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Asian Toluene - FOB Korea marker drops $33-38/mt on weaker aromas complex | China: Ex-tank prices become more affordable | India's extant discussions rebound

Jul 30, 2022

Asian Toluene - FOB Korea marker drops $33-38/mt on
weaker aromas complex- China: Ex-tank prices become more affordable- India's extant discussions reboundAsian toluene prices fell on July 29, the
day before rollover on August 1. This was in line with the rest of the aromatics. The benchmark paraxylene price fell $23-28/mt to
$1,120.67-1,160.50/mt CFR Taiwan/China. Isomer-MX dropped $10-15/mt FOB Korea
that day. Ex-tank China supplies were significantly lower
after the July contract expired on July 29. The whole
complex was led softly, without any disproving prices or information. Yuan 280-330/mt
was the prompt domestic east China ex tank price. This is Yuan 7,540-7,600/mt
lower than the previous day, which equates to $966.02-980.50/mt if you consider
import-parity. According to an industry source, today is the
last day of July. "Everyone is busy. [There is] no actual firm buy/sell...

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