Toluene Weekly Report 27 Oct 2018

Weekly Price Trend: 22-10-2018 to 26-10-2018

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

• This week prices have decreased. By the end of the week domestic prices were assessed at Rs 66.5/Kg for bulk quantity for Kandla and Rs 67.5/kg for Mumbai ports of India.

Booking Scenario

INDIA&INTERNATIONAL

• This week domestic market price was assessed at Rs 66.5/kg for Kandla and Rs.67.5/kg for Mumbai ports of India.
• CFR India prices were evaluated at USD 855/mt, decreased by USD10/MT in compare in to last week’s closing values.
• CFR China price of toluene were assessed at the level of USD 872/mt.
• FOB Korea prices were evaluated at USD 838/mt, prices increased by USD 18/MT in compare to previous week.
• CFR south East Asia price were evaluated at USD 840/mt.
• Oil prices reduced on Friday and were heading for a third weekly loss, pulled down as Saudi Arabia's OPEC governor said the market may become oversupplied soon and after a slump in global equities clouded the outlook for demand.
• U.S. crude oil stockpiles rose last week for the fifth consecutive week, while gasoline and distillate inventories fell, the Energy Information Administration said this week.
• Financial markets have been hit hard by a range of worries, including the U.S.-China trade war, a rout in emerging market currencies, rising borrowing costs and bond yields, and economic concerns in Italy.
• Washington is putting pressure on governments around the world to stop importing oil from Iran.
• Most, including its biggest customer China, are falling in line, and Iran has turned to storing its unsold oil on its tanker fleet in the hope that it can sell the crude off quickly once the sanctions are lifted again.

$1 = Rs. 73.46
 Import Custom Ex. Rate USD/ INR: 74.30
 Export Custom Ex. Rate USD/ INR: 72.60