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Global toluene market declines in previous week
01
Nov '12
In the previous week, Korean toluene prices went down due to decreased downstream demand and lower upstream product prices.

In the initial days of last week, prices were at US$ 1220/ton, slightly lower as compared to the same period of its previous week. Speculators assessed the spot prices of Toluene in the range of US$ 1205-1220/ton FOB Korea.

In Japan and S.E. Asia, toluene prices showed similar trend as Korea and declined by 1% w-o-w.

In India, toluene prices remained stable-to-firm as reportedly; imports were low, resulting in tight availability of the product in the market.

In Europe, toluene prices showed downward trend as well and decreased by 3% w-o-w.

In US, toluene prices showed similar trend as Asia and saw a w-o-w fall of 1%. Prices were hovering around 420–430 cents/gallon (FOB US) in the initial days of October, which increased by 2% in the second week and then declined by 1% w-o-w, each in the third and fourth week.

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Fibre2fashion News Desk - India

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