Toluene Weekly Report 18 June 2018

Weekly Price Trend: 13-08-2018 to 17-08-2018

• 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 60.5/Kg for bulk quantity for Kandla and Rs 61/kg for Mumbai ports of India.

Booking Scenario

INDIA&INTERNATIONAL

• This week domestic market price was assessed at Rs 60.5/kg for Kandla and Rs.61/kg for Mumbai ports of India.
• CFR India prices were evaluated at USD 840/mt, prices have decreased in compares to previous week.
• This week Toluene prices have decreased on account of bearish demand sentiments from end users.
• CFR China price of toluene were assessed at the level of USD 800/mt.
• FOB Korea prices were evaluated at USD 780/mt prices has increased in compare to previous week.
• CFR south East Asia price were evaluated at USD 830/mt.
• US toluene prices have plunged as improved demand balances out adequate supply.
• This week crude oil prices have followed volatile trend. On Friday Crude prices edged higher, but were heading for yet another weekly decline on worries that oversupply would weigh on the U.S. market and that trade disputes and slowing global economic growth would slow demand for oil.
• On Friday, closing crude values have increased. WTI on NYME closed at $65.91/bbl. Prices have increased by $0.45/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.40/bbl in compare to last closing price and was assessed around $71.43/bbl.

 $1 = Rs. 70.15
 Import Custom Ex. Rate USD/ INR: 71.10
 Export Custom Ex. Rate USD/ INR: 69.40