Toluene Weekly Report 18 Feb 2017

Weekly Price Trend: 13-02-2017 to 17-02-2017

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

• This week prices have followed firm trend. By the end of the week domestic prices were assessed Rs 55/Kg for bulk quantity for Kandla and Rs.55/kg for bulk quantity for Mumbai ports of India.

Booking Scenario

 
INDIA&INTERNATIONAL

• This week domestic market price was assessed at Rs 55/kg for Kandla and Rs. 55/kg for Mumbai ports of India.
• CFR India prices were evaluated at USD 820/mt, prices have increased in compares to previous week.
• CFR China price of toluene were assessed at the level of USD 730/mt.
• FOB Korea prices were evaluated at USD 730/mt prices has decreasedin compare to previous week.
• In China market toluene trade remained soft no major deals and discussion has been heard.
• As per market report, presently toluene market is moving with soft-to-stable velocity no major deals and discussion has been heard.
• Crude prices continue to oscillate in a shifting range as traders considered the conflicting influence of weakening of US dollar. There has been constant high supply in last few weeks along with rising levels in the US crude inventory levels.
• As per report U.S. commercial crude inventories rose, high fuel inventories and rising U.S. crude production meant oil markets would be over-supplied for some time, but that they would drain gradually, while the rest of the world already showing signs of tightness.
• The crude oil inventory build was really terrible for the market but the market does not seem to care because the products inventories were better than expected and are dragging crude oil prices up with it.

  $1 = Rs. 67.00                                                   
 Import Custom Ex. Rate USD/ INR: 67.85
 Export Custom Ex. Rate USD/ INR: 66.15