Toluene Weekly Report 18 Jan 2019

Weekly Price Trend: 14-01-2019 to 18-01-2019

• The above given graph focuses on the Toluene price trend for current week
• This week prices have remained firm and reduced slightly by end of the week.
• By the end of the week domestic prices were assessed at Rs. 50/Kg for bulk quantity for Kandla and for Mumbai ports of India.

Booking Scenario 

INDIA&INTERNATIONAL 

• This week domestic market price was assessed at Rs 50/kg for Kandla and for Mumbai ports of India.
• CFR India prices were evaluated at USD 610/MT, increased by USD 10/MT in compare to last week’s closing values. CFR China price of toluene were assessed at the level of USD 605/MT.
• FOB Korea prices were evaluated at USD 575/MT, improved by USD 10/MT in compare to previous week.
• CFR south East Asia price were evaluated at USD 600/MT. Benzene FOB Korea prices remained firm for this week. FOB Korea values were assessed around USD 560/MT. On other side CFR China prices for Benzene were assessed USD 580/MT for this week.
• Oil prices remained vulnerable throughout this week. With concerns over surging in crude production lacklustre in demand crude prices declined on Thursday. The scenario was completely different on Friday.
• On other side OPEC has also cut down its production significantly for this month. Even as OPEC and allied exporters cut production, however, U.S. output has surged close to 12 million bpd in the latest week, and some traders and investors are concerned that growth in global supply this year will outpace demand.
• OPEC cut oil output sharply in December before a new accord to limit supply took effect on Jan. 1, it said on Thursday, suggesting that producers have made a strong start to averting a glut in 2019 as a slowing economy curbs demand. 

 $1 = Rs. 71.12

 Import Custom Ex. Rate USD/ INR: 72.10

 Export Custom Ex. Rate USD/ INR: 70.40