Weekly Toluene Report 20th November 2020

Toluene Report:                                                                                            

• As domestic prices were not published for this week so their domestic prices graph is not being shown over here.
• By end of this week prices were assessed at the level of Rs.49/Kg, for both the ports. Prices have been floating in the range of Rs.48-50/kg for this week.

Booking Scenario

INDIA & INTERNATIONAL

• This week domestic market price was assessed at Rs.49/Kg for bulk quantity for Kandla and for Mumbai port. Domestic prices soft-to-stable for this week.
• CFR India prices were evaluated at USD 485-505/MT for this week. FOB Korea values for
• Toluene were assessed in the range of USD 418-438/MT. CFR China values were assessed in the range of USD 445-465/MT. On other side CFR SEA prices were assessed in the range of 460-480/MT.
• domestic prices of Toluene were assessed at the level of Rs.49/Kg for this week.
• The difficult time has again started as Covid cases has increased abruptly in national capital along with major cities like Mumbai, Ahmedabad. Safety concerns were not given priority during this lockdown which has ended into rise in this pandemic.
• Many state governments have already declared complete lockdown again for 2-3 days during this weekend.
• During this Diwali central government has announced for its third stimulus package to support the Indian economy.
• Crude values witnessed at quintessential increase due to positive sentiment for the vaccine. With positive review for Pfizer and Moderna vaccine has risen the prices in international market despite of rise in Covid infections and increased lockdown measures.

 $ 1 = Rs. 74.16

Import Custom Ex. Rate USD/ INR: 75.20                                            

Export Custom Ex. Rate USD/ INR: 73.50