Toluene Weekly Report 31 March 2017

Weekly Price Trend: 27-03-2017 to 31-03-2017

• 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 Rs 47/Kg for bulk quantity for Kandla and Rs.47/kg for bulk quantity for Mumbai ports of India.

Booking Scenario

INDIA&INTERNATIONAL

• This week domestic market price was assessed at Rs 47/kg for Kandla and Rs. 47/kg for Mumbai ports of India.
• CFR India prices were evaluated at USD 770/mt, prices have decreased 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 630/mt prices has decreasedin compare to previous week.
• FOB Korea and CFR China prices of Benzene were evaluated at USD 805/mt and USD 810/mt respectively.
• As per source toluene FOB Korea June offers were at $790-792/tone.
• Toluene market was remained weak this week as demand sentiments also remained fickle.
• As per report, East China toluene prices edge downwards tracking weaker crude.
• This week with the little volatility prices have remained on the higher note with the expectation of extended supply cut. Brent and WTI crude both were assessed above $50 per barrel. Crude prices remain over 4 percent higher than they were on Tuesday. On Thursday prices have escalated as Kuwait gave its backing for an extension of OPEC production cuts in an attempt to reduce global oversupply.

  $1 = Rs. 64.85                                                   
 Import Custom Ex. Rate USD/ INR: 66.20
 Export Custom Ex. Rate USD/ INR: 64.50