Asian Toluene: Falls $3-4/mt amid lower domestic China
market- China's Toluene Exports grew 107.1% in June- India stock levels to increase with incoming suppliesDue to lower domestic China prices, Asian
toluene prices fell $3-4/mt and were $943-980/mt FOB Korea on July 22. Spot discussions in China
were held at Yuan 7,700-7.750/mt to facilitate prompt delivery, Yuan
7,650-7.700/mt H2 July delivery, and Yuan 7,230-7.250/mt H2 August delivery.
There was a large July/August backwardation structure. According to statistics news, China exported 104.433 mt
toluene during June, an increase of 107.1% from the previous month. India buyers remained steadfast in their purchases and trade
discussions were sluggish in India. FOB Korea
was offered as a buy option. This included $90-95/mt cargo and no additional
duty. Rupees 91/kg at Kandla port and
Rupees 92/kg at Mumbai port remained the...