| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Toluene | China | FOB | USD 1,003.70/MT | May 2026 |
| Toluene | India | CIF | USD 1,071.04/MT | May 2026 |
| Toluene | USA | CIF | USD 1,122.89/MT | May 2026 |
| Toluene | Brazil | CIF | USD 1,135.70/MT | May 2026 |
| Toluene | Canada | CIF | USD 1,128.70/MT | May 2026 |
| Toluene | China | FOB | USD 1,055.02/MT | April 2026 |
| Toluene | India | CIF | USD 1,104.90/MT | April 2026 |
| Toluene | USA | CIF | USD 1,142.02/MT | April 2026 |
| Toluene | Brazil | CIF | USD 1,176.12/MT | April 2026 |
| Toluene | Canada | CIF | USD 1,142.02/MT | April 2026 |
Stay updated with the latest Toluene prices, historical data, and tailored regional analysis
Renewed fighting between US and Iran has slowed shipping through the Gulf of Hormuz, disrupting supply routes. Benchmark crude prices have climbed sharply from pre-conflict levels, reflecting heightened geopolitical risk. The upward price pressure is likely to continue while tensions persist.
Intensified US-Iran military actions disrupt oil shipments through the Strait of Hormuz, causing a sharp spike in crude oil prices. The price jump leads to severe depreciation of the Indian rupee, raising import costs and inflationary concerns.
Asia
Toluene prices in China declined to ~RMB 7.20/kg and ~RMB 6.79/kg, respectively, in the first two months of Q2'26, showing a ~5.7% decrease. The market faced downward pressure due to lower crude oil values, stable refinery operations, high port inventories and sufficient merchant supply. Chinese crude prices declined as imported cargoes continued arriving and downstream buyers purchased only for immediate requirements. Demand from styrene, phenol, caprolactam, paint solvents and TDI applications remained weak, limiting inventory reduction. Lower paraxylene prices also reduced demand for toluene conversion through related processing units. In India, toluene prices declined to ~INR 104.86/kg in April and ~INR 101.75/kg in May, showing a ~3.0% decrease, following weaker regional feedstock support and softer Asian market conditions.
Europe
European toluene prices remained volatile during Q2’26 as lower crude-linked costs were balanced by supply disruptions. Falling North Sea crude values reduced feedstock support for aromatics producers, but the explosion at MOL’s 380,000-MT/year Olefin-1 cracker in Hungary tightened prompt availability in Central Europe. The disruption reduced local toluene production and increased reliance on alternative supply sources. Downstream demand remained weak due to lower construction activity, affecting solvent-based coatings, adhesives and related applications. Industrial coatings and infrastructure-related demand provided limited support, but overall consumption remained cautious.
North America
Toluene prices in the United States declined to ~USD 1,142.02/MT in April and ~USD 1,122.89/MT in the following month, showing a ~1.7% decrease. The market remained supported by gasoline blending demand during the quarter, which increased the value of aromatics in fuel applications. Higher refinery utilisation improved aromatics availability and prevented significant supply tightness. Industrial demand provided moderate support, with growth in construction supplies and automotive production supporting coatings, adhesives and chemical applications. However, moderate manufacturing activity limited stronger demand growth, keeping prices relatively stable.
Analyst Insight
According to Procurement Resource, toluene prices are expected to remain influenced by crude oil movements, refinery operations and gasoline blending demand, while weak industrial consumption may restrict upward movement.
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Asia
In China, prices were about 5.44 RMB/kg (Spot FD) in January and around 7.33 RMB/kg in March, with a 15.37% QoQ increase and a sharp 29.84% rise from February to March. The January uptrend was driven by crude oil recovery, tight supply in Shandong, and pre-Spring Festival inventory replenishment. However, February saw a decline due to weakening crude support, increased refinery supply, and delayed downstream resumption.
In March, prices surged as crude oil rallied amid Middle East disruptions, significantly elevating production costs. Additionally, reduced refinery operating rates and constrained import arrivals tightened supply. Sinopec, a major player in the region, raised its East China toluene list price by 6.7% to 8,000 yuan/mt ex-warehouse in March, amid tight regional supply, refinery diversions to gasoline blending, and upcoming plant maintenance.
Demand remained weak overall, as PX entered a maintenance cycle and downstream sectors such as coatings and solvents operated at low rates, limiting procurement despite rising prices. Meanwhile, In India, prices increased from 66.20 INR/kg (Spot) in January to 80.15 INR/kg in March, with a 16.88% rise from February to March.
The market was influenced by the Middle East conflict, which disrupted crude-linked raw material supply and increased freight and insurance costs. India’s petrochemical sector, which imports nearly 8–9 million tonnes of polymer raw materials annually, faced supply shortages due to reduced Gulf shipments, while logistics disruptions via Strait of Hormuz increased transit time and costs.
Europe
Prices were about 0.70 EUR/kg (FOB) in January and increased to around 0.95 EUR/kg in March, reflecting a 26.75% rise from February to March. The European market tracked global cost pressures, particularly higher crude and naphtha values. Supply constraints, including reduced refinery operating rates and tighter import flows, supported the upward movement. However, downstream consumption remained subdued due to weak industrial activity and limited demand from the solvent and blending sectors.
North America
The North American toluene market followed a similar trajectory, with prices rising in March due to higher upstream crude costs and tightening supply conditions. Refinery maintenance and constrained aromatics output reduced availability, while trade flow disruptions linked to global shipping constraints limited imports. Demand from gasoline blending and chemical intermediates remained stable but did not fully support the extent of price increases, leading to a supply-driven market trend.
Toluene is an aromatic hydrocarbon. In appearance, it is a colourless, water-insoluble liquid with the smell associated with paint thinners. It is a mono-substituted benzene derivative composed of a CH3 group attached to a phenyl group.
C6H5CH3 or C7H8
Solvent, Fuel, Precursor (benzene and xylene), Paints, Lacquers, Thinners, Glues, Correction Fluid, Nail Polish Remover
108-88-3, Methylbenzene, Toluol, Phenylmethane, Anisen
Shell Chemicals, Reliance Industries Limited, China National Petroleum Corporation, Exxon Mobil Corporation, Valero Marketing and Supply Company
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Reformates of crude petroleum distillates; liquid products from the pyrolysis of hydrocarbons (steam cracking) and other liquid products from the gasification or coking (pyrolysis) of coal, lignite, etc. are generally utilised while producing Toluene. Final separation of Toluene from these mixtures and purification is done by any of the distillation or solvent extraction methods utilised for BTX aromatics (benzene, toluene, and xylene isomers).
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This report presents a detailed cost analysis of DMT production from toluene and methanol using the toluene disproportionation process followed by subsequent oxidation and esterification.
This report presents the cost structure of Toluene Diisocyanate (TDI) production from dinitrotoluene (DNT).
This report analyses the economics of Vinylbenzene production from methanol and toluene. In this process, toluene gets alkylated with methanol over a solid acid catalyst to produce vinylbenzene, with ethylbenzene as a by-product.
This process to produce phenol consumes toluene as the main ingredient. This process is basically an oxidation process.
Toluene Diisocyanate Manufacturing Plant Project Report thoroughly focuses on every detail that encompasses the cost of manufacturing. Our extensive cost model meticulously covers breaking down expenses around raw materials, labour, technology, and manufacturing expenses. This enables precise cost structure optimization and helps in identifying effective strategies to reduce the overall cash cost of manufacturing.
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