India Toluene: Cash differential rises as bid-offer gap narrows / Nov ICE Brent futures contract at $95.27/b / Domestic toluene offers reach 148-150 rupees/kg / FOB Korea falls to $1,064/mt

Sep 05, 2026

The Indian toluene market rose Sept. 4 amid higher offers and increased buying interest. the CFR India toluene cash differential $6/ metric ton higher day over day at FOB Korea plus $142/mt on Sept. 4. CFR India toluene at $1,206/mt, down $1/mt day over day, while FOB Korea was at $1,064/mt, down $7/mt amid a weaker Korean market. The bid-offer gap narrowed, with offers heard around FOB Korea plus $145-$150/mt during the Market on Close assessment process and buying indications from Indian buyers at FOB Korea plus $140/mt amid tight supply. “Offers are higher for October shipments, we are being offered around FOB Korea plus the $145-$150/mt range,” a Mumbaibased importer said. A trade was heard at FOB Korea plus $145/mt for a 1,000-mt cargo for October shipment. “September cargoes...

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