Toluene Weekly Report 28 June 2019
Weekly Price Trend: 24-06-2019 to 28-06-2019
- The above given graph focuses on the Toluene price trend for current week.
- This week prices has improved slightly and by end of the week prices were increased by Rs.1/Kg in compare to last week’s closing values and were assessed at the level of Rs.53/Kg for bulk quantity for Kandla and for Mumbai ports of India.
Booking Scenario
INDIA&INTERNATIONAL
- This week domestic market price was assessed at Rs.53/kg for bulk quantity, increased by Rs.1/Kg for bulk quantity.
- CFR India prices were evaluated at USD 655/MT, increased by USD 15/MTS for this week.
- CFR China price of toluene were assessed at the level of USD 650/MT, increased by USD 20/MT for this week. On other side FOB Korea prices were evaluated at USD 625/MT, increased by USD 15/MT for this week.
- CFR south East Asia price were evaluated at USD 650/MT, increased by USD 20/MT for this week.
- Benzene the major source for aromatic products has remained unchanged for this week. FOB Korea values for Benzene were assessed around USD 635/MT, while CFR China prices also remained firm and unchanged for this week.
- Oil prices remained firm on Friday, with focus shifting to the G20 summit where a scheduled meeting between US President Donald Trump and Chinese President Xi Jinping has stirred hopes that trade tensions could ease.
- A trade dispute between the world's two biggest economies has weighed on oil prices, fanning fears that slowing economic growth could dent demand for the commodity.
- According to experts "While there are no expectations of a truce between the two parties, it will set the scene for the OPEC meeting a couple of days later.
- The Organization of Petroleum Exporting Countries (OPEC) and some non-members including Russia, known as OPEC+, will hold meetings on July 1-2 in Vienna to decide whether to extend their supply cuts.
$ 1 = Rs. 69.05
Import Custom Ex. Rate USD/ INR: 70.40
Export Custom Ex. Rate USD/ INR: 68.70
