Toluene Weekly Report 31 May 2019

Weekly Price Trend: 27-05-2019 to 31-05-2019

• The above given graph focuses on the Toluene price trend for current week.
• This week prices remained stable and by end of the week there was no change in values comparing last week prices.
• By the end of the week domestic prices were assessed at Rs.52/Kg for bulk quantity for Kandla and for Mumbai ports of India.

Booking Scenario

INDIA&INTERNATIONAL 

• This week domestic market price was assessed at Rs.52/kg for bulk quantity, reduced by Rs.1/Kg for bulk quantity.
• CFR India prices were evaluated at USD 645/MT, reduced by USD 20/MTS for this week.
• CFR China price of toluene were assessed at the level of USD 635/MT, reduced by USD 20/MT for this week. On other side FOB Korea prices were evaluated at USD 620/MT, reduced by USD 20/MT for this week.
• CFR south East Asia price were evaluated at USD 685/MT, reduced by USD 20/MT for this week.
• Benzene FOB Korea prices, this week has improved significantly for this week. FOB values were assessed around USD 635MT reduced by USD 10/MT for this week. On other side CFR China prices for Benzene were assessed USD 640/MT, increased by USD 20/MT for this week.
• Oil prices have been plunging to its lowest levels since March 2019. The reason behind this has been the stockpiling in US since March 2019 following a smaller than expected drop in weekly inventories.
• West Texas was recorded at $ 56.55/barrel this week, decline by 4% in this week. On other side, Brent was recorded at $66.4/barrel declined by 4.4% for this month.
• On Thursday day, closing crude values have decreased. WTI on NYME closed at $56.59/bbl. Prices have decreased by 2.22/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $2.58/bbl in compare to last closing price and was assessed around $66.87/bbl.

$ 1 = Rs. 69.68

Import Custom Ex. Rate USD/ INR: 71.15                                            

Export Custom Ex. Rate USD/ INR: 69.50