Toluene Price Trends: India Market Update

India Toluene: Premium to FOB Korea rises amid improved buying interest / Buying interest improves amid tight supply fundamentals / Sellers demand advance payment amid looming sanctions risks

Jun 06, 2026

Trade discussions in the Indian toluene market were thin in the week to Oct. 24, but buying interest was heard to be improved amid sharp gains in domestic ex-tank prices. Domestic ex-tank Kandla and Mumbai offers were heard around Rupees 83-84/kg, at a parity of above $900/mt, market sources said. CFR discussions were thin with varied trading terms heard being discussed after the latest round of US sanctions severely hit the usual trade momentum, market participants said. Several payments of foreign suppliers were heard stuck due to frozen banking channels as an aftereffect of the US sanctions on key Indian toluene importers, said a market source. “Everyone is considering trading on an advance payment and a fixed price to minimize the risk of sanctions,” said a South Korea-based seller. “The...

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