China's toluene imports fall by 11% in August on weak demand

26 September 2012 10:56  [Source: ICIS news]

SINGAPORE (ICIS)--China's toluene imports fell by 11% month on month in August because of soft downstream demand as most buyers procured material on a need-to basis amid uncertainties on the market outlook, traders said on Wednesday.

China imported 72,037 tonnes of toluene in August, a decrease of 8,638 tonnes from July, according to data from China Customs.

The data also showed that 74.7% and 12.5% of imports arrived in Nanjing and Huangpu Customs respectively, while 5.7% went to Guangzhou Customs, 4.4% to Shanghai Customs and 2.7% to Ningbo Customs.

Meanwhile, the average toluene import prices in August were at $1,103/tonne (€849/tonne) CFR (cost and freight) China, down by around $18/tonne from July, according to the data.

The import prices were higher than domestic prices in early August, with the price spread at yuan (CNY) 150-250/tonne ($24-40/tonne), importers said.

The average domestic prices for August were assessed at CNY8,480/tonne ex-tank Zhangjiagang, according to Chemease, an ICIS service in China.

($1 = €0.77)

($1 = CNY6.31)


By: Doris Shen



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