On Monday (February 2), the international toluene market closed down by 10 cents per gallon: the February closing price for FOB USG was 262.25-262.35 cents per gallon, and the March closing price for FOB USG was 258.25-258.35 cents per gallon. PriceSeek's analysis of toluene, with a bullish-bearish score of -1, indicates that the international toluene market closed down by 10 cents per gallon. The February and March FOB USG prices fell to 262.25-262.35 cents per gallon and 258.25-258.35 cents per gallon, respectively, suggesting ample supply or weak demand, which is exerting downward pressure on spot prices. The decline of approximately 3.8%, while not drastic, reflects a short-term weakening of fundamentals. Spot prices are expected to remain under pressure, and it is advisable to monitor changes in supply and demand.
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