Toluene Weekly Report 21 April 2018

Weekly Price Trend: 16-04-2018 to 20-04-2018

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

• This week prices have remained firm. By the end of the week domestic prices were assessed at Rs 55.5/Kg for bulk quantity for Kandla and Rs 56/kg for Mumbai ports of India.

Booking Scenario

INDIA&INTERNATIONAL

• This week domestic market price was assessed at Rs 55.5/kg for Kandla and Rs. 56/kg for Mumbai ports of India.
• CFR India prices were evaluated at USD 780/mt, prices have increased in compares to previous week.
• CFR China price of toluene were assessed at the level of USD 740/mt.
• FOB Korea prices were evaluated at USD 730/mt prices has increased in compare to previous week.
• This week toluene prices have escalated with improved demand from end users.
• For toluene on limited inventories at Chinese ports and tight supply in Taiwan market see some support. The Chinese domestic market should also continue to find supportin near term from firmer gasoline blending spreads prompting buying.
• East China toluene spot prices surge due to strong crude.
• On Thursday, closing crude values have decreased. WTI on NYME closed at $68.29/bbl; prices have decreased by $0.18/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.30/bbl in compared to last trading and was assessed around $73.78/bbl.

 $1 = Rs. 66.03
 Import Custom Ex. Rate USD/ INR: 66.70
 Export Custom Ex. Rate USD/ INR: 65.00