Toluene Weekly Report 11 March 2017

Weekly Price Trend: 06-03-2017 to 10-03-2017

• The above given graph focuses on the Toluene price trend for current week.

• This week prices have followed weak trend. By the end of the week domestic prices were assessed Rs 50/Kg for bulk quantity for Kandla and Rs.50/kg for bulk quantity for Mumbai ports of India.

Booking Scenario

INDIA&INTERNATIONAL

• This week domestic market price was assessed at Rs 50/kg for Kandla and Rs. 50/kg for Mumbai ports of India.
• CFR India prices were evaluated at USD 700/mt, prices have decreased in compares to previous week.
• CFR China price of toluene were assessed at the level of USD 665/mt.
• FOB Korea prices were evaluated at USD 655/mt prices has decreasedin compare to previous week.
• Toluene market was remained weaker this week as demand sentiments have been dull.
• As per market players on account of upcoming festive season of holi market demand will be feeble in upcoming month.
• Thailand’s IRPC restarts its aromatics unit after turnaround. Plant has been shut since 8 February, The unit having the production capacity of  130,000 tonnes/year of toluene.
• China's Qingdao Lidong Chemical plans to shut its aromatics unit in March.
• This week oil prices have tumbled. In five days duration US oil prices have plunged around 7.5% while Brent oil have decreased 6.6% as record U.S. crude inventories fed doubts about whether OPEC-led supply cuts would reduce a global glut.
• As per report, declining oil prices have helped U.S. and global energy companies get back into the investing but analyst said that there's not enough money going into longer-term projects and if things don't change, oil prices could spike and supply could be short.

  $1 = Rs. 66.60                                               
 Import Custom Ex. Rate USD/ INR: 67.65
 Export Custom Ex. Rate USD/ INR: 66.00