Toluene Weekly Report 31 July 2020
Weekly Price Trend: 27-07-2020 to 31-07-2020
- The above given graph focuses on the Toluene price trend for current week. There has been slight decline in domestic values for Toluene.
- This week prices remained stable for most of the week with slight decline by end of the week. Prices were assessed at the level of Rs.36/Kg for Kandla and for Mumbai port. Prices reduced by Rs.1/Kg for this week.
Booking Scenario
INDIA & INTERNATIONAL
- This week domestic market price was assessed at Rs.36/kg for bulk quantity for Kandla and for Mumbai port. Domestic prices slightly reduced for this week.
- CFR India prices were evaluated at USD 415-435/MT for this week. FOB Korea values for Toluene was assessed around USD 495-515/MT for this week. There has been decline of USD 5/MT for this week.
- CFR China price of toluene were assessed at the level of USD 423/MT for this week slightly corrected by USD 5/MTS for this week. While CFR SEA prices for this week were assessed around USD 440/MT.
- FOB Korea values for Benzene were assessed around USD 450/MT for this week. There has been a rise of USD 15/MT in Benzene values. CFR China prices were assessed at the level of USD 445MT for this week.
- There has been improvement in Benzene prices across the global market. On other side Toluene prices have been confined to float with minimal difference every week.
- Chinese firms are facing tough time as most of the countries blame China for the rise of this pandemic. Covid 19 was first observed in Chinese province Wuhan. This pandemic has stalled all the major economies of the world.
- BASF has declared force majeure from its toluene diisocyanate (TDI) plant in Geismar, Louisiana. There has been enough supply for the chemical to meet up the demand since last few months. Earlier the consumption was reduced due to outbreak of coronavirus. The plant based at Louisiana has a capacity of 160,000 tonnes/year.
$ 1 = Rs. 74.81
Import Custom Ex. Rate USD/ INR: 76.10
Export Custom Ex. Rate USD/ INR: 74.40
