Toluene Weekly Report 25 August 2018

Weekly Price Trend: 20-08-2018 to 24-08-2018

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

• This week prices have increased. By the end of the week domestic prices were assessed at Rs 61.5/Kg for bulk quantity for Kandla and Rs 62/kg for Mumbai ports of India.

Total import at various ports of India July, 2018

Above graph represents the total imported Quantity of Toluene for the month of July, 2018. Last month total imports were around 40837MT. In the month of July at Bombay  port imports were higher while at Nhava Sheva port lesser quantity has been imported.

Booking Scenario

 
INDIA&INTERNATIONAL

• This week domestic market price was assessed at Rs 61.5/kg for Kandla and Rs.62/kg for Mumbai ports of India.
• CFR India prices were evaluated at USD 850/mt, prices have increased in compares to previous week.
• This week Toluene prices have increased on account of bullish demand sentiments from end users.
• CFR China price of toluene were assessed at the level of USD 805/mt.
• FOB Korea prices were evaluated at USD 790/mt prices has increased in compare to previous week.
• CFR south East Asia price were evaluated at USD 830/mt.
• This week Toluene prices have increased on improved demand sentiments from end users.
• The US-China trade war escalated as a new round of tariffs affecting $16bn worth of imports, including petrochemicals, took effect at midday in Asia on Thursday, raising the total value of affected goods to $50bn on each side. The second wave of US tariffs on Chinese imports is being implemented less than two months since the first salvo on 6 July, and just as trade negotiations between the two countries were revived in Washington.
• This week oil prices have followed volatile trend. On Thursday oil prices plunged as an swelling trade dispute between the United States and China balanced news of a decline in U.S. commercial crude inventories.
• On Thursday, closing crude values have decreased. WTI on NYME closed at $67.83/bbl. Prices have decreased by $0.03/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $0.05/bbl in compare to last closing price and was assessed around $74.73/bbl.

 $1 = Rs. 69.91
 Import Custom Ex. Rate USD/ INR: 71.10
 Export Custom Ex. Rate USD/ INR: 69.40