India Toluene Prices & US Sanctions

India Toluene: Cash Differential rises $10/mt WOW amid fresh US sanctions / December ICE Brent futures contract at $64.98/b / No physical offers in domestic market today: sources

Jun 07, 2026

The Indian toluene market remained bullish on Oct. 10 amid fresh US sanctions on nine Indian entities and rising domestic prices. the CFR India toluene cash differential up $5/ mt at FOB Korea plus $92/mt Oct. 10, above buying ideas at FOB Korea plus $75-$90/mt from several buyers. Toluene CFR India at $735/mt CFR India, stable day over day, while FOB Korea was down by $5/mt day over day at $643/mt FOB Korea. India’s petrochemical market was in flux on Oct. 10 after the US government announced its second list of fresh sanctions against nine Indian entities trading Iranian petroleum products. “There is widespread disruption for [the] Indian Chemical market. Many cargoes are enroute, which will be either stuck or will be sold at [a] loss. There will be excess...

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