Asian toluene market sees signs of recovery in May 2025
Toluene prices across Asia dropped sharply from Jan to Apr due to weak demand, low crude oil prices, and cautious buying amid economic uncertainty. However, prices began recovering in May, driven by rising crude oil and freight costs and shifting tariff policies. Despite lower demand, falling freight rates have improved shipping economics, partially easing import cost pressures for the toluene market.
Toluene prices across Asia dropped sharply from Jan to Apr due to weak demand, low crude oil prices, and cautious buying amid economic uncertainty.
However, prices began recovering in May, driven by rising crude oil and freight costs and shifting tariff policies.
Despite lower demand, falling freight rates have improved shipping economics, partially easing import cost pressures for the toluene market.
