiments in the region.
• The price gain was further supported by firmer downstream benzene rates.
• East China toluene offers remains firm as demand is soft.
• S Korea’s LG Chem is planning to shut its Daesan aromatics unit in August.
• This week Crude oil prices have followed up inclination as Saudi Arabia is going to cut exports of crude oil to the United States, but this is going to be a short-term effect on the market as the United States becomes much more energy independent.
• On Thursday, closing crude values have increased.WTI on NYME closed at $46.08/bbl, prices have increased by $0.59/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.68/bbl in compared to last trading and was assessed around $48.42/bbl.

 $1 = Rs. 64.45          
 Import Custom Ex. Rate USD/ INR: 65.65
 Export Custom Ex. Rate USD/ INR: 63.95