Toluene Prices Reach Multi Year Highs as Refiners Bid for Octane

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Octane Premium Drive

Toluene's high octane rating makes it the preferred component for refiners looking to stretch gasoline supplies during the current energy crisis. Spot premiums for toluene over gasoline remain at decade-high levels.

Supply Chain Isolation

The blockade of the Strait of Hormuz has isolated Western toluene markets from Asian supply, preventing any price-levelling arbitrage and keeping regional prices at extreme premiums.