Refinery Optimization Changes

Lower crude prices are allowing refiners to stabilize their cat-cracker operations. This is expected to improve the yield of domestic aromatics, reducing the reliance on expensive spot toluene imports.

Solvent Sector Recovery

For the first time in months, industrial solvent users are seeing a path toward affordable pricing. However, with gasoline demand still peaking, the downward correction in toluene is expected to be slower than in other commodities.