European toluene prices tumble amid weak benzene values and softer Asian cues

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Toluene prices in Europe slumped last week.

An sector source in Europe told a Polymerupdate team member, “European toluene prices moved reduce as weakening conditions across the aromatics value chain continued to pressure the market. A sharp decline in benzene values reduced demand to toluene as a feedstock, while reduce Asian prices increased the competitiveness of imported cargoes into Europe. At the same time, softer energy and naphtha markets eroded upstream cost support. With buyers maintaining a cautious purchasing approach and product availability remaining sufficient, market sentiment remained largely bearish.”

Toluene prices were assessed at USD 1110-1120/mt FOB Rotterdam levels, a steep week-on-week decline of USD (-110/mt).

Downstream benzene prices were assessed at USD 1175-1180/mt FOB Rotterdam levels, a tumble of USD (-135/mt) from the previous week.

Meanwhile, in Asia, toluene prices were assessed at USD 895-905/mt FOB Korea levels, a sharp week-on-week fall of USD (-80/mt).

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