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South Korea sends 9,500-9,580 mt Toluene to the USA Nov.1-20 | Toluene terms still sparse

South Korea sends 9,500-9,580 mt Toluene to the USA Nov.1-20 | Toluene terms still sparse

Nov 23, 2022

- South Korea sends 9,500-9,580 mt Toluene to the USA
Nov.1-20- Toluene terms still sparse



Prices of Asian toluene were stable, with
domestic supplies in China slightly softer on Nov. 22. After four
consecutive days of volatility, crude oil prices rebounded, although
domestic supplies inb> /b>China were slightly softer Nov. 22. According to industry sources, there were no transparent
offers or bids during the Market on Close assessment in South Korea and China. Imports from Japan were at approximately 24,000 mt. Unv1 was
at 12,000mt. China was at around 3,000mt. Sources in the industry said that the
market participants struggled with Rupees 92/kg price control amid softening
talks. The December loading cargoes buying
indications were heard lower than FOB Korea and $120-$125/mt. This was due
to slower demand than anticipated. Importers had to sell incoming
cargoes below their...

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