Toluene Weekly Report 23 Dec 2017

Weekly Price Trend: 18-12-2017 to 22-12-2017

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

• This week prices have followed firm trend. By the end of the week domestic prices were assessed at Rs 48.5/Kg for bulk quantity for Kandla and Rs 48.5/kg for Mumbai ports of India.

Total import at various ports of India November, 2017

Above chart shows the total imported quantity of Toluene for the month of November 2017. Previous month total imported quantity was 56219MT. As per chart last month at Kandla port imports were higher while at Vizag port imported quantity was lesser.

Booking Scenario

 
INDIA&INTERNATIONAL

• This week domestic market price was assessed at Rs 48.5/kg for Kandla and Rs. 48.5/kg for Mumbai ports of India.
• CFR India prices were evaluated at USD 740/mt, prices have decreased in compares to previous week.
• CFR China price of toluene were assessed at the level of USD 715/mt.
• FOB Korea prices were evaluated at USD 700/mt prices has decreased in compare to previous week.
• This week toluene prices have decreased on subdued demand sentiments.
• Toluene demand is expected to be stable amid upcoming holiday season.
• Toluene inventories in east and south China are anticipated to plunge as buyers look to procure domestic cargoes to shore up inventory before year end. Inventory in east China was plunge 25% and in south China down 20%.
• Taiwan’s CPC Corp is running its No 3 and No 6 aromatics unit at 70-80% on production disruption it is placed at Linyuan, Kaohsiung.
• As per report, China’s CNOOC Taizhou restarts aromatics unit.
• Toluene demand decrease demand for aromatics in both the gasoline blending and chemical sector diminish in the winter months.
• This week oil prices have followed mixed trend and closed on higher note. On Thursday, Oil prices higher, erasing earlier losses as Britain's Forties pipeline in the North Sea was expected to restart in early January after repairs over Christmas. Forties is the largest of the five North Sea crudes that underpin Brent, a benchmark for oil trading in Europe, the Middle East, Africa and Asia.
• On Thursday, closing crude values have increased. WTI on NYME closed at $58.36/bbl; prices have increased by $0.27/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.34/bbl in compared to last trading and was assessed around $64.90/bbl.

$1 = Rs. 64.04
 Import Custom Ex. Rate USD/ INR: 64.90
 Export Custom Ex. Rate USD/ INR: 63.20