Toluene Weekly Report 21 July 2018
Weekly Price Trend: 16-07-2018 to 20-07-2018
- The above given graph focuses on the Toluene price trend for current week.
- This week prices have plunged. By the end of the week domestic prices were assessed at Rs 56/Kg for bulk quantity for Kandla and Rs 57/kg for Mumbai ports of India.
Total import at various ports of India June, 2018
Above graph represents the total imported quantity of Toluene for the month of June 2018. As per graph last month total imports was around 56900MT. Last month at Kandla port imports were higher while at Kolkata port imports were lesser.
Booking Scenario
INDIA&INTERNATIONAL
- This week domestic market price was assessed at Rs 56/kg for Kandla and Rs. 57/kg for Mumbai ports of India.
- CFR India prices were evaluated at USD 790/mt, prices have remained firm in compares to previous week.
- This week Toluene prices have remained firm on account of bearish demand sentiments from end users.
- CFR China price of toluene were assessed at the level of USD 765/mt.
- FOB Korea prices were evaluated at USD 745/mt prices has remained firm in compare to previous week.
- CFR south East Asia price were evaluated at USD 795/mt.
- Toluene inventories at ports in eastern China fell to 35,200 tonnes in the week ended.
- This week oil prices have followed mixed trend. On Thursday, Brent crude fell as concerns about mounting supply returned after a brief rally on comments that Saudi Arabia's exports would fall in August. Crude also strengthened on forecasts that inventories at the U.S. oil delivery hub for WTI in Cushing, Oklahoma fell 1.8 million barrels, or 6.2 percent.
- On Thursday, closing crude values have remained mixed. WTI on NYME closed at $69.46/bbl; prices have increased by $0.70/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $0.32/bbl in compare to last closing price and was assessed around $72.58/bbl.
$1 = Rs. 68.87
Import Custom Ex. Rate USD/ INR: 69.60
Export Custom Ex. Rate USD/ INR: 67.90
