Toluene Weekly Report 6 September 2019

Weekly Price Trend: 02-09-2019 to 06-09-2019

• The above given graph focuses on the Toluene price trend for current week.
• This week prices remained weak throughout this week. By end of the week prices were assessed at the level of Rs.56/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.56/kg for bulk quantity remained unchanged for bulk quantity in compare to last week’s closing values.
• CFR India prices were evaluated at USD 75/MT, increased by USD 15/MT for this week.
• CFR China price of toluene were assessed at the level of USD 689/MT, increased by USD 12/MT values for this week. On other side FOB Korea prices were evaluated at USD 665/MT, increased by USD 15/MTS for this week.
• CFR south East Asia price were evaluated at USD 680/MT, remained unchanged for this week.
• The ongoing tensions between India and neighboring state have been a matter of concern. The neighboring state has cut down its all ties with India. Although this will not have major impact on India economy.
• Benzene the major source for aromatic products has also improved for this week. FOB Korea values for Benzene were assessed around USD 687/MT, increased by USD 7/MT for this week, while CFR China prices also improved and were assessed at the level of USD 687/MT for this week.
• On Thursday, closing crude values have increased. WTI on NYME closed at $56.30/bbl. Prices have increased by 0.04/bbl in compared to last closing prices. While Brent on Inter Continental Exchange is increased by 0.25/bbl in compare to last closing price and was assessed around $60.95/bbl. 

$ 1 = Rs. 71.72

Import Custom Ex. Rate USD/ INR: 72.80                                            

Export Custom Ex. Rate USD/ INR: 71.10