Asian Toluene Daily Rationale

Asian toluene was rated at $10/mt-$20/mt higher than the
previous session, $1,070/mt-$1,090/mt FOB Korea, and $1,025/mt-$1,055/mt CRC
China May 13. The markers are the average of the third- and
fourth-half-month laycans. At the moment, the markers are H2 June and the first-half June. During the Market on
Close assessment process, no transparent bids or offers had been received. Each June FOB Korea laycan was assessed at $1.070/mt-
$1.080/mt above the afternoon intraday value. This is due to higher crude oil
and downstream prices. Each CFR China
laycan was assessed at $1,025/mt-$1,035/mt after the afternoon intraday. The CFR China-FOB Korean location spread was kept at minus
$45-50/mt. On an import parity basis, the
prompt domestic east China ex-tank price was increased to Yuan 200-230/mt. CFR India toluene cash differential was valued at $155-160/mt.
This...