Toluene Weekly Report 9 August 2019

Weekly Price Trend: 05-08-2019 to 09-08-2019

• The above given graph focuses on the Toluene price trend for current week.
• This week prices remained volatile throughout this week. By end of the week prices were assessed at the level of Rs.57/Kg for bulk quantity for Kandla and for Mumbai ports of India reduced by Rs.4/Kg for bulk quantity.

Booking Scenario

INDIA & INTERNATIONAL 

• This week domestic market price was assessed at Rs.57/kg for bulk quantity decreased by Rs.4/Kg in compare to last week’s closing values.
• CFR India prices were evaluated at USD 670/MT, decreased by USD 20/MT for this week.
• CFR China price of toluene were assessed at the level of USD 660/MT, reduced by USD 25/MT values for this week. On other side FOB Korea prices were evaluated at USD 640/MT, reduced by USD 20/MTS for this week.
• CFR south East Asia price were evaluated at USD 700/MT, with no change in values for this week.
• Benzene the major source for aromatic products has also declined for this week. FOB Korea values for Benzene were assessed around USD 630/MT, decreased by USD 33/MT for this week, while CFR China prices also reduced and were assessed at the level of USD 625/MT for this week.
• The ongoing tensions between India and neighboring state have been a matter of concern. The neighboring state has cut down its all ties with India. Although this will not have major impact on India economy.
• Oil prices have still lost more than 20% from peaks reached in April.
• Oil prices fell on Friday amid fears over demand as the US-China trade row casts its shadow over markets, although prices got some support from expectations of more OPEC production cuts.
• Global financial markets have been rocked over the past week after US President Donald Trump said he would impose 10% tariffs on more Chinese goods starting September and as a fall in the Chinese yuan sparked fears of a currency war. "The tentative oil rebound could be short-lived as the US-China trade dispute is providing no real reasons to be optimistic. 

$ 1 = Rs. 70.74

Import Custom Ex. Rate USD/ INR: 70.00                                            

Export Custom Ex. Rate USD/ INR: 68.30