Toluene Weekly Report 22 July 2017

Weekly Price Trend: 17-07-2017 to 21-07-2017

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

• This week prices have increased trend. By the end of the week domestic prices were assessed at Rs 44.5Kg for bulk quantity for Kandla and Mumbai ports of India.

Total import at various ports of India June, 2017

Above chart represent the total imported quantity of Toluene for the month of June 2017. Previous month total imports were around 33331MT. As per chart last month at Kandla port imports were higher while at Nhava Sheva port imported quantity was lesser.

Booking Scenario

INDIA&INTERNATIONAL

• This week domestic market price was assessed at Rs 44.5/kg for Kandla and Rs. 44.5/kg for Mumbai ports of India.
• CFR India prices were evaluated at USD 635/mt, prices have increased in compares to previous week.
• CFR China price of toluene were assessed at the level of USD 620/mt.
• FOB Korea prices were evaluated at USD 600/mt prices has increasedin compare to previous week.
• Toluene prices increased in Asia on account of elevated crude values coupled with improved buying sentiments in the region.
• As per report, East China toluene plunge on ample supply, soft demand.
• Taiwan’s CPC Corp to postpone shutdown of No 3 aromatics plant.
• Some market players have said that in long run toluene sale will be bearish while for short duration demand will increase from downstream producers.
• Sinopec Jinling Petrochemical plans to expand toluene capacity by 200kt/yr in August.
• This week oil prices have followed volatility in the market. Oil prices jumped more than 1 percent on Wednesday after a U.S. report showed a bigger weekly draw than forecast in crude and gasoline stocks along with a surprise drop in distillate inventories.
• On Thursday , oil settled lower in uneven trading.Closing crude values have decreased.WTI on NYME closed at $46.92/bbl, prices have decreased by $0.40/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $0.40/bbl in compared to last trading and was assessed around $49.30/bbl.

  $1 = Rs. 64.32         
 Import Custom Ex. Rate USD/ INR: 65.65
 Export Custom Ex. Rate USD/ INR: 63.95