Chemical Updates

Asian solvent-grade mixed xylene surges on naphtha cost spike / Solvent-grade mixed xylene surges $101/mt / Naphtha costs drive toluene price spike / Asian benzene falls $20/mt to $1,006.33

Jul 25, 2026

Solvent-grade mixed xylene $101/mt higher week over week at $980/mt FOB Korea July 24, unchanged from intraday levels. During the Market on Close assessment, no bids or offers were floated in the FOB Korea market. No trades were heard concluded at the end of the Market on Close process. A Southeast Asian-based trader said solvent MX and toluene prices were similar during crises. Another buyer agreed, saying some market participants saw both toluene and solvent-mx prices spike in line with naphtha cost. solvent-MX CFR Southeast Asia at $1,060/mt, $110/mt higher week over week. In other markets, Asian isomer mixed xylene prices were assessed at $999/mt FOB Korea on July 24, down $6/mt day over day. The Asian toluene-naphtha spread flipped back into the positive territory on July 24 as naphtha...

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