Toluene Weekly Report 17 March 2018

Weekly Price Trend: 12-03-2018 to 16-03-2018

• The above given graph focuses on the Toluene price trend for current week.

• This week prices have increased. By the end of the week domestic prices were assessed at Rs 50/Kg for bulk quantity for Kandla and Rs 50/kg for Mumbai ports of India.

 Booking Scenario

 
INDIA&INTERNATIONAL

• This week domestic market price was assessed at Rs 50/kg for Kandla and Rs. 50/kg for Mumbai ports of India.
• CFR India prices were evaluated at USD 725/mt, prices have plunged in compares to previous week.
• CFR China price of toluene were assessed at the level of USD 690/mt.
• FOB Korea prices were evaluated at USD 675/mt prices has decreased in compare to previous week.
• This week toluene demand sentiments have been bearish no major deals has been heard.
• Presently toluene market is moving with soft velocity.
• As per report, Toluene prices in east China plunged after a short increase, then again increased slightly.
• On Thursday, closing crude values have increased. WTI on NYME closed at $61.19/bbl; prices have increased by $0.23/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.23/bbl in compared to last trading and was assessed around $65.12/bbl.
• Rising global oil demand, along with supply constraints from the OPEC, has helped keep oil above $60 a barrel.
• As per report, global oil demand is expected to pick up this year but supply is growing at a faster pace, leading to a rise in inventories in the first quarter of 2018. U.S. oil output hit a record 10.38 million barrels per day. OPEC expects to lose market share as output from non-OPEC nations soars.

 $1 = Rs. 64.93
 Import Custom Ex. Rate USD/ INR: 65.80
 Export Custom Ex. Rate USD/ INR: 64.15