On November 6, toluene prices in the FOB Korea market remained stable at USD 1,062/ton, while FOB China toluene prices held steady at USD 1,058.5/ton.
In the Indian market, toluene prices were stable. The price differential between CFR India and FOB Korea toluene was USD 170/ton, with CFR India toluene quoted at USD 1,232/ton. Market participants noted that most traders are currently on holiday, resulting in thin trading activity; consequently, short-term negotiations in the local market are unlikely to show significant volatility. Domestically, ex-tank prices at Kandla Port ranged from INR 131–133/kg. Regarding inventory levels, as of October 31, toluene stocks at Kandla Port stood at approximately 20,260 tons, while inventories at Hazira Port were around 9,410 tons.
In the Southeast Asian market, CFR Southeast Asia toluene prices fell by USD 192.50/ton this week to USD 1,156/ton. Market rumors indicate offer prices at a premium of USD 95–100/ton over FOB Korea, while bid prices were reported at a premium of USD 90/ton over FOB Korea. Toluene supply in Indonesia has remained tight recently, and coupled with rising freight costs, traders are opting to optimize their shipping expenses.
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