Toluene Weekly Report 1 March 2019

Weekly Price Trend: 25-02-2019 to 01-03-2019

• The above given graph focuses on the Toluene price trend for current week.
• This week prices remained soft-to stable firm and there has been decline in values. By the end of the week domestic prices were assessed at Rs.52/Kg for bulk quantity for Kandla and for Mumbai ports of India.

Booking Scenario

INDIA&INTERNATIONAL

• This week domestic market price was assessed at Rs.52/kg for Kandla and for Mumbai ports of India.
• CFR India prices were evaluated at USD 630/MT, increased by USD 20/MT in compare to last week’s closing value.
• CFR China price of toluene were assessed at the level of USD 648/MT, increased by USD8/MT for this week.
• FOB Korea prices were evaluated at USD 630/MT, increased by USD 10/MT in compare to previous week.
• CFR south East Asia price were evaluated at USD 655/MT. Benzene FOB Korea prices remained soft-to-stable for this week. FOB Korea values were assessed around USD 610/MT. On other side CFR China prices for Benzene were assessed USD 630/MT for this week.
• The ongoing border tensions and war like situations between India and Pakistan had an adverse impact on Indian trade relation with neighboring nation. Moreover such heinous attacks affect the economy of the country as well.
• Oil prices rose on Friday as markets tightened amid output cuts by producer club OPEC, but surging U.S. supply and a global economic slowdown prevented crude from climbing further.
• In Venezuela, oil exports have plunged by 40 percent to around 920,000 barrels per day (bpd) since the U.S. government slapped sanctions against its petroleum industry on Jan. 28.
• This drop comes as the Organization of the Petroleum Exporting Countries (OPEC), of which Venezuela is a founding member, has led efforts since the start of the year to withhold around 1.2 million bpd of supply to prop up prices.
• Moreover the weak results from China have also affected the global economy. China's February factory activity fell for a third month as the world's second-largest economy continued to struggle with weak export orders, a private survey showed on Friday.

 $ 1 = Rs. 70.85

 Import Custom Ex. Rate USD/ INR: 72.00

 Export Custom Ex. Rate USD/ INR: 70.30