Toluene Weekly Report 25 Feb 2017

Weekly Price Trend: 20-02-2017 to 24-02-2017

• 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 Rs 54/Kg for bulk quantity for Kandla and Rs.54.75/kg for bulk quantity for Mumbai ports of India.

Total import at various ports of India January, 2017

Above chart represent the import quantity of Toluene for the month of January 2017. In January total imported quantity were around 37169mt.As per chart previous month at Kandla port higher quantity has been imported while at Kolkata port imports were lesser.

Booking Scenario

 
INDIA&INTERNATIONAL

• This week domestic market price was assessed at Rs 54/kg for Kandla and Rs. 54.75/kg for Mumbai ports of India.
• CFR India prices were evaluated at USD 800/mt, prices have decreased in compares to previous week.
• China’s toluene market gained upward moves but then experienced a few setbacks after Chinese New Year holiday.
• The uptrend had come to an end with the price pulling back, as the market was fundamentally weak.
• Store tank inventory of toluene increased in East China, as several downstream plants were shut for nearly one month.
• Market players place their focus on demand for toluene in solvent, fine chemical and gasoline blending sectors.
• Some market players have said that presently the support from supply-demand dynamics to toluene market is weak.
• CFR China price of toluene were assessed at the level of USD 705/mt.
• FOB Korea prices were evaluated at USD 690/mt prices has decreasedin compare to previous week.

  $1 = Rs. 66.83                                                   
 Import Custom Ex. Rate USD/ INR: 67.85
 Export Custom Ex. Rate USD/ INR: 66.15