On October 20, FOB Korea toluene prices rose by $5/ton to $1,216.50/ton, while FOB China toluene prices also increased by $5/ton to $1,209.50/ton. Market participants in Southeast Asia anticipate a weakening of demand in December and believe that the combination of declining European demand and public holidays across multiple countries could lead to a potential pullback in toluene prices.
In the Indian market, trading activity remained sluggish due to the Dussehra holiday, with limited negotiations. The spread between CFR India toluene and FOB Korea USD-denominated prices held steady at $160/ton. CFR India toluene prices rose by $5/ton to $1,376.50/ton.
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