Toluene Weekly Report 24 June 2017

Weekly Price Trend: 19-06-2017 to 23-06-2017

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

• This week prices have followed volatile trend. By the end of the week domestic prices were assessed at Rs 44.25/Kg for bulk quantity for Kandla and Mumbai ports of India.

Total import at various ports of India May, 2017

The above chart depicts the total imported quantity of Toluene for the month of May, 2017. In the month of May total imported quantity of Toluene was around 32552MT. As per chart last month at Kandla port imports were higher, while at Kolkata port imports were lower.

Booking Scenario

 
INDIA&INTERNATIONAL

• This week domestic market price was assessed at Rs 44.25/kg for Kandla and Rs. 44.25/kg for Mumbai ports of India.
• CFR India prices were evaluated at USD 650/mt, prices have decreased in compares to previous week.
• CFR China price of toluene were assessed at the level of USD 615/mt.
• FOB Korea prices were evaluated at USD 570/mt prices has plungedin compare to previous week.
• The toluene market is expected to remain quiet due to scrawny deals and discussions as downstream demand continued to stay weak.
• China mixed aromatics import margins drop on lower domestic prices.
• This week oil prices have followed mixed trend. The oil market posted its worst performance in the first six months in two decades effectively signaling its refusal to accept the effectiveness of the OPEC statement and its desire for further production cuts.
• As per report, OPEC and Russia tried to stabilize prices with cuts at around $50-$60 per barrel, but this week Brent prices fell toward $44 per barrel on persistent oversupply worries.
• On Thursday Crude oil rose moderately following a Wednesday in which the commodity bottomed just above $42 per barrel.
• On Thursday, closing crude values have increased.WTI on NYME closed at $42.74/bbl, prices have increased by $0.21/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.40/bbl in compared to last trading and was assessed around $45.22/bbl.

 $1 = Rs. 64.52          
 Import Custom Ex. Rate USD/ INR: 65.15
 Export Custom Ex. Rate USD/ INR: 63.50