Toluene Weekly Report 6 December 2019
Weekly Price Trend: 02-12-2019 to 06-12-2019 
- The above given graph focuses on the Toluene price trend for current week. There has been improvement 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.55.75/Kg for bulk quantity for Kandla and for Mumbai Rs.56.75/Kg for bulk quantity.
Booking Scenario
INDIA & INTERNATIONAL
- This week domestic market price was assessed at Rs.55.75/kg for bulk quantity for Kandla and Rs.56.75/Kg for Mumbai port.
- CFR India prices were evaluated at USD 715/MT, increased by USD 15/MT in international prices for this week. This surge has been accommodated in compliance to rise in Benzene prices in international market.
- CFR China price of toluene were assessed at the level of USD 670/MT, slightly improved for this week.CFR SEA prices for this week were assessed around USD 695/MT.
- Benzene the major source for aromatic products also increased for this week. FOB Korea values for Benzene were assessed around USD 700/MT for this week, increased by USD 50/MT for this week, while CFR China prices were assessed at the level of USD 695/MT for this week.
- There has been decline in crude today on contrary as its was anticipate to see a surge in prices after OPEC deciding to cut its production.
- The fall in crude oil futures was mostly due to trimming of positions by traders, in line with weak global cues
- The Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia agreed to more output cuts to avert oversupply early next year as economic growth stagnates amid the U.S.-China trade war.
- As per this agreement, it will cut an extra 500,000 barrels per day (bpd) of production, through tighter compliance and some adjustments. The group has been withholding 1.2 million bpd and the increased amount represents about 1.7% of global oil output.
· On Thursday, closing crude values have increased. WTI on NYME closed at $58.43/bbl. Prices have remained firm. While Brent on Inter Continental Exchange is increased by2.18/bbl in compare to last closing price and was assessed around $63.00/bbl.
$ 1 = Rs. 71.32
Import Custom Ex. Rate USD/ INR: 72.40
Export Custom Ex. Rate USD/ INR: 70.70
