- Wide buy-sell gap keeps the market thin- China's low inventories help
to support domestic China prices





According to trading sources, Asian toluene
prices rose on April 11, due to tight supply and steady demand. Toluene prices have been supported by a lack of
spot availability. Domestic east Chinaprompts ex-tank supplies were
higher Yuan90/mt on the session at Yuan 7.510/mt. This equates to
$941.94/mt based on an import-parity basis. April
ex-tank supplies were discussed at Yuan 7,510-7520/mt, while May was at Yuan
7,560-7.580/mt. Trading sources said that the rise in China
inventories was to blame. Sources said that inventories fell in
April, with east China dropping 10,000/mt, while May was higher at Yuan
7,560-7,580/mt. This is due to lower China inventory levels. Sellers with
cargoes held at levels above $50-60/mt based on buying indications. Market
transactions were stable, with sellers and buyers...