Asian Toluene: Prices fall as crude weakens / Supply tightens as refiners cut production / Gasoline blending demand drives domestic use / Southeast Asia prices jump $33/mt on week

Oct 12, 2026

Asian toluene down $8/metric ton day over day at $1,240.00/mt FOB Korea and at $1,234.00/mt FOB China on Oct. 9. During the Market on Close assessment process, no bids and offers were observed in the FOB Korea market. Several market sources highlighted higher gasoline prices supporting toluene prices, which remain near multiyear highs. A Chinese trader said supply remains tight, but Chinese toluene is going to gasoline blending demand within China, driven by higher gasoline prices. The same trader said high domestic gasoline prices are making toluene exports unprofitable. the FOB China November first half and second half laycans down $8/mt day over day at $1,234/mt on Oct. 9. “Toluene is experiencing a supply shortage, but the gasoline backwardation is very big,” a Southeast Asia-based trader said. Another Southeast Asian...

Exclusive market movement data, shipping lineups, demand signals and pricing rationale continue in full report.

Unlock complete article access with a paid account.

Continue Reading With Membership

This is a preview. Login and activate a paid plan to read the complete article.