Toluene Weekly Report 16 june 2018

Weekly Price Trend: 11-06-2018 to 15-06-2018

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

• This week prices have remained firm. By the end of the week domestic prices were assessed at Rs 58/Kg for bulk quantity for Kandla and Rs 58/kg for Mumbai ports of India.

Booking Scenario

INDIA&INTERNATIONAL

• This week domestic market price was assessed at Rs 58/kg for Kandla and Rs. 58/kg for Mumbai ports of India.
• CFR India prices were evaluated at USD 840/mt, prices have remained firm in compares to previous week.
• Presently toluene market has remained firm no major deals have been heard from end users.
• CFR China price of toluene were assessed at the level of USD 805/mt.
• FOB Korea prices were evaluated at USD 780/mt prices has increased in compare to previous week.
• CFR south east Asia price were evaluated at USD 815/mt.
• Sinopec Zhenhai Refining and Chemical Company based at Zhejiang province restarts its aromatics units.
• East China toluene spot prices continue to plunge.
• In China market Toluene is expected to continue finding support from low inventories.
• In East China, toluene stocks of 22,000 mt as of last week were seen as relatively low compared with a year-to-date average of 43,500 mt.
• This week crude oil prices have followed mixed trend. On Thursday oil prices were lower, facing pressure from evidence of rising U.S. output and uncertainty over the outlook for supply.
• On Thursday, closing crude values have remained mixed. WTI on NYME closed at $66.89/bbl; prices have increased by $0.25/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.86/bbl in compare to last closing price and was assessed around $76.74/bbl.

 $1 = Rs. 68.01
 Import Custom Ex. Rate USD/ INR: 67.85
 Export Custom Ex. Rate USD/ INR: 66.15