Toluene Weekly Report 2 June 2018

Weekly Price Trend: 28-05-2018 to 01-06-2018

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

• This week prices have fluctuated. By the end of the week domestic prices were assessed at Rs 59/Kg for bulk quantity for Kandla and Rs 59/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 815/mt, prices have decreased in compares to previous week.
• CFR China price of toluene were assessed at the level of USD 785/mt.
• FOB Korea prices were evaluated at USD 770/mt prices has decreased in compare to previous week.
• As per report, South Korea's Lotte Chem will increase the production capacity of its aromatics unit at Yeosu towards the end of the third quarter.
• This week Toluene prices have plunged on bearish demand sentiments from end users.
• China mixed aromatics import margins plunged on lower domestic selling prices.
• As per report, South  Korea's Lotte Chem plans to expand its Yeosu aroms capacity in Q3.
• This week oil prices have remained mixed. On Thursday U.S. crude prices sank after a brief rally in the previous session, but as per analysis the recent slump in oil prices won't last much longer.
• On Thursday, closing crude values have remained mixed. WTI on NYME closed at $67.04/bbl; prices have decreased by $1.17/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.09/bbl in compared to last trading and was assessed around $77.59/bbl.

 $1 = Rs. 67.05
 Import Custom Ex. Rate USD/ INR: 68.65
 Export Custom Ex. Rate USD/ INR: 66.95