Prices upon strong fundamentals China's domestic prices firm marginally



Due to limited cargoes and
thin trades, Asian toluene prices increased by $10-12/mt. Prices rose partially in line with the upstream naphtha and
downstream benchmarks, such as paraxylene. Although sentiment remained high, discussions were limited
as most May cargoes were placed and June's availability was not yet known,
trading sources stated. A trader stated
that discussions are very thin right now, and not much for Southeast Asia. Another trader stated that the market was quiet and that
they were waiting for energy to increase literally. According to broking sources, the domestic China market was
not being discussed much and there were not many deals. The prompt ex-tank supplies rose from Yuan 120-160/mt on the day, to
Yuan 7,580-7,650/mt. This equates to $1,020-1,050/mt. However, this is still a...