Toluene Weekly Report 18 March 2017

Weekly Price Trend: 13-03-2017 to 17-03-2017

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

• This week prices have followed weak trend. By the end of the week domestic prices were assessed Rs 49/Kg for bulk quantity for Kandla and Rs.50/kg for bulk quantity for Mumbai ports of India.

Booking Scenario

 
INDIA&INTERNATIONAL

• This week domestic market price was assessed at Rs 49/kg for Kandla and Rs. 50/kg for Mumbai ports of India.
• CFR India prices were evaluated at USD 660/mt, prices have decreased in compares to previous week.
• CFR China price of toluene were assessed at the level of USD 665/mt.
• FOB Korea prices were evaluated at USD 670/mt prices has decreasedin compare to previous week.
• Toluene market was remained weaker this week as demand sentiments have been dull.
• This week Asian aromatics markets remained bearish on account of weakening demand and a growing supply surplus.
• On account of lackluster buying sentiments from end users toluene market have remained weaker. No major deals have been heard.
• As per market report, Oil price increased, and commodity market plungerd. Asian toluene market illustrated slight advancing momentum. Chinese domestic yuan toluene cargoes were offered lower than imported cargoes, which muted importing interest.
• In China market petrochemical products inventory has increased and toluene port inventory increased 6.1kt week-on-week to 119.6kt by Mar 15, as per report.
• Presently consumption has been bearish as a result toluene prices have plunged.

  $1 = Rs. 65.46                                                   
 Import Custom Ex. Rate USD/ INR: 66.20
 Export Custom Ex. Rate USD/ INR: 64.50