Hamburg (Germany)- In the final week of July, Toluene prices in the German market continued to decline, primarily due to reduced demand from downstream sectors, especially Toluene diisocyanate (TDI). The diminished need for TDI within the polyurethane industry exerted downward pressure on Toluene prices. Additionally, contraction and tightening in the construction sector further influenced the overall demand and prices in the domestic market. For the week ending July xx, xxxx, Toluene prices were recorded at USD xxxx per MT, FOB Hamburg, marking a x.xx decrease from the previous week.
The main factors affecting Toluene prices in the domestic market are the costs of naphtha and the energy needed for production.Recently, the drop in European naphtha prices has contributed to the decrease in Toluene prices. Furthermore, slower demand in the paints, polyurethane, and adhesive markets has further pressured Toluene prices downward.
Eurostat, the European Commission&#xx;s statistics body,...
