Toluene Weekly Report 29 July 2017

Weekly Price Trend: 24-07-2017 to 28-07-2017

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

• This week prices have followed firm trend. By the end of the week domestic prices were assessed at Rs 44.5Kg for bulk quantity for Kandla and Mumbai ports of India.

Booking Scenario

INDIA&INTERNATIONAL

• This week domestic market price was assessed at Rs 44/kg for Kandla and Rs. 44/kg for Mumbai ports of India.
• CFR India prices were evaluated at USD 630/mt, prices have decreased in compares to previous week.
• CFR China price of toluene were assessed at the level of USD 620/mt.
• FOB Korea prices were evaluated at USD 600/mt prices has remained firmin compare to previous week.
• This week toluene prices have remained firm in domestic market no major deals and discussion has been heard.
• Presently on account of uncertain monsoon condition demand sentiments from end users have been bearish. Market players are buying only need based.
• This week oil prices have followed up trend. On Thursday oil prices have boosted 8 weeks high on a hope that a steeper-than-expected decline in U.S. crude oil inventories will reduce global oversupply.
• Some players said that expectations that the long-oversupplied market is moving towards balance were also supported news that Saudi Arabia plans to limit crude exports to 6.6 million barrels per day (bpd) in August, about 1 million bpd below the level last year. Some producers announced plans to cut spending this year as a result of low oil prices.

  $1 = Rs. 64.16         
 Import Custom Ex. Rate USD/ INR: 65.20
 Export Custom Ex. Rate USD/ INR: 63.50