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Toluene Price Trend and Forecast

UNSPC code: 12352006
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⟳ Weekly Update
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Historical Data Since 2015
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Forecast for 2026

toluene Price Trends by Country

inIndia
cnChina
sgSingapore
vnVietnam
myMalaysia
thThailand
idIndonesia
deGermany
frFrance
nlNetherlands
usUnited States
caCanada
mxMexico
krSouth Korea

Global toluene Spot Market Prices, Trend Analysis and Forecast

Price-Watch™ provides price assessments for Toluene across top trading regions:

Asia-Pacific

  • Toluene Industrial Grade (99%) FOB Qingdao, China
  • Toluene Industrial Grade (99%) FOB Busan, South Korea
  • Toluene Industrial Grade (99%) FOB Laem Chabang, Thailand
  • Toluene Industrial Grade (99%) CIF Nhava Sheva (China), India
  • Toluene Industrial Grade (99%) CIF Nhava Sheva (South Korea), India
  • Toluene Industrial Grade (99%) CIF Nhava Sheva (Thailand), India
  • Toluene Industrial Grade (99%) CIF Singapore (China), Singapore
  • Toluene Industrial Grade (99%) CIF Haiphong (China), Vietnam
  • Toluene Industrial Grade (99%) CIF Haiphong (Thailand), Vietnam
  • Toluene Industrial Grade (99%) CIF Port Kelang (China), Malaysia
  • Toluene Industrial Grade (99%) CIF Jakarta (Thailand), Indonesia
  • Toluene Industrial Grade (99%) (Bulk) Ex-Kandla, India
  • Toluene Industrial Grade (99%) Ex-Ahmedabad, India


North America

  • Toluene Industrial Grade (99%) FOB Houston, USA
  • Toluene Industrial Grade (99%) CIF Montreal (USA), Canada
  • Toluene Industrial Grade (99%) CIF Manzanillo (USA), Mexico


Europe

  • Toluene Industrial Grade (99%) FD Hamburg, Germany
  • Toluene Industrial Grade (99%) FD Le Havre, France
  • Toluene Industrial Grade (99%) FD Rotterdam, Netherlands

 

Note: In assessments structured as CIF [Importing Port] (Exporting Country), the country mentioned in brackets indicates the primary origin of supply (exporting country), while the named port refers to the destination port in the importing country. Other Incoterms (FOB, FD, EXW, etc.) should be interpreted in accordance with standard international trade definitions.

Toluene Price Trend Q1 2026

During Q1 2026, Toluene prices across global markets have exhibited a broadly bullish trend, driven primarily by geopolitical uncertainties surrounding the USA-Israel vs Iran conflict which have severely disrupted crude oil and naphtha reformate feedstock supply chains, elevated aromatics production costs globally, and introduced acute supply chain stress across all monitored regions.

South Korea has recorded the most pronounced quarterly appreciation among FOB markets, while Asian import markets including India, Singapore, Vietnam, and Malaysia have posted firm quarterly gains tracking Chinese and Korean origin pricing. European domestic markets in Germany, France, and the Netherlands have recorded moderate but meaningful quarterly increases as pre-existing elevated energy costs have been compounded by conflict-driven feedstock disruptions.

The USA, Canada, and Mexico have posted quarterly declines as domestic supply availability has partially cushioned the broader geopolitical cost impact, though all three markets have recorded sharp monthly recoveries in March.

The Toluene price trend across all monitored regions has reflected the acute and accelerating influence of geopolitical supply chain stress and naphtha reformate feedstock cost escalation throughout the quarter.

India: Toluene Domestically Traded prices Ex-Kandla, India, Grade-Industrial grade (99%) (Bulk)

In Q1 2026, Toluene price in India on an Ex-Kandla domestic bulk basis has recorded a marginal increase of approximately 1.04%, as broadly adequate domestic supply availability and sufficient import inventory buffers have largely contained the transmission of broader geopolitical cost pressures into Indian domestic ex-works pricing during the early part of the quarter.

The Toluene price trend in India at the domestic bulk level has reflected a market where earlier ample inventory positions have provided a degree of insulation from the sharp global toluene price increases observed across CIF import channels, with steady downstream demand from solvent, paint, and chemical sectors sustaining regular procurement activity.

Toluene prices in India on an Ex-Kandla basis have remained broadly stable with contained quarterly appreciation. In March 2026, Toluene price in India on an Ex-Kandla basis has surged sharply by around 27.81%, as cumulative import cost escalation and tightening domestic availability driven by geopolitical supply chain disruptions combined to drive a significant upward correction in domestic bulk pricing during the month.

China: Toluene Export prices FOB Qingdao, China, Grade-Industrial grade (99%)

In Q1 2026, Toluene price in China has recorded a firm increase of approximately 14.52%, driven by geopolitical uncertainties surrounding the USA-Israel vs Iran conflict which have elevated naphtha reformate feedstock costs and tightened toluene production economics across Chinese aromatics facilities during the quarter.

The Toluene price trend in China has reflected firming export market conditions as producers have adjusted FOB Qingdao pricing in response to rising upstream costs and sustained regional demand from solvent, chemical, and dye intermediate manufacturing sectors. Toluene prices in China have remained firmly supported throughout the quarter as export-oriented producers have maintained disciplined pricing amid tightening feedstock availability.

In March 2026, Toluene price in China has surged sharply by around 33.81%, as intensifying geopolitical feedstock disruptions drove a sharp acceleration in FOB Qingdao Toluene export pricing during the month.

Singapore: Toluene Imported prices CIF Singapore from China, Singapore, Grade-Industrial grade (99%)

In Q1 2026, Toluene price in Singapore has risen by approximately 14.35%, reflecting the passthrough of firming Chinese FOB prices into the Singaporean import market as geopolitical uncertainties surrounding the USA-Israel vs Iran conflict have elevated naphtha feedstock costs and tightened toluene availability across regional supply chains.

The Toluene price trend in Singapore has been shaped by the direct transmission of Chinese export pricing into CIF Port of Singapore import valuations, with Singapore’s position as a key regional aromatics trading hub sustaining consistent procurement activity from downstream solvent and chemical manufacturing sectors throughout the quarter.

Toluene prices in Singapore have remained firmly elevated as regional supply tightening has underpinned import pricing. In March 2026, Toluene price in Singapore has surged sharply by around 32.18%, as intensifying geopolitical feedstock disruptions drove a sharp acceleration in Chinese FOB pricing that transmitted forcefully into Singaporean import market valuations during the month.

Vietnam: Toluene Imported prices CIF Haiphong from China, Vietnam, Grade-Industrial grade (99%)

In Q1 2026, Toluene price in Vietnam on a Chinese-origin CIF Haiphong basis has risen by approximately 13.82%, reflecting the passthrough of firming Chinese FOB prices into the Vietnamese import market as geopolitical uncertainties surrounding the USA-Israel vs Iran conflict have elevated naphtha reformate feedstock costs and tightened toluene production economics at the Chinese origin level.

The Toluene price trend in Vietnam at the Chinese-origin import level has been shaped by the consistent transmission of Chinese export pricing into CIF Haiphong valuations, with steady downstream demand from paint, solvent, and chemical manufacturing sectors sustaining procurement activity throughout the quarter.

Toluene prices in Vietnam on a Chinese-origin basis have remained supported as tightening origin-side availability has underpinned import pricing. In March 2026, Toluene price in Vietnam on a Chinese-origin CIF basis has surged sharply by around 32.11%, as intensifying geopolitical feedstock disruptions drove a sharp acceleration in Chinese FOB pricing that transmitted into Vietnamese import market valuations during the month.

Malaysia: Toluene Imported prices CIF Port Kelang from China, Malaysia, Grade-Industrial grade (99%)

In Q1 2026, Toluene price in Malaysia has risen by approximately 14.30%, reflecting the passthrough of firming Chinese FOB prices into the Malaysian import market as geopolitical uncertainties surrounding the USA-Israel vs Iran conflict have elevated naphtha reformate feedstock costs and tightened toluene availability across regional supply chains.

The Toluene price trend in Malaysia has been shaped by the consistent transmission of Chinese export pricing into CIF Port Kelang import valuations, with steady downstream demand from paint, solvent, and chemical manufacturing sectors sustaining procurement activity throughout the quarter. Toluene prices in Malaysia have remained firmly supported as tightening regional toluene availability has underpinned import pricing throughout the period.

In March 2026, Toluene price in Malaysia has surged sharply by around 31.88%, as intensifying geopolitical feedstock disruptions drove a sharp acceleration in Chinese FOB pricing that transmitted forcefully into Malaysian CIF Port Kelang import market valuations during the month.

South Korea: Toluene Export prices FOB Busan, South Korea, Grade-Industrial grade (99%)

In Q1 2026, Toluene price in South Korea has recorded the most pronounced quarterly appreciation among all monitored FOB markets at approximately 18.66%, driven by severe disruptions to naphtha reformate feedstock supply chains stemming from geopolitical uncertainties surrounding the USA-Israel vs Iran conflict, which have significantly elevated aromatics production costs and tightened toluene extraction economics across domestic petrochemical and refining facilities.

The Toluene price trend in South Korea has reflected acute upstream cost escalation as naphtha prices surged on the back of crude oil price shocks, compressing toluene production margins and driving producers to adjust FOB Busan export pricing sharply upward throughout the quarter.

Toluene prices in South Korea have remained firmly elevated as export-oriented producers have faced rising operational costs alongside sustained demand from regional and international solvent and chemical manufacturing sectors.

In March 2026, Toluene price in South Korea has surged sharply by around 36.55%, as intensifying geopolitical tensions continued to drive naphtha cost escalation and sustain acute upward pressure on FOB Busan toluene export pricing during the month.

Thailand: Toluene Export prices FOB Laem Chabang, Thailand, Grade-Industrial grade (99%)

In Q1 2026, Toluene price in Thailand has recorded a firm increase of approximately 14.53%, driven by geopolitical uncertainties surrounding the USA-Israel vs Iran conflict which have elevated naphtha feedstock costs and compressed toluene production economics across domestic aromatics and refining operations during the quarter.

The Toluene price trend in Thailand has reflected firming export market conditions as producers have adjusted FOB Laem Chabang pricing in response to rising upstream costs and sustained regional demand from solvent, chemical, and dye intermediate manufacturing sectors across Asian import markets. Toluene prices in Thailand have remained firmly supported throughout the quarter as export-oriented producers have maintained disciplined pricing amid tightening feedstock availability.

In March 2026, Toluene price in Thailand has surged sharply by around 28.05%, as cumulative naphtha feedstock cost escalation and intensifying geopolitical supply chain disruptions drove a sharp acceleration in FOB Laem Chabang toluene export pricing during the month.

Indonesia: Toluene Imported prices CIF Jakarta from Thailand, Indonesia, Grade-Industrial grade (99%)

In Q1 2026, Toluene price in Indonesia has risen by approximately 11.96%, reflecting the passthrough of firming Thai FOB prices into the Indonesian import market as geopolitical uncertainties surrounding the USA-Israel vs Iran conflict have elevated naphtha feedstock costs and tightened toluene availability across regional supply chains.

The Toluene price trend in Indonesia has been shaped by the transmission of Thai export pricing into CIF Jakarta import valuations, with steady downstream demand from paint, solvent, and chemical manufacturing sectors sustaining procurement activity despite rising import costs throughout the quarter.

Toluene prices in Indonesia have remained supported as tightening regional toluene availability has underpinned import pricing. In March 2026, Toluene price in Indonesia has surged sharply by around 26.49%, as sharply rising Thai FOB prices driven by cumulative naphtha cost escalation and intensifying geopolitical disruptions transmitted forcefully into Indonesian CIF Jakarta import pricing during the month.

Germany: Toluene Domestically Traded prices FD Hamburg, Germany, Grade-Industrial grade (99%)

In Q1 2026, Toluene price in Germany has recorded a moderate increase of approximately 7.16%, as geopolitical uncertainties surrounding the USA-Israel vs Iran conflict have driven naphtha reformate feedstock cost escalation and tightened toluene production economics across the domestic and European refining complex, compounded by pre-existing elevated electricity and natural gas costs that have sustained upward pressure on operating costs throughout the quarter.

The Toluene price trend in Germany has reflected a market where the dual burden of energy cost pressures and conflict-driven feedstock disruptions has supported meaningful upward domestic pricing, with downstream demand from solvent, paint, and chemical sectors absorbing incremental cost increases. Toluene prices in Germany have remained elevated throughout the quarter as tightening European toluene availability has underpinned pricing discipline.

In March 2026, Toluene price in Germany has surged sharply by around 30.42%, as intensifying geopolitical feedstock cost pressures and elevated European energy costs drove a sharp acceleration in domestic FD Hamburg toluene pricing during the month.

France: Toluene Domestically Traded prices FD Le Havre, France, Grade-Industrial grade (99%)

In Q1 2026, Toluene price in France has recorded a moderate increase of approximately 6.14%, as geopolitical uncertainties surrounding the USA-Israel vs Iran conflict have driven naphtha reformate feedstock cost escalation and tightened toluene production economics across the French and broader European refining complex, compounded by pre-existing elevated energy cost burdens.

The Toluene price trend in France has reflected measured upward pricing momentum as producers have navigated rising upstream feedstock costs alongside steady downstream demand from solvent, paint, and chemical manufacturing sectors throughout the quarter. Toluene prices in France have remained supported as tightening European toluene availability has underpinned domestic pricing discipline.

In March 2026, Toluene price in France has surged sharply by around 28.77%, as sustained geopolitical feedstock cost pressures and elevated European energy costs drove a sharp acceleration in domestic FD Le Havre toluene pricing during the month.

Netherlands: Toluene Domestically Traded prices FD Rotterdam, Netherlands, Grade-Industrial grade (99%)

In Q1 2026, Toluene price in the Netherlands has recorded a moderate increase of approximately 6.52%, driven by the compounding effect of already elevated European energy prices and geopolitical uncertainties surrounding the USA-Israel vs Iran conflict which have elevated naphtha reformate feedstock costs and tightened toluene production economics across the European refining and aromatics complex.

The Toluene price trend in the Netherlands has reflected a market where pre-existing high energy costs have combined with conflict-driven feedstock disruptions to support meaningful upward domestic FD Rotterdam pricing throughout the quarter. Toluene prices in the Netherlands have remained elevated as tightening European toluene availability has underpinned producer pricing discipline amid steady downstream demand.

In March 2026, Toluene price in the Netherlands has surged sharply by around 29.20%, as sustained geopolitical feedstock disruptions and elevated European energy costs drove a sharp acceleration in domestic FD Rotterdam toluene pricing during the month.

USA: Toluene Export prices FOB Houston, USA, Grade-Industrial grade (99%)

In Q1 2026, Toluene price in the USA has recorded a quarterly decline of approximately 3.82%, as ample domestic toluene availability from Gulf Coast refining and aromatics operations has kept FOB Houston pricing broadly under downward pressure despite gradually rising crude oil and naphtha feedstock costs linked to geopolitical uncertainties surrounding the USA-Israel vs Iran conflict during the early part of the quarter.

The Toluene price trend in the USA has reflected a domestic market where sufficient production continuity and adequate inventory availability have contained the full transmission of broader geopolitical cost pressures into export pricing, limiting meaningful upward price movement throughout most of the period.

Toluene prices in the USA have remained under mild downward pressure as buyers have leveraged favorable domestic supply conditions to manage procurement costs. In March 2026, Toluene price in the USA has surged sharply by around 21.13%, as intensifying geopolitical feedstock disruptions began transmitting more forcefully into domestic toluene production economics, driving a sharp upward correction in FOB Houston export pricing during the month.

Canada: Toluene Imported prices CIF Montreal from USA, Canada, Grade-Industrial grade (99%)

In Q1 2026, Toluene price in Canada has recorded a quarterly decline of approximately 3.23%, reflecting the passthrough of broadly softening US FOB prices into the Canadian import market during the early part of the quarter as domestic US toluene availability remained adequate and limited upward price transmission under CIF Montreal terms.

The Toluene price trend in Canada has been shaped by the direct alignment of Canadian import pricing with US export market dynamics, with steady downstream demand from paint, solvent, and chemical manufacturing sectors sustaining procurement activity despite marginally reduced import costs throughout the period.

Toluene prices in Canada have remained largely stable with mild downward movement as the favorable US supply environment contained broader geopolitical cost transmission. In March 2026, Toluene price in Canada has risen sharply by around 17.60%, as sharply rising US FOB prices driven by intensifying geopolitical feedstock disruptions transmitted into Canadian CIF Montreal import valuations during the month.

Mexico: Toluene Imported prices CIF Manzanillo from USA, Mexico, Grade-Industrial grade (99%)

According to Price-Watch™, in Q1 2026, Toluene price in Mexico has recorded a quarterly decline of approximately 3.59%, reflecting the passthrough of broadly softening US FOB prices into the Mexican import market during the early part of the quarter as domestic US toluene availability remained adequate and limited meaningful upward price transmission under CIF Manzanillo terms.

The Toluene price trend in Mexico has been shaped by the direct alignment of Mexican import pricing with US export market dynamics, with steady downstream demand from paint, solvent, and chemical manufacturing sectors maintaining consistent procurement activity despite marginally reduced import costs throughout the period.

Toluene prices in Mexico have remained under mild downward pressure as favorable US supply conditions contained broader geopolitical cost transmission during most of the quarter. In March 2026, Toluene price in Mexico has risen sharply by around 19.48%, as sharply rising US FOB prices driven by intensifying geopolitical feedstock disruptions transmitted forcefully into Mexican CIF Manzanillo import valuations during the month.

Toluene Price Trend Analysis: Q4 2025

According to Price-Watch™, In Q4 2025, price movement in the global toluene market has varied by region, ranging from approximately -4% to +7%. Some of the pricing trends in the Asia-Pacific region (including China, South Korea, Thailand, Vietnam, Malaysia, Singapore and Indonesia) have displayed mild price weakness due to cautious procurement, competitive supply in each region and reduced downstream consumption from paint, coatings and chemical intermediates.

In Europe (Germany, France, Netherlands), modest decreases in price have also occurred due primarily to balanced supply and moderate levels of industrial activity. Meanwhile, North America (U.S., Canada, Mexico) has shown moderate increases in price as a result of increased demand in each region and limited availability of toluene in spot market.

Although regional dynamics are different, the global toluene market has continued to be generally balanced due to consistent operation rates in reformers and stable availability of feedstock. Therefore, the overall conditions in the toluene market continue to be quite stable due to management of inventory, stable industrial production and lower cost of transportation.

Continued supply chain fundamentals specific to each region and the unevenness of downstream consumption have driven price movement during the quarter.

India: Toluene Domestically Traded prices Ex-Kandla, India, Grade-Industrial grade (99%) (Bulk)

In Q4 2025, Toluene prices in India ranged USD 860–920 per metric ton and showed an upward price trend. The 18.76% increase stemmed from firm downstream demand from paints, coatings, and chemical intermediates, alongside controlled domestic availability.

The defined range reflected disciplined supplier offerings amid steady inland movement. Toluene prices strengthened as buyers secured volumes against tightening spot supply. The Indian Toluene market followed a firm trajectory, clearly visible on the Toluene price chart and supported by a higher Toluene price index.

The prevailing Toluene price trend in India highlighted demand-led momentum across key consuming sectors. In December 2025, Toluene prices in India increased by 0.50%, influenced by routine restocking and stable refinery operations.

China: Toluene Export prices FOB Qingdao, China, Grade-Industrial grade (99%)

In Q4 2025, Toluene prices in China ranged USD 660–700 per metric ton and showed a downward price trend. The 3.40% decline reflected steady export availability, moderate domestic consumption, and cautious overseas buying. The narrow range indicated balanced loading activity at key ports.

Toluene prices softened as suppliers aligned shipments with selective regional demand. The Chinese Toluene market maintained stability, tracked on the Toluene price chart and echoed by a lower Toluene price index.

The quarter’s Toluene price trend in China emphasized supply comfort across East Asia. In December 2025, Toluene prices in China decreased by 1.83%, influenced by inventory adjustments and measured export inquiries.

Singapore: Toluene Imported prices CIF Singapore from China, Singapore, Grade-Industrial grade (99%)

In Q4 2025, Toluene prices in Singapore ranged USD 690–740 per metric ton and showed a downward price trend. The 3.37% decrease stemmed from consistent Chinese arrivals, stable freight, and cautious demand from blending and solvent applications. The moderate range highlighted logistical balance across regional supply chains.

Toluene prices eased as importers optimized inventories. The Singapore Toluene market reflected broader Asian sentiment, visible on the Toluene price chart and reinforced by a softer Toluene price index. The prevailing Toluene price trend in Singapore underscored disciplined procurement strategies. In December 2025, Toluene prices in Singapore decreased by 1.68%, influenced by year-end stock rationalization.

Vietnam: Toluene Imported prices CIF Haiphong from China, Vietnam, Grade-Industrial grade (99%)

In Q4 2025, Toluene prices in Vietnam ranged USD 690–740 per metric ton and showed a downward price trend. The 3.20% decline reflected steady import inflows, moderate coatings demand, and stable port operations. The tight range indicated consistent cargo placement. Toluene prices softened as buyers maintained cautious purchasing.

The Vietnamese Toluene market followed regional movements, tracked on the Toluene price chart and supported by a lower Toluene price index. The quarter’s Toluene price trend in Vietnam highlighted balanced availability. In December 2025, Toluene prices in Vietnam decreased by 1.74%, influenced by downstream inventory alignment.

Malaysia: Toluene Imported prices CIF Port Kelang from China, Malaysia, Grade-Industrial grade (99%)

In Q4 2025, Toluene prices in Malaysia ranged USD 700–750 per metric ton and showed a downward price trend. The 3.12% decline stemmed from steady Asian supply, stable freight conditions, and measured demand from solvent consumers. The defined range reflected smooth import scheduling. Toluene prices eased as distributors balanced stock levels.

The Malaysian Toluene market remained orderly, visible on the Toluene price chart and echoed by a softer Toluene price index. The prevailing Toluene price trend in Malaysia emphasized regional supply comfort. In December 2025, Toluene prices in Malaysia decreased by 1.73%, influenced by routine year-end inventory adjustments.

South Korea: Toluene Export prices FOB Busan, South Korea, Grade-Industrial grade (99%)

In Q4 2025, Toluene prices in South Korea ranged USD 640–680 per metric ton and showed a downward price trend. The 2.22% decrease reflected balanced export volumes, moderate domestic uptake, and selective regional buying. The narrow range highlighted steady terminal operations. Toluene prices softened as producers aligned output with market requirements.

The South Korean Toluene market tracked broader Asian movements, visible on the Toluene price chart and reinforced by a lower Toluene price index. The quarter’s Toluene price trend in South Korea underscored supply adequacy. In December 2025, Toluene prices in South Korea decreased by 1.31%, influenced by cautious contract renewals.

Thailand: Toluene Export prices FOB Laem Chabang, Thailand, Grade-Industrial grade (99%)

In Q4 2025, Toluene prices in Thailand ranged USD 700–740 per metric ton and showed a downward price trend. The 2.82% decline stemmed from stable refinery output, steady regional competition, and measured export inquiries. The defined range reflected consistent cargo availability. Toluene prices remained under pressure as suppliers balanced shipments with demand.

The Thai Toluene market followed regional benchmarks, visible on the Toluene price chart and supported by a softer Toluene price index. The prevailing Toluene price trend in Thailand highlighted supply-led moderation. In December 2025, Toluene prices in Thailand increased by 1.69%, influenced by short-term restocking.

Indonesia: Toluene Imported prices CIF Jakarta from Thailand, Indonesia, Grade-Industrial grade (99%)

In Q4 2025, Toluene prices in Indonesia ranged USD 760–800 per metric ton and showed a downward price trend. The 3.42% decline stemmed from steady Southeast Asian arrivals, stable freight conditions, and measured demand from coatings and solvent applications.

The narrow range reflected orderly import scheduling and balanced distributor inventories. Toluene prices softened as buyers optimized procurement amid comfortable regional supply. The Indonesian Toluene market mirrored broader Asian movements, visible on the Toluene price chart and reinforced by a lower Toluene price index.

The prevailing Toluene price trend in Indonesia highlighted supply-led moderation across key consuming sectors. In December 2025, Toluene prices in Indonesia increased by 0.95%, influenced by short-term restocking and routine contract settlements.

Germany: Toluene Domestically Traded prices FD Hamburg, Germany, Grade-Industrial grade (99%)

In Q4 2025, Toluene prices in Germany ranged USD 770–820 per metric ton and showed a downward price trend. The 2.64% decrease reflected steady European supply flows, cautious downstream demand, and balanced inland distribution. The defined range signaled resilient logistics amid moderate chemical sector activity. Toluene prices eased as distributors aligned volumes with consumption requirements.

The German Toluene market followed regional sentiment, tracked on the Toluene price chart and echoed by a softer Toluene price index. The quarter’s Toluene price trend in Germany underscored supply comfort across Northwest Europe. In December 2025, Toluene prices in Germany decreased by 8.07%, influenced by year-end destocking and reduced spot inquiries.

France: Toluene Domestically Traded prices FD Le Havre, France, Grade-Industrial grade (99%)

In Q4 2025, Toluene prices in France ranged USD 820–880 per metric ton and showed a downward price trend. The 2.07% decline stemmed from consistent port receipts, moderate coatings demand, and stable regional inventories. The moderate range reflected orderly inland movement. Toluene prices softened as buyers maintained cautious procurement.

The French Toluene market tracked broader European patterns, visible on the Toluene price chart and supported by a lower Toluene price index. The prevailing Toluene price trend in France highlighted balanced availability. In December 2025, Toluene prices in France decreased by 7.66%, influenced by year-end inventory adjustments.

Netherlands: Toluene Domestically Traded prices FD Rotterdam, Netherlands, Grade-Industrial grade (99%)

In Q4 2025, Toluene prices in the Netherlands ranged USD 810–860 per metric ton and showed a downward price trend. The 2.50% decrease reflected steady import flows, cautious downstream demand, and efficient terminal operations. The tight range signaled resilient distribution across Northwest Europe. Toluene prices eased as suppliers managed stocks amid subdued buying.

The Dutch Toluene market followed regional benchmarks, tracked on the Toluene price chart and reinforced by a softer Toluene price index. The quarter’s Toluene price trend in the Netherlands emphasized supply-side balance. In December 2025, Toluene prices in the Netherlands decreased by 8.27%, influenced by year-end destocking and limited spot activity.

USA: Toluene Export prices FOB Houston, USA, Grade-Industrial grade (99%)

In Q4 2025, Toluene prices in the USA ranged USD 740–770 per metric ton and showed an upward price trend. The 3.29% increase stemmed from steady export commitments, balanced Gulf Coast production, and consistent overseas demand. The narrow range highlighted efficient loading schedules.

Toluene prices firmed as producers prioritized contractual shipments. The US Toluene market maintained stability, visible on the Toluene price chart and supported by a higher Toluene price index. The prevailing Toluene price trend in the USA reflected export-led support. In December 2025, Toluene prices in the USA decreased by 10.00%, influenced by contract resets and year-end inventory alignment.

Canada: Toluene Imported prices CIF Montreal from USA, Canada, Grade-Industrial grade (99%)

In Q4 2025, Toluene prices in Canada ranged USD 880–920 per metric ton and showed an upward price trend. The 2.76% rise reflected steady US inflows, balanced domestic demand, and stable freight conditions. The defined range indicated consistent port handling. Toluene prices edged higher as buyers secured volumes for downstream blending.

The Canadian Toluene market followed North American cues, tracked on the Toluene price chart and echoed by a firmer Toluene price index. The quarter’s Toluene price trend in Canada highlighted supply discipline. However, in December 2025, Toluene prices in Canada decreased by 8.47%, influenced by year-end stock rationalization.

Mexico: Toluene Imported prices CIF Manzanillo from USA, Mexico, Grade-Industrial grade (99%)

In Q4 2025, Toluene prices in Mexico ranged USD 800–830 per metric ton and showed an upward price trend. The 3.05% increase stemmed from steady US-origin cargoes, stable port operations, and consistent solvent sector demand. The tight range reflected smooth import scheduling. Toluene prices strengthened modestly as importers balanced supply with consumption.

The Mexican Toluene market tracked regional dynamics, visible on the Toluene price chart and reinforced by a higher Toluene price index. The prevailing Toluene price trend in Mexico emphasized import-led stability. In December 2025, Toluene prices in Mexico decreased by 9.29%, influenced by inventory normalization and cautious year-end buying.

The global Toluene market showed regional disparity in Q3 2025. Major markets in the West such as the USA and Canada, saw modest price increases because of strong solvent, coatings, and adhesives demand from downstream, tight supply conditions and firm feedstock costs. Conversely, Western European markets, including Germany, France, and the Netherlands saw slight declines in toluene price trend as industrial activity and demand from the automotive, construction, and chemical-based derivatives sectors softened.

The Asia-Pacific markets were also impacted by marginal price softness due to market oversupply and soft consumption, with toluene price trend declining in China, Vietnam, Malaysia, and Thailand, impacted by competition from imports and logistical challenges.

Despite the mixed conditions regionally, the market remained reasonably balanced, supported by steady levels of industrial activity, stable availability of feedstock, and moderate freight conditions. Regional supply chain fundamentals and differences in downstream consumption continued to play a leading role during the quarter in Toluene pricing.

India: Toluene Domestically Traded Price in India, Industrial Grade (99%) (Bulk) Ex-Kandla.

According to Price-Watch, in the third quarter of 2025, the Toluene price in India showed slight firmness due to the stable demand in the downstream Paint, Coatings and Solvent industries. The buyer prices out of Kandla has averaged between USD 720-790 per metric ton. For the month of September 2025, Toluene price trend in India decreased by 3.45% month-on-month for a mild month-on-month correction.

The Toluene price trend in India has held steady due to stable domestic supply from Refineries and Aromatics complexes while some of the more significant costs of key Feedstock Reformate and Crude Oil have moved very mildly and provided very limited directional momentum. Indian buyers remained consistent in evaluations from an overall procurement standpoint which was consistent with healthy industrial activity and thus overall market sentiment remained mildly firm.

China: Toluene Export Price from China, Industrial Grade (99%) FOB Qingdao.

In Q3 2025, Toluene prices in China decreased slightly due to weakened regional demand and increased competition from additional suppliers from the Middle East and Southeast Asia. FOB Qingdao prices for Toluene ranged from USD 690-740 per metric ton, representing a quarterly decline of 1.31%. In September 2025, Toluene price trend in China experienced an increase of 1.84% from the previous month, hinting at slight short-term improvement.

The Toluene price trend in China was impacted by mixed performance downstream of Benzene and Xylene co-products, while producers in China maintained stable production levels despite soft export interest. Additionally, feedstock Naphtha costs lowered slightly, limiting cost support. Sentiment in the market has remained cautious, and limited restocking was seen among key trading centers.

Singapore: Toluene Import Price in Singapore from China, Industrial Grade (99%) CIF Singapore (China).

The price of Toluene in Singapore has decreased in Q3 2025, due to lower demand from the Solvent and Chemical Derivative sectors. The Price, Cost, and Freight (CIF) Singapore pricing range was USD 720 – USD 770 per metric ton, which reflected a quarterly decrease of 1.71%. In September 2025, Toluene price trend were up 2.02% from August, which indicates a slight month on month increase.

The Toluene price trend in Singapore has been influenced by fairly lower shipping prices because of improved vessel availability and reduced congestion, although supply from China continued to place pressure on pricing. Singaporean buyers have also remained disciplined with limited spot activity noted, resulting in a muted market fundamental.

Vietnam: Toluene Import Price in Vietnam from China, Industrial Grade (99%) CIF Haiphong (China).

In Quarter 3 of 2025, the Toluene price in Vietnam experienced a modest drop, attributed to a downturn in demand from the downstream Paint, Adhesive and Polymer Industries. The CIF Haiphong price fluctuated between USD 720–770 per metric ton, representing a quarterly decline of 1.18%. In September 2025, Toluene price trend in Vietnam increased by 2.02% compared to the previous month, suggesting some short-lived month-on-month growth.

The toluene price trend in Vietnam was driven by slightly higher freight cost due to tighter vessel availability, albeit Chinese suppliers continued to offer regular product supply. Vietnamese buyers continued to adopt a cautious approach to procurement, thus aligning their offtake opportunities with soft domestic consumption. The quantity of market activity has remained nominal, and generally the import situation remains moderately competitive in comparison to other markets.

Malaysia: Toluene Import Price in Malaysia from China, Industrial Grade (99%) CIF Port Kelang (China).

In Q3 2025, Toluene prices in Malaysia have declined because of a lackluster outlook from the downstream sectors of Solvent, Paint, and Adhesives, which carry a weak demand. The CIF Port Klang price range was USD 720–830 per metric ton; indicating a decrease of 1.19% from the last quarter. In September 2025, the price for Toluene increased by 2.01% over August 2025, giving an indication of some short-term recovery.

The toluene price trend in Malaysia has been affected by stable supply from Chinese suppliers and modest fluctuations in shipping costs. Malaysian buyers continued to procure selectively to align with a soft market for domestic consumption. Overall market fundamentals have remained balanced, with price pressure held in check by stable supply and moderate activity in buyer procurement.

South Korea: Toluene Export Price from South Korea, Industrial Grade (99%) FOB Busan.

In South Korea during Q3 2025, the Toluene price showed slight firmness as the usual demand from Northeast Asian buyers remained stable, while domestic supply was balanced. The toluene price trend on a FOB Busan basis has ranged from USD 650–700 per metric ton, showing a mild quarterly increase. In September 2025, South Korea saw a month-on-month increase of 2.01% in Toluene prices that reflected steady demand for exports.

The toluene price trend in South Korea has been supported by stable Cracker operations (taking Toluene and Benzene as co-products) and relative stability in Feedstock Naphtha prices, which tempered rapid price swings. Korean producers have shown competitiveness in pricing for established contracts, while the market activity remains moderate amidst careful demand for downstream converting products.

Thailand: Toluene Export Price from Thailand, Industrial Grade (99%) FOB Laem Chabang.

In the third quarter of 2025, the Toluene price in Thailand fell considerably, a reflection of weak regional demand and increased competition from Chinese and Middle Eastern sources. FOB Laem Chabang prices have followed USD 710-780 per metric ton, yielding a quarterly decline of 3.43%. In September 2025, Toluene price trend in Thailand ticked upwards by only 0.03% from August prices, suggesting a slight month-on-month improvement.

The Toluene price trend in Thailand has been impacted by reduced demand from the downstream solvent and chemical sector, while refinery runs remained steady, resulting in higher inventories. Feedstock costs have eased, providing limited support. Market sentiment has remained cautious, with low spot activity, while export competitiveness has been sustained with Thai suppliers maintaining pricing.

Indonesia: Toluene Import Price in Indonesia from Thailand, Industrial Grade (99%) CIF Jakarta (Thailand).

In Q3 2025, Toluene prices in Indonesia have experienced slight decreases, reflecting weak demand from downstream sectors such as Paint, Adhesives, and Polymers. CIF Jakarta prices were reported in the USD 770–850 per metric ton range, which declined slightly by 3.17% quarter on quarter. In September 2025, Toluene price trend in Indonesia remained essentially flat, with a barely noticeable change of 0.03% higher than the previous month, also indicating a steady trend.

Toluene price trend in Indonesia has been influenced by steady supply from Thai exporters combined with stable freight costs, providing price predictability upon destination. Indonesian buyers continued with their selective buying, aligning their offtake with muted local consumption levels. Overall, the market situation hasn’t improved, and pricing still remained under pressure, as buying intentions from downstream markets are still muted.

Germany: Toluene Domestically Traded Price in Germany; Industrial Grade (99%) FD Hamburg

In the third quarter of 2025, Toluene prices in Germany have declined due to disappointing demand from the European Coatings, Adhesives, and Chemical Derivatives sectors. FD prices in Hamburg for Toluene were observed in a wide price range of USD 800–850 per metric ton, reflecting a quarterly price decline of 1.45%. As of September 2025, Toluene price trend in Germany fell 1.94% month-on-month from August 2025, continuing this trend of softness.

The price decline for Toluene in Germany has continued to be led by ample supply from domestic producers and the neighbouring region, while Feedstock Reformate and Crude Oil costs provided some limited support on the margin side. Downstream converters persisted with low operational rates given the demand visibility afforded by moderated industrial activity. While market discreteness has continued, general pricing pressure has remained consistent with the overall price trend within the European aromatics market.

France: Toluene Domestically Traded Price in France, Industrial Grade (99%) FD Le Havre.

In the third quarter of 2025, the price of Toluene in France has seen a modest drop as a result of weak demand from the automotive, construction, and industrial chemicals sectors. The prices at FD Le Havre have been in the range of USD 850-900 per metric ton, representing a decrease of 1.56% in the third quarter compared with the previous quarter. In September 2025, Toluene price trend in France fell 2.85% from August 2025, indicating that the price has softened further.

Toluene price trend in France has been shaped by converter operating rates reducing, stable supply from European producers, and Feedstock and energy costs being supportive of pricing with limited impact on margins. Domestic market activity has not improved significantly, and the overall demand has remained soft with careful consumption in the industrial market contributing to continued pricing pressure.

Netherlands: Toluene Domestically Traded Price in Netherlands, Industrial Grade (99%) FD Rotterdam.

In the third quarter of 2025, Toluene prices in the Netherlands have experienced a slight decline, aligning with trends across the European markets. FD Rotterdam prices have fluctuated between USD 840–890 per metric ton, conveying a quarterly fall of 1.56%. Toluene Prices fell slower due to effectively increases in demand at the end of coater, while still finishing the quarter lower. The Netherlands Toluene price trend in September 2025 have averaged a 2.54% decline compared to the previous month of August, driving the ongoing downward trend we discussed.

Toluene prices have been impacted by a well supplied market due to integrated petrochemical complexes and moderately ranged Feedstock factor costs. Demand from downstream polymer, resin, and solvent markets across the supply chain are still weak. Market activity has been low, with price pressure continuing even while procurement activity was as careful as it could be with minimal other industrial consumption, and overall minimal activity in the Toluene market.

USA: Toluene Export Price from USA, Industrial Grade (99%) FOB Houston.

In Q3 2025, Toluene price in USA has risen moderately, driven by strong domestic demand from octane boosters, solvents, and chemical intermediates. FOB Houston prices have ranged between USD 700–750 per metric ton, marking a quarterly increase of 2.81%. In September 2025, Toluene prices in USA have declined by 2.52% from the previous month, reflecting short-term volatility.

The Toluene price trend in USA has been supported by tight supply due to robust offtake from refineries and petrochemical plants, while Feedstock Crude and Reformate costs provided strong cost support. Spot market activity has remained active, with healthy export interest from Latin America and Europe. U.S. suppliers have maintained competitive pricing to secure overseas contracts, while domestic industrial demand continued at steady levels.

Canada: Toluene Import Price in Canada from USA, Industrial Grade (99%) CIF Montreal (USA).

During Q3 2025, Toluene price in Canada has increased moderately, supported by strong domestic demand from paint, coatings, and industrial solvent sectors. CIF Montreal prices have ranged between USD 840–890 per metric ton, reflecting a quarterly gain of 3.15%. In September 2025, Toluene price trend in Canada have edged down by 2.12% from the previous month, indicating minor month-on-month easing.

The Toluene price trend in Canada has been influenced by reliable supply from U.S. Gulf Coast exporters amid minor logistical challenges, while domestic converters maintained healthy operating rates. Overall market activity has remained robust, with pricing sustained by continued offtake from industrial end users and steady import flows.

Mexico: Toluene Import Price in Mexico from USA, Industrial Grade (99%) CIF Manzanillo (USA).

According to Price-Watch AI, During Q3 2025, Toluene price in Mexico has risen moderately, reflecting firm demand from downstream solvents, adhesives, and automotive sectors. CIF Manzanillo prices have ranged between USD 760–810 per metric ton, reflecting a quarterly increase of 2.66%. In September 2025, Toluene price trend in Mexico have increased slightly by 2.33% from the previous month, maintaining upward momentum.

The Toluene price trend in Mexico has been supported by stable supply from U.S. Gulf Coast exporters and consistent domestic procurement, with freight costs rising marginally. Mexican converters have maintained competitive purchasing, aligning with industrial production trends, while market sentiment has remained positive amid steady demand and tight regional supply.

According to the PriceWatch, In Q2 2025, Toluene prices averaged USD 670 per metric ton on FOB Busan basis. This reflected a sharp quarterly decline of -11.77% driven by weak regional and export demand. The Toluene price trend remained under pressure across Asia due to lower downstream activity in solvents, gasoline blending, and chemical intermediates. Major buyers in Southeast Asia slowed purchases as inventories remained sufficient.

Supply from South Korea stayed stable, with most refiners maintaining run rates despite thin margins. Crude oil prices showed a declining pattern, which led to softer upstream cost support. Limited arbitrage opportunities to the US and Europe kept export flows restricted. The Toluene price chart showed consistent downward movement through April to June, without any major rebounds. Meanwhile, freight costs on regional routes stayed mostly unchanged. Overall, the Toluene market remained sluggish with few demand triggers. 

According to the PriceWatch, In Q2 2025, Toluene prices in India averaged USD 759.9 per metric ton on Ex-Kandla basis. This marked a quarterly drop of -11.82% as buying slowed across key downstream industries. The domestic Toluene market witnessed steady inflow of imported cargoes despite lower consumption from paints, resins, and adhesives segments. Domestic producers held price offers under pressure, facing resistance from end-users. Inventory levels stayed on the higher side, limiting fresh demand.

The Toluene price trend showed persistent softness across all three months, supported by weak cost dynamics and stable refinery operations. Seasonal delays during pre-monsoon transport had minimal impact on overall logistics. According to the Toluene price chart, prices trended downward in a narrow band, echoing subdued sentiment across the Indian Toluene market. 

In the first quarter of 2025, South Korea’s Toluene market started to bounce back. Prices of Toluene Industrial Grade (99%) FOB Busan edged up to USD 759/MT, marking a +2.85% increase from the last quarter. This slight rise came as industries like solvents and blending resumed regular operations after the year-end lull. Many buyers were restocking inventories, which helped support demand. Output levels within the country remained steady, ensuring that the supply landscape stayed balanced. 

During Q1 2025, prices of Toluene Industrial Grade (99%) (Bulk) Ex- Kandla inched up slightly to USD 853 per metric ton, recording a +1.29% rise over the previous quarter. This minor increase was due to renewed buying interest from the solvent and chemical sectors, which started restocking after the year-end lull. Supportive crude prices and steady port operations ensured regular supply movement, while stable demand helped the market maintain a balanced tone. The quarter closed on a steady note with no major price disruptions. 

Toluene Price Trend Analysis: Q4 2024

In the fourth quarter of 2024, Toluene prices in South Korea fell further. Toluene Industrial Grade (99%) FOB Busan was assessed at USD 738/MT, registering a notable –10.98% drop from the previous quarter. This was mainly due to reduced demand from end-use sectors like paints and resins, which typically slow down toward year-end. Many plants scaled back operations during the holiday season, and buying remained sluggish. On top of that, there were no major supply issues, and imports flowed steadily, which led to an oversupplied market and further price drops. 

In Q4 2024, prices of Toluene Industrial Grade (99%) (Bulk) Ex- Kandla continued their downward trend, reaching USD 864 per metric ton, showing a –7.34% decrease from Q3. The decline was mainly driven by weak year-end demand, as industries slowed down operations for maintenance and inventory checks. In addition, rising import volumes, along with better availability from domestic refineries, led to oversupply in the market. This kept buyers cautious and led to softer pricing across the country. 

The July–September 2024 period brought another setback to the market. Prices of Toluene Industrial Grade (99%) FOB Busan dipped to USD 829/MT, down by –9.40% compared to Q2 2024. Demand weakened as downstream industries faced softer export orders and stiff competition. Consumption within the country slowed, and stock levels started building up. Even though crude oil prices held steady, the lack of strong pull from the market dragged Toluene prices lower. Some producers tried cutting output, but high availability kept the pressure on. 

By Q3 2024, Prices of Toluene Industrial Grade (99%) (Bulk) Ex- Kandla dropped sharply to USD 940 per metric ton, a –10.15% fall from Q2. This decline came as a result of reduced industrial activity during the monsoon months, with several downstream plants running at lower capacities. Global toluene supplies also improved due to smoother refinery operations, allowing Indian importers to procure at better rates. The drop in demand from paint and thinner producers also played a key role in this price correction. 

During Q2 2024, a modest recovery was seen in Toluene prices FOB Busan, which reached USD 915/MT, indicating a slight +0.77% uptick from the preceding quarter. Seasonal buying picked up, especially from the construction and solvent segments. Export movement was a bit more active, and refineries handled production more carefully after the earlier dip. With crude oil prices staying steady and logistics running smoothly, the market found a bit of balance—though demand overall remained on the cautious side. 

In Q2 2024, prices of Toluene Industrial Grade (99%) (Bulk) Ex- Kandla rebounded to USD 1050 per metric ton, reflecting a +6.41% increase over the previous quarter. The rise came after higher seasonal demand from the construction and automobile sectors, which use toluene-based products like solvents and sealants. Festive season production and bulk buying from downstream users contributed to the upward trend. Additionally, some supply delays from the Middle East and Southeast Asia affected availability, pushing prices higher. 

At the beginning of 2024, the Toluene market in South Korea experienced a clear downward shift. Prices of Toluene Industrial Grade (99%) FOB Busan settled at USD 908/MT, which was –11.84% lower than the previous quarter. The decline happened mainly because demand from sectors like paints, adhesives, and construction was quite slow. The market stayed quiet, and supply was not disrupted, as most producers-maintained output. With few buyers and stable production levels, prices naturally trended downward. 

During Q1 2024, Toluene Industrial Grade (99%) (Bulk) Ex- Kandla prices in India dropped to USD 992 per metric ton, marking a +5.43% decrease compared to the previous quarter. This fall was mainly due to sluggish demand from the paint, coatings, and adhesive industries, which had reduced buying activity. At the same time, international crude oil prices remained somewhat stable, leading to better availability of feedstock. Increased local inventories and steady import volumes also helped ease the price pressure. 

Technical Specifications of Toluene Price Trends

Product Description

Toluene is a clear, water-insoluble liquid with a distinctive sweet, pungent odor, and is highly flammable. It is primarily used as an industrial solvent and chemical intermediate. Toluene serves as a key feedstock in the production of Benzene, Toluene diisocyanate (TDI), and other petrochemical derivatives. It is commonly derived from the catalytic reforming of petroleum or as a byproduct of coke oven processes. Toluene plays a critical role in industries such as paints and coatings, adhesives, pharmaceuticals, and chemical manufacturing.

Identifiers and Classification:

  • CAS No – 108-88-3
  • HS Code – 29023000
  • Molecular Formula – C₇H₈
  • Molecular Weight[g/mol] – 92.14 g/mol


Toluene Synonyms:

  • MethylBenzene
  • Phenyl methane
  • Toluol


Toluene Grades Specific Price Assessment:

  • Industrial Grade (99%)


Toluene Global Trade and Shipment Terms

  • Quotation Terms (Product & Country Specific): 25-30 MT
  • Packaging Type (Product & Country Specific): Drum (170 Kg), Tanker


Incoterms Referenced in Toluene Price Reporting

Shipping Term  Location  Definition 
FOB Qingdao  Qingdao, China  Toluene export price from China 
FOB Busan  Busan, South Korea  Toluene export price from South Korea 
FOB Laem Chabang  Laem Chabang, Thailand  Toluene export price from Thailand 
FOB Houston  Houston, USA  Toluene export price from USA 
CIF Nhava Sheva (China)  Nhava Sheva, India  Toluene import price in India from China 
CIF Nhava Sheva (South Korea)  Nhava Sheva, India  Toluene import price in India from South Korea 
CIF Nhava Sheva (Thailand)  Nhava Sheva, India  Toluene import price in India from Thailand 
CIF Singapore (China)  Singapore  Toluene import price in Singapore from China 
CIF Haiphong (China)  Haiphong, Vietnam  Toluene import price in Vietnam from China 
CIF Haiphong (Thailand)  Haiphong, Vietnam  Toluene import price in Vietnam from Thailand 
CIF Port Kelang (China)  Port Kelang, Malaysia  Toluene import price in Malaysia from China 
CIF Jakarta (Thailand)  Jakarta, Indonesia  Toluene import price in Indonesia from Thailand 
CIF Montreal (USA)  Montreal, Canada  Toluene import price in Canada from USA 
CIF Manzanillo (USA)  Manzanillo, Mexico  Toluene import price in Mexico from USA 
FD Hamburg  Hamburg, Germany  Domestically traded Toluene price in Germany 
FD Le Havre  Le Havre, France  Domestically traded Toluene price in France 
FD Rotterdam  Rotterdam, Netherlands  Domestically traded Toluene price in Netherlands 
Ex-Kandla  Kandla, India  Domestically traded Toluene price in Kandla 
Ex-Ahmedabad  Ahmedabad, India  Domestically traded Toluene price in Ahmedabad 

*Quotation Terms refers to the quantity range specified for the Toluene being quoted or offered in a commercial transaction.

**Packaging Type refers to standard packaging size commonly used for Toluene packing, ease of handling, transportation, and storage in industrial and commercial applications.

Key Toluene Manufacturers

Manufacturer 
Exxon Mobil Corporation 
Sinopec 
LyondellBasell 
BASF 
Reliance 
Chevron Phillips Chemical 
Huntsman 
Dow 
Indian Oil
Ineos 
Mitsui Chemicals 

Toluene Industrial Applications

toluene market share end use

 

Historically, several events have caused significant fluctuations in Toluene prices

Global Petrochemical Oversupply and Tariff Pressures (2025): In 2025, the global petrochemical sector faced challenges due to oversupply, particularly from new capacities in China. This led to reduced profit margins and plant closures in Europe and Asia. Additionally, new U.S. import tariffs introduced by President Donald Trump exacerbated the situation by raising costs for goods, thereby reducing consumer demand and downstream petrochemical usage. These factors combined to create a complex market environment, influencing Toluene prices worldwide. 

Russia–Ukraine Conflict Impact on Energy Prices (2022–2023): The outbreak of the Russia–Ukraine war led to major disruptions in global energy markets. Crude oil and natural gas prices spiked sharply, directly affecting the cost of petrochemicals, including Toluene, which is derived from crude oil. Refinery operations in Europe were disrupted due to supply issues and sanctions, tightening availability. The high feedstock costs and uncertain energy supply caused Toluene prices to rise globally, especially in Europe and Asia.​ 

COVID-19 Pandemic and Lockdowns (2020): During early 2020, global demand for solvents and industrial chemicals, including Toluene, plummeted as manufacturing, construction, and transportation came to a halt. Prices fell sharply due to low consumption. However, as lockdowns eased in the second half of the year, restocking and resumed industrial activity led to a sudden jump in demand. This mismatch, coupled with slow supply recovery, caused noticeable price volatility.​ 

U.S.–China Trade Tariff Conflict (2018–2019): During the trade dispute between the U.S. and China, heavy tariffs were placed on many petrochemical products. Toluene, along with its derivatives like benzene and toluene diisocyanate (TDI), faced restricted trade flows. This disrupted traditional supply chains and led to stockpiling and price swings. While some regions saw oversupply, others faced shortages, creating a patchy and unstable pricing trend across markets.​ 

China’s Environmental Inspections & Production Cuts (2017–2018): China launched aggressive environmental inspections across its chemical industry to reduce pollution. Numerous plants producing aromatics, including Toluene, were shut down or operated at reduced capacity. With China being a key global player in petrochemical production, this caused a ripple effect on global supply, pushing prices upward, especially in the Asia-Pacific region.​ 

Why Price Watch™?

Price Watch™ is your trusted resource for tracking global toluene price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the toluene market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, Price Watch™ keeps you fully informed of market dynamics.

In addition, Price Watch™ provides detailed forecasts and updates on production capacities, enabling you to anticipate market changes and make well-informed decisions. With Price Watch™, you gain a competitive edge in understanding all the elements that influence toluene prices worldwide. Stay ahead of the curve with Price Watch’s™ reliable, accurate, and timely toluene market data.

Track Price Watch's™ toluene price assessment on a weekly basis since 2015 onwards, along with short-term forecasts, and get access to the detailed report in a downloadable format.

Toluene Market Price Trend published by Price Watch™ reflect prevailing spot market conditions, derived from independent research, verified trade inputs, and proprietary market intelligence as of the publication date. Prices are published on the specified Incoterm and represent indicative base market levels, exclusive of applicable taxes, VAT, duties, tariffs, and other statutory charges. Actual transaction values may vary depending on volume, credit terms, contractual structure, and other negotiated conditions. Market prices are inherently subject to volatility, liquidity dynamics, regulatory changes, and evolving trade activity. The information provided is for reference and benchmarking purposes only and does not constitute an offer, recommendation, or guarantee of transactional outcomes. Users should exercise independent commercial judgment and assess their specific contractual, regulatory, tax, and application requirements before making business decisions. Price Watch™ assumes no liability for decisions taken based on this information.

Toluene prices are affected by several key factors, including the cost of feedstocks like crude oil and natural gas. Other significant influences include fluctuations in crude oil prices, refinery production levels, transportation costs, and environmental regulations. Additionally, supply-demand imbalances, particularly in major production regions like Asia and North America, and disruptions due to geopolitical issues or natural disasters, can impact toluene pricing trends.

Supply chain disruptions, such as plant shutdowns, port delays, or shortages of raw materials, can lead to sharp increases in toluene prices. For example, when crude oil supplies tighten due to refinery outages or production cuts, toluene production costs rise, leading to higher market prices. Conversely, improved supply chain efficiency or reduced transportation costs can help stabilize or lower toluene prices. Procurement teams should stay informed on supply chain developments to optimize their purchasing strategies.

Toluene prices vary significantly across different regions due to factors like production capacity, local demand, and logistics. For instance, Asia, a leading producer of toluene, often has more competitive prices compared to Europe or the US, where higher production costs and stricter environmental regulations may drive up prices. Procurement heads should consider these regional variations by exploring opportunities to source toluene from cost-competitive regions or leveraging long-term contracts in regions with favourable pricing to reduce exposure to price volatility.

Toluene is a clear, colorless aromatic hydrocarbon liquid widely used as a solvent and chemical intermediate in the production of benzene, toluene diisocyanate (TDI), paints and coatings, adhesives, inks, pharmaceuticals, and gasoline blending.

Its price directly impacts the cost of polyurethane foams, automotive coatings, industrial solvents, benzene derivatives, fuel additives, and numerous chemical products, making toluene pricing a critical factor for chemical manufacturers, coating producers, and fuel blenders worldwide. Price-Watch™ tracks these prices to help businesses and consumers understand and stay updated with the market trends.

Toluene prices vary by region and purity. Prices are typically quoted per metric ton or per gallon and change based on supply, demand, feedstock costs, and refining capacity. Price-Watch™ provides real-time price assessments across different global markets to help buyers and sellers make informed decisions.

Toluene prices fluctuate due to changes in crude oil and naphtha feedstock costs, refining and petrochemical production rates, energy price movements, and demand from benzene producers, TDI manufacturers, solvent users, and gasoline blenders.

Catalytic reforming operations (primary toluene source), pyrolysis gasoline (pygas) from steam crackers, toluene-to-benzene conversion economics, quality specifications and purity requirements, transportation and logistics costs, seasonal demand patterns in coatings and construction industries, environmental regulations affecting solvent use and emissions, competition with alternative solvents (xylene, benzene derivatives), gasoline octane requirements and blending demand, trade policies affecting aromatics, and broader economic conditions further shape price trends, with recent outlooks reflecting volatility driven by crude oil prices, reformate production levels, TDI demand cycles, and benzene-toluene price spreads.

The biggest buyers of Toluene are benzene producers (via toluene hydrodealkylation and toluene disproportionation), toluene diisocyanate (TDI) manufacturers for polyurethane foams, and gasoline blenders using toluene as a high-octane component. Additional significant demand comes from solvent applications in paints and coatings, adhesives, printing inks, pharmaceutical manufacturing, chemical synthesis (nitration for TNT, para-nitrotoluene, ortho-nitrotoluene), rubber processing, cleaning products, and specialty chemical production. Price-Watch™ analyses demand patterns across all these industries.

Toluene is primarily produced through catalytic reforming of petroleum naphtha in refineries, where alkanes and cycloalkanes are converted to aromatics (benzene, toluene, xylenes). Additional toluene is recovered from pyrolysis gasoline (pygas), a by-product of steam cracking operations. Toluene can also be produced through toluene disproportionation of mixed xylenes or as a by-product of coke oven operations. It is extracted and purified through distillation and extraction processes at integrated refineries and petrochemical complexes.

Toluene trade is driven by refining capacity, reforming operations, and regional demand balances. South Korea, the United States, India, and several Middle Eastern countries including Saudi Arabia and UAE are among the world’s largest exporters of toluene. Asian countries including China, Singapore, and Japan, along with European producers in the Netherlands, Belgium, and Germany, also participate actively in regional and global trade.

Export volumes fluctuate based on refinery operating rates, reformate production levels, TDI and benzene demand, gasoline specifications and blending requirements, solvent market conditions, freight costs, and regional supply-demand imbalances. Price-Watch™ tracks production levels, export flows and trade patterns to help businesses understand global supply chains and identify sourcing opportunities.

Supply generally matches demand, but regional shortages can occur due to refinery shutdowns, catalytic reformer maintenance, steam cracker outages affecting pygas supply, transportation problems, or sudden spikes in TDI, benzene, or solvent demand. Refinery turnarounds and reformer catalyst regeneration schedules can temporarily tighten markets. Competition between chemical and fuel uses can also affect availability. Price-Watch™ monitors these supply-demand imbalances to alert the market about potential shortages or surpluses.

Toluene prices vary by grade based on purity levels, impurity profiles, and application requirements. Industrial-grade toluene (99% purity) is the most widely traded specification, suitable for chemical synthesis (including nitration for DNT/TDI production, para/ortho-nitrotoluene), benzene production, general solvent applications, and fuel blending, offering good quality and cost-effectiveness for most commercial applications. Higher-purity grades (99.5%+ or nitration-grade with tighter benzene and sulfur specifications) command premium prices for demanding chemical processes, pharmaceutical intermediates, or applications requiring superior performance. Lower-purity commercial grades (95-98%) or technical grades may be available at discounted prices for less critical solvent uses or fuel blending.

Quality specifications including benzene content, non-aromatic content, sulfur levels, water content, and color also influence pricing. Thiophene-free or low-sulfur grades command premiums for specific applications. Price-Watch™ provides separate price assessments for industrial-grade (99%) and other grades to ensure market transparency.

When Toluene demand rises quickly, often due to increased TDI production, benzene requirements, coating industry expansion, or gasoline blending needs during driving season, prices typically increase. Suppliers may prioritize long-term contract customers, while spot buyers face tighter availability, longer lead times, or premium pricing to secure supplies. Production flexibility is limited by refinery reformer capacity, crude slate, and gasoline blending economics which can compete with chemical uses. Price-Watch™ captures these market dynamics in real-time.

Energy and crude oil costs are dominant factors in Toluene pricing. When crude oil, naphtha, or refining energy costs rise, toluene production becomes more expensive. Catalytic reforming is energy-intensive, requiring hydrogen and significant heat input. Toluene pricing closely tracks crude oil benchmarks and naphtha costs, with refining margins also playing a role.

This is why toluene prices correlate strongly with broader petroleum product markets and regional refining economics, a relationship that Price-Watch™ analyses in its price assessments & market reports.

Toluene prices vary by region based on local refining capacity and reformer operations, crude oil and naphtha availability and costs, energy prices, benzene-toluene spread economics, TDI and chemical industry concentration, gasoline specifications and octane requirements, transportation and logistics expenses, environmental regulations on aromatics and solvents, import/export dynamics and freight costs, and regional supply-demand balances.

Regions with surplus reformate production may see lower prices, while import-dependent markets or those with strong TDI demand may face premiums. Price-Watch™ tracks prices across all major regions to highlight these differences.

The Toluene market outlook depends on factors such as crude oil and naphtha price trends, refinery operating rates and reformer utilization, gasoline demand and specifications, TDI and polyurethane industry growth, benzene demand and conversion economics, solvent market conditions in coatings and adhesives sectors, construction and automotive sector activity, pygas production from steam crackers, environmental regulations affecting aromatics use, trade flows and regional arbitrage dynamics, capacity additions or closures, and macroeconomic indicators affecting manufacturing, construction, and transportation fuel demand.

Price-Watch™ regularly publishes detailed forecasts that project price movements for the next 12 months based on comprehensive analysis of supply additions, demand growth in key industries, seasonal patterns, and macroeconomic indicators. Our forecasts help businesses anticipate market conditions and plan accordingly.

Absolutely. Accurate forecasting allows you to time your purchases better, negotiate contracts more effectively, and budget more accurately. If Price-Watch™ forecasts predict a price increase in three months, you might choose to stock up now or lock in long-term contracts at current rates, potentially saving thousands of dollars.

Events like natural disasters affecting refineries, refinery accidents or fires, catalytic reformer outages, crude oil supply disruptions, geopolitical tensions affecting petroleum markets, planned turnarounds, environmental regulatory changes, trade disputes, transportation disruptions, TDI plant expansions or shutdowns, or economic downturns affecting coatings and construction sectors can cause supply shortages and price spikes.

Hurricane impacts on refining centers, major reformer outages, crude oil price shocks, gasoline demand surges or declines, benzene market volatility, and force majeure declarations at production facilities, for instance, have created significant market volatility. Price-Watch™ provides timely alerts when such events affect the market.

Price-Watch™ collects data from manufacturers, distributors, and buyers worldwide to publish regular price assessments, market reports, and forecasts. Our transparent methodology and comprehensive coverage make us a trusted source for understanding fair pricing and market trends in the Toluene industry, with specific focus on industrial-grade (99%) material and other commercial specifications.

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