Asian Toluene: Prices dip amid lower offers / FOB Korea toluene drops $8.50/mt / Offers expire without bids; no trades close / TDP margins sink below breakeven at minus $15/mt

Oct 17, 2026

Asian toluene down $8.50/metric ton day over day at $1,217.50/mt FOB Korea and down $9.50/mt at $1,210.50/ mt FOB China on Oct. 16. During the Market on Close assessment process, many offers were observed in the FOB Korea market. The sharpest offer was heard at $1,213/mt for 2,000 mt of toluene. However, the offer expired without attracting any buying interest. No trades were concluded before the end of the Market on Close assessment process. Some Chinese offers were heard in the market, a Southeast Asia-based trader said, adding that toluene prices last week were lower on average, and toluene offers have been very thin. Market participants observed some toluene demand destruction in the solvents market. A Southeast Asian trader said, “Most suppliers are weighing values for selling pygas against producing...

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