Toluene Weekly Report 19 May 2018

Weekly Price Trend: 14-05-2018 to 18-05-2018

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

• This week prices have fluctuated. By the end of the week domestic prices were assessed at Rs 59/Kg for bulk quantity for Kandla and Rs 59.5/kg for Mumbai ports of India.

Total import at various ports of India April, 2018

Above graph represents the imported quantity of Toluene for the month of April, 2018. Last month total imported quantity was around 35517mt.

 Booking Scenario

INDIA&INTERNATIONAL

• This week domestic market price was assessed at Rs 59/kg for Kandla and Rs. 59.5/kg for Mumbai ports of India.
• CFR India prices were evaluated at USD 865/mt, prices have increased in compares to previous week.
• Toluene prices in east China increased on strong gains in upstream crude market, while inventory at ports declined.
• As per report, supply is expected to rise after April, on plant restarts expected in Taiwan and South Korea from both scheduled and unscheduled shutdowns.
• US toluene demand is likely to increase in the second quarter as the spring gasoline season enters full force.
• CFR China price of toluene were assessed at the level of USD 830/mt.
• FOB Korea prices were evaluated at USD 805/mt prices has increased in compare to previous week.
• This week crude oil prices escalated. Oil prices hit $80 a barrel on Thursday for the first time since November 2014 on concerns that Iranian exports could fall because of renewed U.S. sanctions, reducing supply in an already tightening market.
• On Thursday, closing crude values have increased. WTI on NYME closed at $71.49/bbl; prices have increased remained firm in compared to last closing prices. While Brent on Inter
• Continental Exchange increased by $0.02/bbl in compared to last trading and was assessed around $79.30/bbl.

$1 = Rs. 68.00
 Import Custom Ex. Rate USD/ INR: 68.65
 Export Custom Ex. Rate USD/ INR: 66.95