Asian Toluene Price Trends: China Policy Impact

Asian Toluene: Prices supported amid expectations on the policies to curb overcapacity in China / Steep backwardation structure in gasoline prices / East China port inventories fall 8% / South China inventories rise 13%

Jun 12, 2026

The toluene price stable from the previous close at $665/mt FOB Korea and FOB China marker $1/mt higher day over day at $678/mt Sept. 5, amid the anticipation for clearer details regarding the policies aimed at addressing overcapacity in China. the FOB China H1 and H2 October laycans $1/ mt higher at $678/mt, amid a spike in Chinese domestic prices. The prompt ex-tank East China price rose Yuan 70/mt at Yuan 5,410/mt on September 4, equivalent to about $656.00/mt on an import-parity basis. Chinese domestic prices across the petrochemicals sector jumped as the expectations on government efforts to curb “involution” builds. Several sources indicated that details of the “anti-involution” plan will be announced over Sept. 6-7. In comparison, the dollar-denominated market saw little price movement amid weaker margins for toluene...

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