Toluene Weekly Report 4 Jan 2019

Weekly Price Trend: 31-12-2018 to 04-01-2019

• The above given graph focuses on the Toluene price trend for current week.
• This week prices have remained stable for this week. By the end of the week domestic prices were assessed at Rs. 48/Kg for bulk quantity for Kandla and for Mumbai ports of India.

Booking Scenario

INDIA&INTERNATIONAL 

• This week domestic market price was assessed at Rs 48/kg for Kandla and for Mumbai ports of India.
• CFR India prices were evaluated at USD 570/MT, increased by USD 20/MT in compare to last week’s closing values. CFR China price of toluene were assessed at the level of USD 560/MT.
• FOB Korea prices were evaluated at USD 530/MT, improved by USD 20/MT in compare to previous week.
• CFR south East Asia price were evaluated at USD 565/MT. Benzene FOB Korea prices slightly improved by USD 5/MT for this week. FOB Korea values were assessed around USD 520/MT. On other side CFR China prices for Benzene were assessed USD 540/MT for this week.
• There has been significant lowering in crude prices in last few weeks. With end of week last week Brent and WTI witnessed hike in its values on back of improvement in US and CHINA trade talks.
• Oil prices increased by more than 1 percent on Monday with an optimistic view of discussion between USD and Chinese delegations. This could lead to supply cuts by major producers to support the market.
• Brent crude futures were at $57.75 per barrel at 0404 GMT, up 69 cents, or 1.2 percent, from their last close. U.S. West Texas Intermediate (WTI) crude oil futures were at $48.67 per barrel, up 71 cents, or 1.5 percent.

 $1 = Rs. 69.87

 Import Custom Ex. Rate USD/ INR: 71.25

 Export Custom Ex. Rate USD/ INR: 69.55