NewsFlashAsia toluene plunges to 13-week low on bearish sentiment

30 January 2014 04:55  [Source: ICIS news]

SINGAPORE (ICIS)--Spot toluene prices landed on a 13-week low, as a aresult of bearish sentiment stemming from poor demand fundamentals, market players said on Thursday.

On 30 January mid-day, spot prices were assessed at $1,083-1,085/tonne FOB (free on board) Korea for February and $1,090-1,095/tonne FOB Korea for March cargoes, according to ICIS.

Declining downstream paraxylene (PX) numbers, coupled with absence of Chinese buyers amid poor solvent and gasoline blending demand attributed to the bearish sentiment, players said.

Author: Ong Sheau Ling

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