Toluene Weekly Report 3 June 2017

Weekly Price Trend: 29-05-2017 to 02-06-2017
 

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

• This week prices have followed volatile trend. By the end of the week domestic prices were assessed at Rs 44.25/Kg for bulk quantity for Kandla and Rs.44.25/kg for bulk quantity for Mumbai ports of India.

Booking Scenario

 
INDIA&INTERNATIONAL

• This week domestic market price was assessed at Rs 44.25/kg for Kandla and Rs. 44.25/kg for Mumbai ports of India.
• CFR India prices were evaluated at USD 680/mt, prices have decreased in compares to previous week.
• CFR China price of toluene were assessed at the level of USD 640/mt.
• FOB Korea prices were evaluated at USD 615/mt prices has decreasedin compare to previous week.
• Weaker upstream energy values and bearish downstream benzene rates together pushed toluene prices in Asia lower.
• This wek toluene prices fall was supported by plentiful product availability in the region.
• FOB Korea and CFR China prices of feedstock Benzene were evaluated at USD 750/mt and USD 765/mt respectively.
• This week oil prices have followed volatile trend. After OPEC, Russia and other producers extended their agreement to curb output by 1.8 million barrels a day for another nine months, to force a rebalancing of the oil market, the bearish tone in the oil sector resurfaced.
• As per report, U.S. oil supplies dropped by 6.4 million barrels last week, a positive for the market and a much bigger decline than expected. On Thursday U.S. crude up slightly after a larger-than-expected domestic inventory drawdown.
• As per market report, U.S. production increased, and the expectation is that ongoing activity in U.S. shale will continue to boost output, offsetting OPEC efforts

 
 $1 = Rs. 64.44         
 Import Custom Ex. Rate USD/ INR: 65.35
 Export Custom Ex. Rate USD/ INR: 63.70