Houston (Platts)--23May2011/318 pm EDT/1918 GMT
Asian toluene prices sank Monday with the FOB Korea marker assessed down $11/mt from last Friday at $1,055.50/mt as feedstock naphtha prices fell $9.13/mt over the same period to $945/mt on a CFR Japan basis. On Friday, the FOB US Gulf toluene was assessed at 379 cents/gallon, or $1,152.16/mt. The FOB USG-FOB Korea spread stood at $85.66/mt Friday, the lowest seen since April 21, when it was $83.62/mt
Asian isomer-grade mixed xylenes were lower Monday at $1,181.50/mt FOB Korea, down $5/mt from last Friday amid weak upstream markets. European xylene prices slumped $68/mt or 5.3% Friday from a week earlier to $1,222/mt FOB Rotterdam on the back of lower global sentiment, tracking similar trends in the US and Asia.
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