Weekly Toluene Report 25th December 2020

Weekly Price Trend: 07-12-2020 to 11-12-2020

• Domestic prices remained firm stable to firm for this week. As the week proceeded further there was rise in values in Indian domestic market. By end of the week prices were assessed the level of Rs.51/Kg for Kandla port and Rs.52/Kg for Mumbai port.
• By end of this week prices were assessed at the level of Rs.51-52/Kg, for both the ports. Prices have been floating in the range of Rs.51-53/kg for this week.

Booking Scenario

INDIA & INTERNATIONAL

• This week domestic market price was assessed at Rs.51/Kg for bulk quantity for Kandla and Rs.52/Kg for Mumbai port. Domestic prices stable to firm for this week.
• CFR India prices were evaluated at USD 560-580/MT for this week. Prices increased by USD 15/MT for this week. FOB Korea values for Toluene was assessed around USD 485/MT for this week. Prices reduced slightly by USD 10/MT for this week. On other side CFR China prices were assessed around USD 505/MT for this week.
• CFR SEA prices were assessed around USD 500/MT for this week.
• FOB Korea values for Benzene were assessed in the range of USD 630/MT, reduced by USD 8/MT for this week. Despite decline in Benzene prices, Toluene values increased slightly in Indian market. Earlier there was continuous rise in Toluene prices due to strengthening of Benzene and crude prices. CFR China values for Benzene were assessed around USD 610/MT.
• Domestic prices of Toluene were assessed at the level of Rs.51/Kg for this week.
• Market remained stable and is likely to remain balanced as possibility of more demand for
• Prices in the market of South Korea remained stable with no major changes.
• The next week is likely to remain balanced as many of the markets will remain closed due to new year celebrations.

$ 1 = Rs. 73.54

Import Custom Ex. Rate USD/ INR: 74.45                                            

Export Custom Ex. Rate USD/ INR: 72.75