Toluene Weekly Report 20 Jan 2018

Weekly Price Trend: 15-01-2018 to 19-01-2018

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

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

Total import at various ports of India December, 2017

Above graph represents the imported quantity of Toluene for the month of December, 2017. Last month total imported quantity was around 58916MT.

Booking Scenario

INDIA&INTERNATIONAL

• This week domestic market price was assessed at Rs 49/kg for Kandla and Rs. 49/kg for Mumbai ports of India.
• CFR India prices were evaluated at USD 790/mt, prices have increased in compares to previous week.
• CFR China price of toluene were assessed at the level of USD 755/mt.
• FOB Korea prices were evaluated at USD 745/mt prices has increased in compare to previous week.
• This week domestic toluene prices have plunged while booking prices have increased.
• Asia benzene-toluene spread hits more than nine-month high.
• Oil prices have followed volatile trend this week. On Thursday Oil rebounded after slipping below $69 a barrel, supported by a record drawdown of U.S. crude stockpiles at the Cushing, Oklahoma delivery hub, despite concerns that OPEC-led output cuts will increase supply from the United States.
• As per report, the upside is now limited for oil prices. U.S. oil producers will ramp up production in the coming months. Some traders said that prices were unlikely to fall far due to the OPEC-led curbs and the risk of further disruptions.

 $1 = Rs. 63.85
 Import Custom Ex. Rate USD/ INR: 64.80
 Export Custom Ex. Rate USD/ INR: 63.10