10 May 2013 09:18 [Source: ICIS news]
TAIPEI (ICIS)--Market activity to import toluene in Vietnam has slowed down in May, following large arrivals in April, market players said on Friday.
About 10,000 tonnes of toluene was imported in April, while the monthly demand in the Vietnamese market stands at 5,000-6,000 tonnes, they said at the sidelines of the Asia Petrochemical Industry Conference (APIC 2013).
“Some players expected prices to firm, but prices [were] rather stable,” a Vietnamese importer said.
Spot prices in Asia have largely been at $1,120-1,150/tonne (€862-1,494/tonne) FOB (free on board) Korea since mid-May, after prices declined from mid-February from above $1,300/tonne FOB Korea, according to ICIS.
“If we are to import, we are looking at July cargoes,” a second Vietnamese importer said.
Toluene is primarily used in Vietnam in the solvent sector, market players said.
APIC 2013 is a two-day conference held in Taipei and will end on 10 May.
($1 = €0.77)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections