Toluene Weekly Report 23 June 2018

Weekly Price Trend: 11-06-2018 to 15-06-2018

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

• This week prices have plunged. By the end of the week domestic prices were assessed at Rs 57/Kg for bulk quantity for Kandla and Rs 57/kg for Mumbai ports of India.

Total import at various ports of India May, 2018

Above graph represent the total imported quantity of Toluene for the month of May, 2018.Last month total import was around 50287MT. As per chart last month at Kandla port imports was higher while at Ennore port import was lesser.

Booking Scenario

INDIA&INTERNATIONAL

• This week domestic market price was assessed at Rs 57/kg for Kandla and Rs. 57/kg for Mumbai ports of India.
• CFR India prices were evaluated at USD 785/mt, prices have plunged 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 730/mt prices has increased in compare to previous week.
• CFR south east Asia price were evaluated at USD 815/mt.
• This wek toluene prices have plunged on bearish buying trend from end users.
• East China toluene prices continue to plunge on weak buying sentiments.
• CPC Corpis planning to shut its Taiwan based No 6 aroms unit in Sep.
• This week crude oil prices have followed volatile trend. on Thursday Global benchmark Brent crude extended losses ahead of Friday's meeting of the OPEC, where producers are expected to boost output.
• On Thursday, closing crude values have plunged. WTI on NYME closed at $65.54/bbl; prices have decreased by $0.17/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $1.69/bbl in compare to last closing price and was assessed around $73.05/bbl.
• Today  oil prices rose by more than 1 percent in early Asian trading, pushed up by uncertainty over whether OPEC would manage to agree a production increase at a meeting in Vienna later in the day.

 $1 = Rs. 67.84
 Import Custom Ex. Rate USD/ INR: 69.10
 Export Custom Ex. Rate USD/ INR: 67.40