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Korean toluene prices up last week
06
Dec '12
Toluene prices increased in Korea in the week ending December 1, due to strong downstream demand.

In the initial days of last week, prices were at US$ 1305/ton higher by US$ 60/ton, as compared to the same period of the previous week. Speculators assessed the spot prices of Toluene in the range of US$ 1305-1320/ton FOB Korea.

Toluene prices were hovering around US$ 1100 FOB Korea in the Korean market in the month of December last year. Prices showed an upward trend till March this year and went up by 2% to 6% MoM.

However prices inched down by 0.8% to 13.9% on a MoM basis in the three months period starting from April and were assessed around US$ 1020 – 1220/ton. Prices moved up from July 2012 and showed an increase of 2% to 5.4% MoM since then.

Higher upstream product prices and strong downstream demand supported the price rise.

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