Chemical Updates

Asian Toluene: Prices fall on weaker crude / Asian toluene prices fall $32.50/mt / Weaker crude oil pressures chemical markets / Southeast Asia demand picks up amid softness

Aug 03, 2026

Asian toluene down $32.50/mt from the previous close at $900/mt FOB Korea and at $905/mt FOB China on July 31. During the Market on Close (MOC) assessment, some offers and a bid were floated in the FOB Korea market. The bid was heard at $905/mt for 3,000 mt of toluene before the MOC process, but expired without attracting any selling interest. The sharpest offer was heard at $895/mt for 3,000 mt of toluene before the MOC process, but expired without attracting any buying interest. No trades were heard concluded at the end of the Market on Close process. China’s Sinopec reduced its toluene list price by Yuan 150/ metric ton to Yuan 6,900/mt on July 28. A Southeast Asian buyer said that toluene prices softened from early in the week....

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