Chemical Updates

India Toluene: Cash differential stable amid thin trading activity / Sep ICE Brent futures contract at $88.20/b / Domestic toluene offers at Rupees 130/kg / FOB Korea at $900/mt

Aug 03, 2026

The Indian toluene market remained stable on July 31, amid thin trading activity. the CFR India toluene cash differential stable day over day at FOB Korea plus $120/metric ton on July 31. toluene CFR India at $1,020/mt, down $32.50/ mt day over day, while FOB Korea was assessed at $900/mt, down $32.50/mt day over day amid a weaker South Korean market. Dollar- denominated trading remained thin, with no offers heard during the Market on Close assessment process and no buying levels received from Indian buyers, who remained on the sidelines amid market uncertainty. “Our offers still stand at about FOB Korea plus $120-$130/ mt level, and it will depend on product availability from the producers, as supply looks uncertain at the moment,” said a Southeast Asia-based seller. “We have purchased...

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