Toluene Weekly Report 30 Nov 2018

Weekly Price Trend: 26-11-2018 to 30-11-2018

• The above given graph focuses on the Toluene price trend for current week.
• This week prices have decreased. By the end of the week domestic prices were assessed at Rs 55/Kg for bulk quantity for Kandla and Rs 54/kg for Mumbai ports of India.

Booking Scenario

INDIA&INTERNATIONAL

• This week domestic market price was assessed at Rs 55/kg for Kandla and Rs.54/kg for Mumbai ports of India.
• CFR India prices were evaluated at USD 650/mt, decreased by USD50/MT in compare in to last week’s closing values.
• CFR China price of toluene were assessed at the level of USD 650/mt.
• FOB Korea prices were evaluated at USD 590/mt, prices reduced by USD 5 0/MT in compare to previous week.
• CFR south East Asia price were evaluated at USD 670/mt.
• Crude market has declined by more than 30% in the month of November. Prices have remained vulnerable throughout this week.
• In last one month, crude prices have reached to its lowest level with WTI closed at $54.43 which was earlier $75 per barrel in the first week of October. Decline in crude values has also affected the Indian currency against dollar. Rupee settled at Ra.70.6 reduced by Rs.5 against dollar.
• Benzene FOB Korea prices declined by more than USD 25/MT in this week. On other side CFR China prices reduced by USD 30/MTS and were assessed at the rate of 655/MT.
• Decline in crude values has affected petrochemical market heavily. Before Iran sanctions the market was on great high with fear of decline in crude supply. Crude supply from Saudi was also reduced internationally to built up the crude values. As a result most of the crude from Iran was dumped into the China market.

 $1 = Rs. 69.65

 Import Custom Ex. Rate USD/ INR: 72.95

 Export Custom Ex. Rate USD/ INR: 71.25