India Toluene CFR Drops on Weak Crude

India Toluene: CFR India falls tracking crude decline, weak South Korean market / ICE June Brent futures contract at $102.21/b Domestic toluene offers at Rupees 113-116/kg / FOB Korea at $1,079/mt

Jun 02, 2026

The Indian toluene market fell on April 1 amid a decline in crude and tracking the weakness in the South Korean market. the CFR India toluene cash differential stable day over day at FOB Korea plus $122/mt on April 1, above a buying idea heard at FOB Korea plus $105/mt Letter of Credit 90 days. Toluene CFR India at $1,201/mt CFR India, down $33/mt day over day, while FOB Korea was at $1,079/mt FOB Korea, down $33/mt during the same period, amid a weaker South Korean market. Dollar-denominated trading remained thin today, with no offers heard during the Market on Close assessment process and no bids or buying levels received from Indian buyers, who remained on the sidelines amid market volatility. “We are not offering for May cargoes yet,” a...

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