Toluene Spot Prices Remain Steady Amid Strong US Blending Demand

image-alt-text

The Octane Anchor

US Gulf Coast refineries have constrained merchant toluene output, while strong gasoline blending demand continues to reduce the supply available for chemical use. This domestic dynamic has insulated toluene from global price shocks.

Production Economics

If crude oil and naphtha values continue to fall, it will eventually lower the overall production cost of aromatics, but current spot prices reflect the immediate physical shortage today.