Toluene Weekly Report 27 December 2019

Weekly Price Trend: 23-12-2019 to 27-12-2019

• The above given graph focuses on the Toluene price trend for current week. There has been no change in prices for this week.
• This week prices remained firm and stable for most of the week. By end of the week prices were assessed at the level of Rs.60/Kg for bulk quantity for Kandla and for Mumbai Rs.61/Kg for bulk quantity.

Booking Scenario

INDIA & INTERNATIONAL

• This week domestic market price was assessed at Rs.60/kg for bulk quantity for Kandla and Rs.61/Kg for Mumbai port.
• CFR India prices were evaluated at USD 720/MT, slightly increased by USD 5/MT in international prices for this week. CFR China price of toluene were assessed at the level of USD 680/MT, slightly improved for this week.CFR SEA prices for this week were assessed around USD 720/MT.
• Benzene the major source for aromatic products has increased significantly for this week. Price rise has been whooping for this week. FOB Korea values for Benzene were assessed around USD 735/MT for this week, increased by USD 60/MT for this week, while CFR China prices were assessed at the level of USD 640/MT for this week.
• On Thursday, closing crude values have increased. WTI on NYME closed at $61.68/bbl. Prices have increased by 0.57/bbl in compared to last closing prices. While Brent on Inter Continental Exchange is increased by 0.72/bbl in compare to last closing price and was assessed around $67.92/bbl.
• Persistent oversupply of crude in the global oil and gas market has created a difficult situation for smaller oil and gas companies who must find ways to compete in a debt-laden, low-priced environment against state-run oil titans like Saudi Aramco and deep-pocketed oil giants such as Exxon.
• But the small oil and gas players—those private companies that are facing an uncertain future despite sitting atop a literal wealth of oil and gas in prolific US shale plays-may have just been handed their ticket out of trouble by the largest oil importer in the world, China. 

$ 1 = Rs. 71.36

Import Custom Ex. Rate USD/ INR: 71.90                                            

Export Custom Ex. Rate USD/ INR: 70.20