14 September 2012 09:58 [Source: ICIS news]
This follows the previous record high of Rs76.00/kg ex-tank on 6 September.
Domestic prices of toluene have been boosted by lacklustre import activity brought about by high CFR India prices at $1,250-1,270/tonne ($963-978/tonne) CFR India, delays in shipments as well as the strong depreciation of the Indian rupee against the US dollar earlier in the year, according to sources.
Domestic demand is good due to the shortage of imported material now, said a local buyer.
The shortage of toluene supply in the domestic market is expected to persist in October, according to market sources.
($1 = €0.77, $1 = Rs55.3)
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