The Toluene markets are covered by ICIS weekly in Asia, Europe and the US. This reliable and trustworthy tool allows you to stay up-to-date with news and analysis and gives you the confidence to make vital commercial decisions.
Price assessments cover spot activity over the week as well as at close of business in the day, and contract prices are also published in Europe. This market intelligence is compiled by our locally-based reporters and commentary includes news on deals taking place, feedstock movements, demand and supply trends, outlooks, regional focus as well as graphs.
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Toluene news and market information products from ICIS
We offer the following regional Toluene analysis and news coverage to keep you informed of factors and developments affecting prices in the Toluene marketplace.
Price Reporting – More information about the price reports we publish on Toluene
Independent price assessments and market coverage by region
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News & analysis
News & Analysis - News & market analysis specifically relating to Toluene
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Toluene: Market overview
Updated to Q4 2016
The Europe toluene market continues to track gasoline price movements, which are being buoyed by the relative strength of crude oil prices so far in October. There has been an upturn in demand from the gasoline blending sector, with players looking for material to export. Some mixed aromatics demand from China is also supporting European toluene consumption. However, several downstream toluene di-isoscyanate outages could see length on toluene build in the fourth quarter.
In Asia, weak demand from key import markets such as China could pressure FOB Korea prices, but players are expecting limited supply from South Korea and a narrow toluene-naphtha price spread to neutralise this situation.
In the US, toluene prices are likely to move down in the fourth quarter in line with the usual seasonal pattern. However, supply issues at the start of the quarter may keep prices buoyant through at least a part of the quarter. Additionally, the market may not have much room to move lower as toluene did not move higher during the summer months in line with expectations.
News & analysis
Toluene news & analysis
Regional price assessments, published daily or weekly, enabling you to keep track of trading prices, understand price drivers/fluctuations and set a benchmark for contract price settlements. ICIS offers reports on over 180 commodities across the global petrochemical, energy and fertilizer markets. Information covered in our price reports includes:
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ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments.
Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.
Over 25 years of reporting on key chemicals markets, including Toluene, has brought global recognition of our methodology as being unbiased, authoritative and rigorous in preserving our editorial integrity. Our global network of reporters in Houston, London, Singapore, Shanghai, Guangzhou, Mumbai, Perth and Moscow ensures unrivalled coverage of established and emerging markets.
Toluene is a colourless, mobile liquid with a characteristic sweet, pungent, benzene-like odour. It is an irritant to the eyes, skin, nose and lungs. Toluene is a dangerous fire hazard and can lead to a flashback due to its heavy vapour.
The main chemical use of toluene is to make benzene and xylenes using a number of technologies.
Toluene is also used in solvent applications and is consumed in the manufacture of toluene diisocyanate (TDI) which is used in the manufacture of polyurethane foams. Smaller uses for TDI include polyurethane elastomers and coatings.
Other minor chemical uses include the manufacture of phenol, caprolactam, nitrobenzene, benzoic acid and benzyl chloride.
In non-chemical uses, toluene is used in large quantities as an octane booster in gasoline but most of that portion remains in the refinery streams.
There are three grades of toluene: TDI grade of 99+% purity; nitration grade at 98.5-100%.
The original source of toluene from coke-oven gas has been replaced by the catalytic reforming of naphthas and from pyrolysis gasoline co-produced in the steam cracking of liquid feedstocks. A very small amount is still produced from light oil formed by the carbonisation of coal.