Asia toluene prices escalated on higher crude oil futures, strong margins and plant turnarounds, The FOB Korea prices of Toluene were assessed at $814.50/mt,
Source said the market has primarily drawn support from an overall stronger oil complex.
Toluene demand as a feedstock, in the production of petrochemical products such as isomer-grade mixed xylenes, has increased resulted increase in prices.
CFR China toluene prices have increased with the FOB Korea market, keeping the arbitrage between the regions unprofitable. China is mostly staying out of the import market; report said that there might be some import inquiry, but only for one or two days for very prompt supply.
