Seoul — The price spread between isomer-grade mixed xylenes and toluene on an FOB Korea basis slid almost to a four-year low of minus $12.50/mt Tuesday, due to weak isomer-MX demand, Platts data showed. This spread, which is typically at plus $50-100/mt, was last lower on February 9, 2010, at minus $14.50/mt, according to the data. On Tuesday, FOB Korea isomer-MX dropped $5/mt from Monday to $1,057.50/mt, a 19-month low, while FOB Korea toluene gained $2/mt over the same period to $1,070/mt, crunching the spread.
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