Toluene Weekly Report 16 Sep 2017

Weekly Price Trend: 11-09-2017 to 15-09-2017

• 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 52.5Kg for bulk quantity for Kandla and Mumbai ports of India.

Booking Scenario

 
INDIA&INTERNATIONAL

• This week domestic market price was assessed at Rs 52.5/kg for Kandla and Rs. 52.5/kg for Mumbai ports of India.
• CFR India prices were evaluated at USD 720/mt, prices have increased in compares to previous week.
• CFR China price of toluene were assessed at the level of USD 680/mt.
• FOB Korea prices were evaluated at USD 655/mt prices has remained firmin compare to previous week.
• This week domestic toluene prices have fluctuated and at the end of the week prices have plunged.
• As per report, the US has started to recover from Tropical Storm Harvey's damage.
• As per source information, East China toluene spot prices fluctuate in narrow range
• Europe toluene prices increase as Eurobob gasoline weakens post-Harvey.
• This week Toluene prices plunge on material availability.
• Market participants said that, consumption of toluene in downstream derivative plants is not large in spite of high operating rates. In the lack of upward momentum, toluene market is anticipated to remain firm in near term.
• Market analyst said that demand for crude is better than expected and the persistently oversupplied market is finally tightening. Traders will be looking for signs that brimming stockpiles of oil around the world continue to fall towards the five-year average.
• U.S. Gulf oil refineries are slowly returning after storms. persistent weakness in the U.S. dollar index, has prompted bullish sentiment in the oil market, players are anticipating that this could quicken the pace of oil market rebalancing.

  $1 = Rs. 64.07         
 Import Custom Ex. Rate USD/ INR: 64.90
 Export Custom Ex. Rate USD/ INR: 63.25