Toluene Weekly Report 28 April 2018

Weekly Price Trend: 23-04-2018 to 27-04-2018

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

• This week prices have escalated. By the end of the week domestic prices were assessed at Rs 56.5/Kg for bulk quantity for Kandla and Rs 56.5/kg for Mumbai ports of India.

Total import at various ports of India March, 2018

Above chart represents the total imported quantity of Toluene for the month of March, 2018. Last month total imports were around 34985MT. 

Booking Scenario

 
INDIA&INTERNATIONAL

• This week domestic market price was assessed at Rs 56.5/kg for Kandla and Rs. 56.5/kg for Mumbai ports of India.
• CFR India prices were evaluated at USD 780/mt, prices have increased in compares to previous week.
• CFR China price of toluene were assessed at the level of USD 770/mt.
• FOB Korea prices were evaluated at USD 750/mt prices has increased in compare to previous week.
• CPC Corp restarts its No 6 aromatic unit after shutdown it is placed at Kaohsiung, Taiwan produce Benzene, Toluene, Xylene.
• East China toluene prices escalated on tight supply.
• This week toluene prices have escalated with improved demand from end users.
• This week oil prices have followed little volatility at the end of the week prices have escalated. On Thursday oil prices increased, supported by expectations of renewed U.S. sanctions on Iran, declining output in Venezuela and ongoing strong demand.
• On Thursday, closing crude values have increased. WTI on NYME closed at $68.19/bbl; prices have increased by $0.14/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.74/bbl in compared to last trading and was assessed around $74.74/bbl.
• Venezuela's plunging output and looming U.S. sanctions against Iran come against a backdrop of strong demand, especially in Asia, the world's biggest oil consuming region. However, not all market indicators point towards tighter supplies. Soaring U.S. oil production and exports are holding back further price gains.

 $1 = Rs. 66.66
 Import Custom Ex. Rate USD/ INR: 66.70
 Export Custom Ex. Rate USD/ INR: 65.00