Chemicals Updates

India Toluene: Prices fall amid weak demand; high inventory / July ICE Brent futures contract at $105.33 / Domestic toluene offers at Rupees 107-110/kg / FOB Korea at $979/mt

May 25, 2026

The Indian toluene market fell May 22 amid low demand and high inventory levels. the CFR India toluene cash differential down $1/mt day over day at FOB Korea plus $102/mt May 22, above buying ideas heard in the range FOB Korea plus $90-$95/mt L/C 90 days. toluene CFR India at $1,081/mt, down $41/mt day over day, while FOB Korea was assessed at $979/mt, down $40/mt day over day amid a weaker South Korean market. Dollar-denominated trading remained thin, with no offers heard during the Market on Close assessment process and buying levels received lower from Indian buyers around FOB Korea plus $90-$95/mt as they remained on the sidelines amid thin trading activity. “We are not offering to the Indian market for June shipments,” said a Southeast Asia-based trader. “We have...

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