Toluene Weekly Report 8 April 2017

Weekly Price Trend: 03-04-2017 to 07-04-2017

• The above given graph focuses on the Toluene price trend for current week.

• This week prices have followed up trend. By the end of the week domestic prices were assessed Rs 48.5/Kg for bulk quantity for Kandla and Rs.48.5/kg for bulk quantity for Mumbai ports of India.

Total import for last six months

Above graph represents the total import quantity of Toluene in previous six months. As per chart In total imports were around 169167mt.In last six months in the month of January, 2017 higher quantity has been imported while in September import were lesser.

Booking Scenario

 
INDIA&INTERNATIONAL

• This week domestic market price was assessed at Rs 48.5/kg for Kandla and Rs. 48.5/kg for Mumbai ports of India.
• CFR India prices were evaluated at USD 770/mt, prices have remained firm in compares to previous week.
• CFR China price of toluene were assessed at the level of USD 655/mt.
• FOB Korea prices were evaluated at USD 635/mt prices has increasedin compare to previous week.
• FOB Korea and CFR China prices of Benzene were evaluated at USD 850/mt and USD 850/mt respectively.
• China toluene prices edge up with the increase in the crude oil prices.
• As per source toluene FOB Korea June offers were at $790-792/tone.
• As per market analyst the dollar has come under some pressure of late and this pushes up oil as well as the U.S. dollar value of offshore earnings.
• Traders say oil is likely to remain in its recent wide range. OPEC Secretary said that that the oil market is already rebalancing and global oil inventories are starting to come down after three months of output cuts by OPEC and their 11-non-OPEC partners. While rising U.S. crude production has some OPEC members calling for an extension of the cuts through December.

  $1 = Rs. 64.28                                                   
 Import Custom Ex. Rate USD/ INR: 65.90
 Export Custom Ex. Rate USD/ INR: 64.20