Toluene Weekly Report 13 Jan 2018
Weekly Price Trend: 08-01-2018 to 12-01-2018
- The above given graph focuses on the Toluene price trend for current week.
- This week prices have increased. By the end of the week domestic prices were assessed at Rs 50/Kg for bulk quantity for Kandla and Rs 50/kg 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 780/mt, prices have increased in compares to previous week.
- CFR China price of toluene were assessed at the level of USD 745/mt.
- FOB Korea prices were evaluated at USD 725/mt prices has increased in compare to previous week.
- This week with the increase in demand sentiment from end users toluene prices have escalated in Asia.
- Toluene spot prices in east China stayed on an uptrend in the week because of strong crude oil and low inventory.
- Europe toluene market remains firm amid crude oil ongoing strength
- This week crude oil prices have followed up velocity. On Thursday Brent crude oil hit a more than three-year high breaking through the psychologically important $70 a barrel level for the first time since December 2014.
- On Thursday, closing crude values have increased. WTI on NYME closed at $63.80/bbl; prices have increased by $0.23/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.06/bbl in compared to last trading and was assessed around $69.26/bbl.
$1 = Rs. 63.61
Import Custom Ex. Rate USD/ INR: 64.50
Export Custom Ex. Rate USD/ INR: 62.80
