07 December 2010 11:19 [Source: ICIS news]
“Toluene [supply] will be long in Asia,” the trader said at the sidelines of the 5th Gulf Petrochemicals and Chemicals Association (GPCA) forum in
This oversupply condition would likely keep toluene prices depressed in 2011, the trader said.
China is the largest importer of toluene in
Notwithstanding the increase in domestic production, China may also see an influx of US material next year, the trader added.
Strong imports amid weak demand had kept toluene inventory levels in eastern China at 120,000–150,000 tonnes since March this year, market sources said.
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