Houston- Toluene prices in the US market remained stable in the second week of February as Toluene manufacturers focused on balancing the gap between demand and supply in the domestic market. Toluene production costs are directly proportional to the total cost of naphtha and crude oil prices in the domestic market. For the past two months, the global market has been in turmoil regarding crude oil prices, with significant variations impacting the final prices of Toluene. At the week ending February xxth, Toluene prices in the US market were observed at USD xxxx per MT, FOB Louisiana, maintaining steadiness from the previous week.
Low levels of inventory are maintaining the advantage for sellers in the housing market. While mortgage rates have decreased from their highest point, they remain elevated, and expensive home prices are deterring potential buyers. Further drops in rates would stimulate activity from both buyers...
