Toluene Market: High China Exports

Asian Toluene: Prices fall amid steep decline in upstream prices / East China toluene port inventory falls 3.90% WOW / China exports record-high 125,488 mt of toluene in Oct / Japan’s October naphtha cracker runs at 76.2%

Jun 06, 2026

Asian Toluene $6/mt lower day over day at $673.50/ mt FOB Korea and $9/mt lower day over day at $676/mt FOB China on Nov. 21, amid a steep decline in upstream prices. Both crude oil prices and naphtha prices experienced a substantial decrease from the previous session on Nov. 21, with the front-month ICE Brent futures contract $1.40/b lower on the session as of Asian close to $62.54/b, while the C+F Japan naphtha marker was $11.25/mt lower at $561.875/mt. Tracking movements in upstream markets, the FOB Korea H2 December and H1 January laycans at $674/ mt and $673/mt, respectively. the FOB China H2 December and H1 January laycans at $676/mt, down $9/mt day over day. Several sources said that market discussions were subdued due to a price disparity between gasoline...

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