Toluene Weekly Report 14 April 2018

Weekly Price Trend: 09-04-2018 to 13-04-2018

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

• This week prices have escalated. By the end of the week domestic prices were assessed at Rs 56/Kg for bulk quantity for Kandla and Rs 55.5/kg for Mumbai ports of India.

Booking Scenario

INDIA&INTERNATIONAL

• This week domestic market price was assessed at Rs 56/kg for Kandla and Rs. 56.5/kg for Mumbai ports of India.
• CFR India prices were evaluated at USD 770/mt, prices have increased in compares to previous week.
• CFR China price of toluene were assessed at the level of USD 720/mt.
• FOB Korea prices were evaluated at USD 710/mt prices has increased in compare to previous week.
• This week toluene prices have escalated with improved demand from end users.
• South Korean Lotte Chemical's Daesan aromatics plant shut its operations as fire broke out. The plant is able to produce 120,000 mt/year of toluene.
• Oil prices have escalated through the week but on Thursday prices have remained mixed.
• On Thursday, closing crude values have mixed. WTI on NYME closed at $67.07/bbl; prices have increased by $0.25/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $0.40/bbl in compared to last trading and was assessed around $72.02/bbl.
• Oil markets remained tense on Thursday on concerns over a military escalation in Syria, although prices were some way off Wednesday's late-2014 highs as bulging U.S. supplies weighed. A trade dispute between the United States and China also kept markets on edge.
• Crude oil prices settled at three-year highs amid ongoing expectations that geopolitical tensions in the Middle East could add a possible ‘fear premium’ to oil, while continued OPEC cuts supported sentiment.

 $1 = Rs. 65.20
 Import Custom Ex. Rate USD/ INR: 65.90
 Export Custom Ex. Rate USD/ INR: 64.20