India's requirement for toluene appeared to have grown exceptionally strong in last one year. The supply will over the previous year, but much of its needs will be satisfied in the near term with supplies from east Asia amid geopolitical risks around the Persian Gulf region.
The CFR India toluene physical marker stood at $785/mt in last Friday's Asian close, the highest since November 2, 2018, when it hit $857/mt.
The latest statistical data released by India's Ministry of Commerce and Industry showed that the country's November imports of toluene at 40,967 mt was the largest monthly volume in three quarters.
