Toluene Weekly Report 26 June 2020

Weekly Price Trend: 22-06-2020 to 26-06-2020

• The above given graph focuses on the Toluene price trend for current week. There has been rise in the prices for this week.
• This week prices increased for this week. Prices were assessed at the level of Rs.38/Kg for Kandla and for Mumbai port. Prices improved by Rs.2/Kg for this week for bulk quantity.

Booking Scenario

INDIA & INTERNATIONAL

• This week domestic market price was assessed at Rs.38/kg for bulk quantity for Kandla and for Mumbai port. Domestic prices increased slightly for this week.
• CFR India prices were evaluated at USD 430-450/MT for this week. FOB Korea values for Toluene was assessed around USD 410-430/MT for this week. There has decline of 5 USD/MT in international prices for Toluene.
• CFR China price of toluene were assessed at the level of USD 435/MT for this week. While CFR SEA prices for this week were assessed around USD 430/MT.
• FOB Korea values for Benzene were assessed around USD 420/MT for this week. There has been decline of USD 5/MT in Benzene values for this week. The outbreak in prices of crude has affected whole of the petrochemical market. CFR China prices were assessed at the level of USD 420/MT for this week.
• Crude oil futures were trading higher in mid-morning trade in Asia June 26 after positive US economic data buoyed market sentiment about an improved demand outlook, despite fresh outbreaks of COVID-19.
• Surging number of new coronavirus cases in the US continues to weigh on market sentiment. Data from the COVID Tracking Project showed there were 38,672 positive COVID-19 tests in the US on June 24, a new record high. White House economic adviser Larry Kudlow was quoted in media reports as saying: "There will be shutdowns in individual places or certain stores.
• With fresh outbreaks of COVID-19 in Texas, Florida and California, there is a real threat of this demand recovery stalling. Some states are quarantining travelers from these states and some have halted the reopening of businesses

$ 1 = Rs. 75.48

Import Custom Ex. Rate USD/ INR: 77.05                                            

Export Custom Ex. Rate USD/ INR: 75.35