Toluene Weekly Report 24 Nov 2018

Weekly Price Trend: 19-11-2018 to 23-11-2018

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

·         This week prices have decreased. By the end of the week domestic prices were assessed at Rs 58/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.59/kg for Mumbai ports of India.
•  CFR India prices were evaluated at USD 700/mt, decreased by USD40/MT in compare in to last week’s closing values.
•  CFR China price of toluene were assessed at the level of USD 672/mt.
•  FOB Korea prices were evaluated at USD 640/mt, prices reduced by USD 40/MT in compare to previous week.
•   CFR south East Asia price were evaluated at USD 670/mt.
• Crude market has declined by more than 30% in the month of November. Prices have remained vulnerable throughout this week.
• In last one month, crude prices have reached to its lowest level with WTI closed at $54.43 which was earlier $75 per barrel in the first week of October. Decline in crude values has also affected the Indian currency against dollar. Rupee settled at Ra.70.67 reduced by Rs.5 against dollar.

$1 = Rs. 70.67

Import Custom Ex. Rate USD/ INR: 72.95

 Export Custom Ex. Rate USD/ INR: 71.25