Chemical Updates

India Toluene: Cash differential rises amid rising buying interest; low inventory / ICE September Brent futures contract at $98.02/b / Domestic toluene offers at Rupees 132/kg / FOB Korea at $978.50/mt

Jul 25, 2026

The Indian toluene market rose on July 24, amid rising buying interest and limited offers. the CFR India toluene cash differential up $5/ mt day over day at FOB Korea plus $120/mt on July 24. toluene CFR India at $1,098.50/mt, up $7/mt day over day, while FOB Korea was assessed at $978.50/mt, up $2/mt day over day amid a stronger South Korean market. Dollar- denominated trading remained thin today, 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. “We are sold out for August cargoes; we sold around FOB Korea plus $110/mt range,” said a Southeast Asia-based seller. “We sold some cargoes to India and some to Southeast Asia markets.” “We are...

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