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Analysis of Toluene Market Home & Abroad

International market: 12th Mar, because of the impact o rising crude oil prices, FOB Korea price of Toluene closed at $1,232.5/ton, $1.5/ton higher than previous trading day. The price of ICE Brent crude oil is $125.53/pounds in April, upwarding $0.3/pounds from last Friday. That very day, the FOB Korea bid for April is at $1,243/ton, $1,238/ton for May, $1,235/ton for June. CFR China price keeps stable; the market price is at $1,275/ton. Trader said that price is too high to conclude a deal. Chinese spot market price is at 9300yuan/ton, increased by 75 yuan/ton compared with last Friday. Toluene on European market closed smoothly, it is at $1,274/ton FOB U.S.Gulf and $1,232.5/ton FOB Korea increased by $1.5/ton. The wait- and-see atmosphere filled the European market. Sales offer $1,250/ton FOB ARA, but there is no action for buyer, not making deals. On America market, the price fell 3 cents in March and is stable at 419 cents/gal FOB USG.
Domestic market: buying shortage, the transaction is limited. Throughout the Toluene market, demand of downstream firms is weak. While the external international oil price is uncertain, the supply of Toluene in the market is relatively limited; offers are almost firm or soared. East China market opens in a stalemate. Traders are more cautious. For the South China region, wait-and-see atmosphere filled. Providers offer steady.