Chemical Updates

India Toluene / Sep ICE Brent futures contract at $84.80/b / Domestic toluene offers at Rupees 115-120/kg / FOB Korea at $899/mt / India Toluene Daily Rationale / India

Jul 18, 2026

The Indian toluene market rose on July 17, tracking the rise in the South Korean market. the CFR India toluene cash differential stable day over day at FOB Korea plus $110/metric ton on July 17. toluene CFR India at $1,009/mt, up $4/mt day over day, while FOB Korea was assessed at $899/mt, up $4/mt day over day amid a stronger South Korean market. Dollar-denominated trading remained thin, with no offers heard during the Market on Close assessment process and no buying levels received from Indian buyers, who remained on the sidelines amid market uncertainty. Fewer toluene offers were heard during the day. China- and South Korea- origin cargo offers were present. “Offers to India are higher amid rise in crude and higher freight rates,” said a Southeast Asia-based trader. “We...

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