There has been rise in values for Mixed Xylene and Toluene in China market on back of introduction of consumption tax on mixed aromatics. The consumption tax which is expected to be imposed on light cycle oil and all will curb the inflow of the products. The mixed aromatic are exclusively used as a gasoline blendstock, it is expected to increase the demand for alternative blendstocks such as toluene, MX and, possibly MTBE, if mixed aromatics imports become uneconomical.
