Toluene Weekly Report 21 February 2020

Weekly Price Trend: 17-02-2020 to 21-02-2020

• The above given graph focuses on the Toluene price trend for current week. There has been plunge in the prices for this week.
• This week prices increased and by the end of the week prices were assessed at the level of Rs.57/Kg for bulk quantity for Kandla and for Mumbai Rs.58/Kg for bulk quantity.

Booking Scenario

INDIA & INTERNATIONAL

• This week domestic market price was assessed at Rs.57/kg for bulk quantity for Kandla and Rs.58/Kg for Mumbai port.
• CFR India prices were evaluated at USD 710/MT, increased by USD 35/MT for this week. CFR China price of toluene were assessed at the level of USD 620/MT, increased by USD 35/MT for this week. While CFR SEA prices for this week were assessed around USD 640/MT.
• Benzene the major source for aromatic products has improved for this week. FOB Korea values for Benzene were assessed around USD 675/MT for this week, increased by USD 15/MTS for this week while CFR China prices were assessed at the level of USD 677/MT for this week again increased by USD17/MT for this week.
• Oil prices has been on rising trend as the U.S. government reported a much smaller-than-anticipated rise in crude stocks, but gains were capped by worries about the spread of Coronavirus outside China.
• Scores of new coronavirus cases and a first death in South Korea fanned fears of global pandemic as research suggested it could be more contagious than previously thought.
• China’s move to cut its benchmark lending rate eased some worries about slowing demand in the world’s second-biggest oil consumer and largest crude oil importer.
• Indian markets remained closed due to festival of shivratri across the country and very few discussions were heard in the market.

$ 1 = Rs. 71.66

Import Custom Ex. Rate USD/ INR: 72.65                                            

Export Custom Ex. Rate USD/ INR: 70.95