Toluene Weekly Report 17 Feb 2018
Weekly Price Trend: 09-02-2018 to 16-02-2018
- 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 49/Kg for bulk quantity for Kandla and Rs 49/kg for Mumbai ports of India.
Booking Scenario
INDIA&INTERNATIONAL
- This week domestic market price was assessed at Rs 49/kg for Kandla and Rs. 49/kg for Mumbai ports of India.
- CFR India prices were evaluated at USD 720/mt, prices have plunged in compares to previous week.
- CFR China price of toluene were assessed at the level of USD 755/mt.
- FOB Korea prices were evaluated at USD 720/mt prices has plunged in compare to previous week.
- As per report, Europe toluene prices continue downward trend on account of softer crude oil prices.
- This week oil prices have followed volatile trend. Oil prices extended gains on Thursday as a weak dollar and supportive comments from Saudi Arabia outweighed record U.S. production and rising inventories.
- On Thursday, closing crude values have remained mixed. WTI on NYME closed at $61.34/bbl; prices have increased by $0.74/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.03/bbl in compared to last trading and was assessed around $64.33/bbl.
- On Friday Oil prices edged higher as the dollar stood near a three-year low in subdued Asian trade, with many markets closed for the Lunar New Year holiday.
- As per market players, Oil is getting support from a rebound in global stock markets and a weak dollar, but the upside is limited due to a projection for rising U.S. production.
$1 = Rs. 64.21
Import Custom Ex. Rate USD/ INR: 64.50
Export Custom Ex. Rate USD/ INR: 62.85
