Toluene Weekly Report 24 Feb 2018

Weekly Price Trend: 19-02-2018 to 23-02-2018

• 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 49/Kg for bulk quantity for Kandla and Rs 49/kg for Mumbai ports of India.

Total import at various ports of India January, 2018

Above graph represents the total imported quantity of Toluene for the month of January 2018. As per graph previous month total imports was around 87570MT. At Kandla port imports were higher while at Kolkata port imports were lesser.

Booking Scenario

INDIA&INTERNATIONAL

• This week domestic market price was assessed at Rs 49/kg for Kandla and Rs. 49/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 735/mt.
• FOB Korea prices were evaluated at USD 730/mt prices has increased in compare to previous week.
• As per market source, last week toluene prices shot up on stronger crude futures. While higher inventory levels in China and some difficulties reported on the part of producers to sell their stocks could act as a dampener on prices in near term.
• Europe toluene prices have remained firm as per market source.
• This week oil prices have followed mixed trend. Oil prices rose on Thursday, on U.S. crude stocks unexpectedly declined and also by a drop in the dollar.
• Crude inventories had been forecast to rise 1.8 million barrels, as stocks seasonally increase when refineries cut intake to conduct maintenance. As per source, the unexpected fall in oil inventories in the U.S. should see support for crude oil prices remain strong.

  $1 = Rs. 64.73

 Import Custom Ex. Rate USD/ INR: 64.50
 Export Custom Ex. Rate USD/ INR: 62.85