Toluene Weekly Report 16 Dec 2017
Weekly Price Trend: 11-12-2017 to 15-12-2017
- 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 at Rs 50.5/Kg for bulk quantity for Kandla and Rs 50.5/kg for Mumbai ports of India.
Booking Scenario
INDIA&INTERNATIONAL
- This week domestic market price was assessed at Rs 50.5/kg for Kandla and Rs. 50.5/kg for Mumbai ports of India.
- CFR India prices were evaluated at USD 755/mt, prices have increased in compares to previous week.
- CFR China price of toluene were assessed at the level of USD 720/mt.
- FOB Korea prices were evaluated at USD 705/mt prices has increased in compare to previous week.
- This week toluene prices have increased on improved demand sentiments and limited material availability.
- East China toluene inventories plunge to lowest level in 2017.
- Toluene markets show opposing trends in south and east China.
- The European toluene market has relaxed now and demand sentiments have plunged as the Christmas holiday is approaching.
- This week crude oil prices have followed mixed trend. On Thursday oil prices rose as a pipeline outage in Britain continued to support prices despite forecasts showing global crude surplus in the beginning of next year.
- On Thursday, closing crude values have increased. WTI on NYME closed at $57.04/bbl; prices have increased by $0.44/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.87/bbl in compared to last trading and was assessed around $63.31/bbl.
- While on Friday, Oil markets were stable as the Forties pipeline outage in the North Sea and the ongoing OPEC-led production cuts supported prices, while rising output from the United States kept crude from rising further.
- Traders said markets were overall well supported by efforts led by OPEC and Russia to withhold supply to prop up prices.
$1 = Rs. 64.04
Import Custom Ex. Rate USD/ INR: 65.54
Export Custom Ex. Rate USD/ INR: 63.70
