Toluene Price Chart | News, Forecast, Historical Data

According to the Toluene Price Chart in the United States declined due to low demand and inventory pressure, with no plant shutdowns. South Korea saw a -2% to -18% change in toluene prices due to weak demand. Belgium's toluene prices dropped due to moderate supply and demand, affecting TDI, coatings, and adhesives sectors. Saudi Arabia's toluene prices fell due to increased imports and high inventory levels, with the latest price at $1151/MT CFR-AL Jubail.

The latest report by IMARC, titled " Toluene Pricing Report 2024: Price Trend, Chart, Industry Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of toluene price trends. This report delves into the price of toluene globally, presenting a detailed analysis, along with informative toluene price charts. Through comprehensive toluene price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts industry dynamics. To aid in strategic planning, the price forecast section provides insights into price forecasts, making this report an invaluable resource for industry stakeholders.

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Key Details About the Toluene Price Trend: Last Quarter

The toluene industry is primarily driven by its extensive applications in various industries, including the production of benzene and xylene, solvents in paints and coatings, and the manufacturing of chemicals like trinitrotoluene (TNT) and phenol. Additionally, the rising demand from the automotive and construction sectors, where toluene is used in adhesives, sealants, and cleaning agents, is significantly boosting the industry growth. Besides this, the increasing need for toluene in the pharmaceutical industry as a reagent and solvent for chemical synthesis is catalyzing the industry's growth. Furthermore, the heightened focus on toluene-based biofuel production, driven by the push for sustainable energy sources, is acting as another growth-inducing factor.

Factors Influencing Toluene Prices in the Few Last Quarter

In the United States

In the last quarter, toluene prices in the USA were influenced by a combination of factors, including fluctuating crude oil prices, which directly affect the cost of toluene production. Furthermore, seasonal demand variations, particularly in the automotive and construction sectors, are also playing a significant role. Additionally, supply chain disruptions, partly due to logistical challenges and maintenance shutdowns at key production facilities, led to fluctuations in supply, impacting prices.

In South Korea

Toluene prices in the last quarter were primarily driven by regional demand from the petrochemical and manufacturing sectors. The country's reliance on imports for crude oil means that global oil price fluctuations had a notable impact on toluene pricing. Additionally, the performance of the automotive and electronics industries, both major consumers of toluene derivatives, influenced industry prices.

In Belgium

The Toluene industry in the last quarter experienced price fluctuations influenced by European Union (EU) regulations on chemical production and emissions. The country's strategic position as a chemical hub meant that regional supply and demand dynamics, particularly from neighboring countries, had a significant impact. Additionally, fluctuations in crude oil prices, coupled with the availability of feedstock materials, played a crucial role.

In Saudi Arabia

The Toluene prices in the last quarter were influenced by the nation's status as a major oil producer. The domestic availability of crude oil and the efficiency of refining processes played a significant role in pricing dynamics. The demand from the domestic petrochemical industry, which is a major consumer of toluene, influenced industry trends. Additionally, global crude oil price trends and geopolitical factors affected the supply chain and pricing.

Regional Price Analysis:

• Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
• Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
• North America: United States and Canada
• Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
• Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco

Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

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