Chemical Updates

Asian Toluene: Prices rise on higher bids / FOB Korea bids push toluene to $954.50/mt / Southeast Asian buyers seek September cargoes / Toluene flips to premium over mixed xylenes

Aug 29, 2026

Asian toluene up $24/metric ton from the previous close at $954.50/mt FOB Korea and $951.50/mt FOB China on Aug. 28. During the Market on Close process, some bids were seen in the FOB Korea market. The sharpest bid was heard at $945/mt for 3,000 mt of toluene. However, the bid expired without any selling interest. No trades were concluded before the end of the MOC. Earlier in the trading session, a Southeast Asia-based trader said solvent distributors in the region were still looking for September-loading cargoes. Another Southeast Asia-based distributor agreed but added that fixed prices were highly volatile due to an unstable upstream market and the situation in the Middle East. The CFR Southeast Asia marker was $18/mt lower week over week at $1,039.50/mt on Aug. 28. An India-based...

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