Toluene Weekly Report 26 May 2018

Weekly Price Trend: 21-05-2018 to 25-05-2018

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

• This week prices have fluctuated. By the end of the week domestic prices were assessed at Rs 59/Kg for bulk quantity for Kandla and Rs 59/kg for Mumbai ports of India.

Booking Scenario

INDIA&INTERNATIONAL

• This week domestic market price was assessed at Rs 59/kg for Kandla and Rs. 59/kg for Mumbai ports of India.
• CFR India prices were evaluated at USD 865/mt, prices have remained firm in compares to previous week.
• CFR China price of toluene were assessed at the level of USD 815/mt.
• FOB Korea prices were evaluated at USD 795/mt prices has decreased in compare to previous week.
• As per report, US aromatics prices were mostly stable to finish last week as supply remained tight.
• Demand from the downstream PX segment remained subdued on production issues.
• As per report, US toluene demand is possible to augment in the near term as the spring gasoline season enters full force.
• This week oil prices have followed volatile trend. On Thursday, prices plunged, by the prospect of the first increase in OPEC output since 2016 in the face of concern over supply from both Venezuela and Iran, while a surprise rise in U.S. crude inventories raised doubt over seasonal demand.
• On Thursday, closing crude values have decreased. WTI on NYME closed at $70.71/bbl; prices have decreased by $1.13/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $1.01/bbl in compared to last trading and was assessed around $78.79/bbl.

 $1 = Rs. 67.75
 Import Custom Ex. Rate USD/ INR: 68.65
 Export Custom Ex. Rate USD/ INR: 66.95