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On scrawny stipulation Sinopec cuts its toluene prices

Sinopec, cut its central China toluene prices by 5.3%. Currently Sinopec's plants in central China are offering toluene in the range of USD 635-640/mt on an import parity basis.

As per source in the Chinese market material is available in ample quantity and some plants shut in April for maintenance are all restarting or have restarted.

Sinopec has three plants in central China and one of those plants, Changling Petrochemical, has been shut for scheduled maintenance since the beginning of April. The plant, which has toluene production capacity of 72,000 mt/year, is expected to resume mid-May.