Chemicals Updates

Asian Toluene: Prices higher amid upbeat sentiments in the Chinese domestic markets / Prompt ex-tank east China price up Yuan 50/mt at Yuan 5,545/mt / China’s intervention on overcapacity, announcement of megaprojects raises optimism

Jul 26, 2025

the toluene price $12/mt higher from the previous close at $678/mt FOB Korea and FOB China marker $6/mt higher day over day at $688/mt July 25, amid upbeat sentiment in the Chinese domestic markets. the FOB China H2 August and H1 September laycans at $688/mt, tracking firmer Chinese domestic prices. The prompt ex-tank east China price Yuan 50/mt higher at Yuan 5,545/mt on July 25, equivalent to about $669.34/mt on an import-parity basis. Several market sources attributed the upbeat sentiment across the petrochemical sector to the Chinese government’s intention to address the issue of overcapacity through the introduction of an “anti-involution policy” that aims to prevent industry competitors from undermining each other’s profitability. However, detailed plans of the efforts are still not transparent. A trader pointed out that mega projects...

Exclusive market movement data, shipping lineups, demand signals and pricing rationale continue in full report.

Unlock complete article access with a paid account.

Continue Reading With Membership

This is a preview. Login and activate a paid plan to read the complete article.