Weekly Toluene Report 29th January 2021

             Weekly Price Trend: 25-01-2021 to 29-01-2021

• Domestic prices remained firm for this week. As the week proceeded further prices remained flat throughout the week.
• By end of the week prices were assessed the level of Rs.46.5/Kg for Kandla port and for Mumbai port.

Booking Scenario

INDIA & INTERNATIONAL

• This week domestic market price was assessed at Rs.47/Kg for bulk quantity for Kandla and for Mumbai port. Domestic prices remained firm with no major changes in domestic prices.
• CFR India prices were evaluated at USD 650-680/MT for this week. Prices increased by USD 10/MT for this week.
• FOB Korea values for Toluene was assessed around USD 580/MT for this week. Prices has improved slightly for this week.
• CFR China prices were assessed around USD 553/MT on Friday closing.
• CFR SEA prices were assessed around USD 560/MT for this week.
• FOB Korea values for Benzene were assessed in the range of USD 660/MT, with no change in prices for this week. CFR China values for Benzene were assessed around USD 655/MT.
• Experts believe that market trend would remain stable to low trend.
• Market is likely to remain softened as no major announcements were heard in the international market. However, the shortage in the availability of container in Middle East has affected the petrochemical segment badly and condition is likely to continue for few more weeks.
• Domestic market is waiting for the announcement of budget next week. All are keeping their eyes for the announcement of new policies and amendments in existing one. 

1$ = Rs. 72.95

Import Custom Ex. Rate USD/ INR: 73.85                                            

Export Custom Ex. Rate USD/ INR: 72.10