Toluene Weekly Report 17 June 2017

Weekly Price Trend: 12-06-2017 to 16-06-2017

• 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 45/Kg for bulk quantity for Kandla and Rs.45/kg for bulk quantity for Mumbai ports of India.

Booking Scenario
 
INDIA&INTERNATIONAL

• This week domestic market price was assessed at Rs 45/kg for Kandla and Rs. 45/kg for Mumbai ports of India.
• CFR India prices were evaluated at USD 655/mt, prices have decreased in compares to previous week.
• CFR China price of toluene were assessed at the level of USD 635/mt.
• FOB Korea prices were evaluated at USD 610/mt prices has remained firmin compare to previous week.
• China’s Sinopec Jinling to start up aromatics unit in Aug-Sep.
• China's Sinopec Shijiazhuang to shut aromatics plant in early July.
• This week oil prices have followed volatile trend and on Thursday oil market has closed on downward note. This week the global oil market have remained awash in surplus oil, rising U.S. crude production and weak domestic gasoline demand kept pressure on prices.
• As per report, the outlook for the energy market will remain bearish. OPEC’s agreement with non-OPEC members “remains brittle as none of those participating are happy about the arrangement. In the U.S., the trend of rising production remains strong while gasoline demand has been soft so oil production is expected to continue to rise steadily this summer. High exports and production from other countries, including Russia and the United States, are also contributing to the ongoing glut.

 $1 = Rs. 64.42          
 Import Custom Ex. Rate USD/ INR: 65.15
 Export Custom Ex. Rate USD/ INR: 63.50