An aromatic petrochemical that can be used as a solvent in paint thinner, rubber, glue, lacquers, polyurethane foam for furniture, and as an octane booster in gasoline. It also can be converted into benzene and xylenes.
The chart above shows the daily end-of-day Platts Global Toluene Price Index price in red and also displays the 20-day moving average in blue.
Toluene prices fell 4% in January to $1,294 per metric ton (/mt), according to the just-released monthly average of the PGPI, Platts Global Petrochemical Index (PGPI), a benchmark basket of seven widely used petrochemicals. This is down from $1,332/mt in December.
Demand for toluene, which can be converted into benzene, fell as benzene supplies grew globally.
Next chart: Platts Global Paraxylene (PX) Price Index
Global Petrochemical Prices Rose 6% in January on Tight Olefins Supplies
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