Platts Global Petrochemical IndexA Platts.com News & Analysis Feature
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.
Toluene, an aromatic petrochemical included in the PGPI, slid 21% in December to $669 per metric ton (/mt), according to the just-released PGPI data expressed as a monthly average.
Toluene prices were moving in line with crude oil and naphtha prices, which declined 21% and 23% respectively in December.
Next chart: Platts Global Paraxylene Price Index
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