Chemical Updates

Asian Toluene: Prices rise tracking firmer crude

Jul 18, 2026

War risk premium doubles to $40-$50/mt
South Korea exports surge 57% in June
Asian toluene up $4/mt from the previous close at $899/mt FOB Korea and $6/mt higher at $899/mt FOB China
on July 17. During the Market on Close assessment process, no bids and offers were floated in the FOB Korea
market. No trades were heard concluded at the end of the Market on Close process. South Korean buyers have
not submitted any price inquiries on toluene recently, a China-based producer said. South Korean market
participants were away to celebrate the Constitution Day holiday on July 17. The war risk premium should be
at around $40-$50/mt FOB Korea, which is double or triple the normal rate, a Southeast Asian trader said. The
same trader added that the CFR Southeast...

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