27 December 2012 09:20 [Source: ICIS news]
SINGAPORE (ICIS)--China’s toluene imports increased by 29% month on month in November as a result of a delay in customs clearance, according to market sources.
The delivery of many end-October arrival cargoes was rescheduled to early November because of the delay, which increased the import statistics for November, the sources said.
Additionally, the average import price was lower than the domestic price in early-to-mid November, with the price gap at yuan (CNY) 290/tonne ($46/tonne), which boosted some importers' buying interest, the source added.
China’s import volumes for toluene rose to 54,615 tonnes in November, an increase of 12,368 tonnes from October, with an average import price of $1,232/tonne (€936/tonne), up by $31/tonne month on month, according to data from China Customs.
The data also showed that 89.18% and 10.73% of imports arrived in Nanjing and Shanghai Customs respectively, while 0.07% and 0.02% went to Shenzhen Customs and Huangpu Customs.
($1 = CNY6.24)
($1 = €0.76)
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