Toluene Weekly Report 19 Aug 2017
Weekly Price Trend: 14-08-2017 to 18-08-2017
- The above given graph focuses on the Toluene price trend for current week.
- This week prices have followed up trend. By the end of the week domestic prices were assessed at Rs 45.5Kg for bulk quantity for Kandla and Mumbai ports of India.
Booking Scenario
INDIA&INTERNATIONAL
- This week domestic market price was assessed at Rs 45.5/kg for Kandla and Rs. 45.5/kg for Mumbai ports of India.
- CFR India prices were evaluated at USD 670/mt, prices have decreased in compares to previous week.
- CFR China price of toluene were assessed at the level of USD 635/mt.
- FOB Korea prices were evaluated at USD 620/mt prices has decreasedin compare to previous week.
- This week toluene prices have decreased in domestic market on account of weak demand sentiment from end users.
- East China toluene prices plunge on weak demand.
- China mixed aromatics import margins turn positive on slumping costs.
- As per report, India ex-tank toluene prices stable for five straight days.
- Europe toluene supply calm but distribution gets tighter as per market players.
- This week oil prices have varied and on Thursday oil prices rose as renewed attention were put on U.S. oil stockpile declines at Cushing, the delivery hub for U.S. crude futures.
- On Thursday, closing crude values have increased.WTI on NYME closed at $47.09/bbl, prices have increased by $0.31/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.76/bbl in compared to last trading and was assessed around $51.03/bbl.
- Market players are anticipating that crude oil prices to trade sideways on the back of short covering after drop in prices.
$1 = Rs. 64.14
Import Custom Ex. Rate USD/ INR: 65.15
Export Custom Ex. Rate USD/ INR: 63.45
