Toluene Weekly Report 3 January 2020

 Weekly Price Trend: 30-12-2019 to 03-01-2020

• The above given graph focuses on the Toluene price trend for current week. There has been no change in prices for this week.
• This week prices remained firm and stable for most of the week. By end of the week prices were assessed at the level of Rs.62/Kg for bulk quantity for Kandla and for Mumbai Rs.63/Kg for bulk quantity.

Booking Scenario

INDIA & INTERNATIONAL

• This week domestic market price was assessed at Rs.62/kg for bulk quantity for Kandla and Rs.63/Kg for Mumbai port.
• CFR India prices were evaluated at USD 720/MT, with no change in prices for this week. CFR China price of toluene were assessed at the level of USD 680/MT, remained stable for this week.CFR SEA prices for this week were assessed around USD 715/MT.
• Benzene the major source for aromatic products also remained stable with no change in prices for this week. FOB Korea values for Benzene were assessed around USD 735/MT for this week, while CFR China prices were assessed at the level of USD 730/MT for this week.
• Crude prices have been soaring up today as there has been tension growing between Iran and US. Brent crude futures jumped by close to $3 on Friday to their highest since September after a US air strike killed key Iranian and Iraqi military personnel, raising concerns that escalating Middle East tensions may disrupt oil supplies.
• The supply side risks remain elevated in the Middle East and we could see tensions continue to elevate between the U.S. and Iran-backed militia in Iraq.
• Oil prices still have room for further upside as many analysts still have to upgrade their demand forecasts to include a rather calm period on the trade front.

$ 1 = Rs. 71.80

Import Custom Ex. Rate USD/ INR: 72.15                                            

Export Custom Ex. Rate USD/ INR: 70.45