Toluene Weekly Report 25 October 2019

Weekly Price Trend: 21-10-2019 to 25-10-2019

• The above given graph focuses on the Toluene price trend for current week. There has been decline in values in domestic market with no change in prices for this week.
• This week prices remained soft-to-stable throughout this week. By end of the week prices were assessed at the level of Rs.54/Kg for bulk quantity for Kandla and for Mumbai ports of India.

Booking Scenario

INDIA & INTERNATIONAL 

• This week domestic market price was assessed at Rs.54/kg for bulk quantity reduced by Rs.2/Kg for bulk quantity in compare to last week’s closing values.
• CFR India prices were evaluated at USD 687/MT, reduced by USD 8/MT for this week.
• CFR China price of toluene were assessed at the level of USD 659/MT, reduced slightly for this week.
• Benzene the major source for aromatic products also reduced for this week. FOB Korea values for Benzene were assessed around USD 640/MT for this week, while CFR China prices were assessed at the level of USD 665/MT for this week.
• Indian markets are operating on reduced rate as country is festive mood. This weekend there will be diwali celebrations across the nation with long extended vacations.
• Oil futures finished higher Thursday, as the U.S. and Turkey reached a cease-fire pact in Syria, temporarily easing Middle East tensions, and a tentative Brexit deal fueled appetite for assets perceived as risky.
• On Thursday, closing crude values have increased. WTI on NYME closed at $56.23/bbl. Prices have increased by 0.26/bbl in compared to last closing prices. While Brent on Inter Continental Exchange is increased by 0.50/bbl in compare to last closing price and was assessed around $61.67/bbl. 

$ 1 = Rs. 70.98

Import Custom Ex. Rate USD/ INR: 72.30                                            

Export Custom Ex. Rate USD/ INR: 70.60