Toluene Weekly Report 02 Dec 2017

Weekly Price Trend: 27-11-2017 to 01-12-2017

• 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 at Rs 50.5/Kg for bulk quantity for Kandla and Rs 50.5/kg for Mumbai ports of India.

Booking Scenario

 
INDIA&INTERNATIONAL

• This week domestic market price was assessed at Rs 50.5/kg for Kandla and Rs. 50.5/kg for Mumbai ports of India.
• CFR India prices were evaluated at USD 760/mt, prices have decreased in compares to previous week.
• CFR China price of toluene were assessed at the level of USD 715/mt.
• FOB Korea prices were evaluated at USD 700/mt prices has increased in compare to previous week.
• As per report, Malaysia’s Lotte Chemical Titan is considering to issue a toluene term export tender for 2018.
• Sinopec hikes south China toluene prices.
• Europe toluene market softer as China interest dries up.
• This week crude oil prices have followed mixed trend. On Thursday oil prices have escalated OPEC members, Russia and nine other producers agreed to extend a deal to limit their production through 2018.
• On Thursday, closing crude values have increased. WTI on NYME closed at $57.40/bbl; prices have decreased by $0.10/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.46/bbl in compared to last trading and was assessed around $63.57/bbl.
• As per report, the producers will indeed review the deal at the next OPEC meeting in June. Some market were concerned that a nine-month extension could cause markets to quickly tighten, leading to undersupply that results in a price spike.

 $1 = Rs. 64.46
 Import Custom Ex. Rate USD/ INR: 66.20
 Export Custom Ex. Rate USD/ INR: 64.50