Toluene Price Trend and Forecast

Toluene Price Trend Q1 2025

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. 

Toluene Price Trend Q2 2025

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. 

Toluene Price Trend Q3 2025

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.

Toluene Price Trend 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.