Toluene Weekly Report 29 April 2017

Weekly Price Trend: 24-04-2017 to 28-04-2017

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

• This week prices have followed weak trend. By the end of the week domestic prices were assessed Rs 46/Kg for bulk quantity for Kandla and Rs.46/kg for bulk quantity for Mumbai ports of India.

Booking Scenario

INDIA&INTERNATIONAL

• This week domestic market price was assessed at Rs 46/kg for Kandla and Rs. 46/kg for Mumbai ports of India.
• CFR India prices were evaluated at USD 680/mt, prices have remained firm in compares to previous week.
• CFR China price of toluene were assessed at the level of USD 650/mt.
• FOB Korea prices were evaluated at USD 625/mt prices has decreasedin compare to previous week.
• FOB Korea and CFR China prices of Benzene were evaluated at USD 765/mt and USD 775/mt respectively.
• Toluene market remained bearish this week at demand front no major deals have been heard while on supply front material was available in good amount.
• China’s WEPEC runs Dalian aromatics unit at around 75% rate. The plant can produce 87,000 tonnes/year of benzene; 374,000 tonnes/year of toluene.
• As per market analyst As gas prices drop, that creates an undertow for the entire crude oil market. The outlook for oil prices will remain unstable. decline in crude prices and therefore petroleum product prices also means corresponding reduction in prices of some of the raw materials for the petrochemical industry. Hence, it can be a factor in improving the profitability of that industry.

  $1 = Rs. 64.24                                                   
 Import Custom Ex. Rate USD/ INR: 65.55
 Export Custom Ex. Rate USD/ INR: 63.85