Louisiana (USA): The Toluene prices in the North American region witnessed stability amidst the continuous rise in the WTI crude oil and naphtha prices in the regional market. Toluene manufacturers are working to balance the demand and supply of Toluene in the domestic market. The cost of producing Toluene is directly influenced by the combined costs of naphtha and crude oil in the local market. Over the past two months, the global market has experienced turmoil in crude oil prices, leading to fluctuations in naphtha prices and significantly impacting the final prices of Toluene.
As of the week ending March xst xxxx Toluene prices in the US market remained steady at USD xxxx per metric ton, free on board (FOB) Louisiana, compared to the previous week.
The decision to extend production cuts until mid-xxxx builds upon previous reductions in oil output and exports, as major energy...
