Toluene Prices, Analysis, Report, Chart, News, Trend, Forecast and Historical Data
Toluene Prices in USA
· United States: 1030 USD/MT
In Q4 2023, the USA experienced an industry decline driven by inventory pressure, as upstream stocks fell to their lowest levels in two years. Despite this, there were no reported plant shutdowns during this period.
The latest report by IMARC, titled “ Toluene Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” provides a thorough examination of toluene price trends. This report delves into the price of toluene globally, presenting a detailed analysis, along with informative price charts. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the Toluene Prices, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Toluene Prices December 2023:
· United States: 1030 USD/MT
· South Korea: 800 USD/MT
· Belgium: 980 USD/MT
· Saudi Arabia: 1151 USD/MT
Report Offering:
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The study delves into the factors affecting toluene price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
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Toluene Price Trend- Q4 2023
One of the primary drivers of the global toluene market is its extensive use in the petrochemical industry as a solvent in the synthesis of various pharmaceutical compounds. The rising healthcare needs across the globe and the expansion of pharmaceutical manufacturing further catalyzes the toluene demand. It also serves as a precursor to a variety of chemicals, including benzene, xylene, and toluene diisocyanate. These chemicals are essential in the production of polymers, resins, and synthetic fibers, which are integral to numerous manufacturing processes. In addition, the burgeoning demand from the automotive and construction sectors significantly propels the market growth.
Toluene is a crucial component in the production of paints, coatings, and adhesives. Apart from this, the solvent application of toluene in the production of nail polish removers, paint thinners, and disinfectants highlights its versatility. The increasing consumer inclination towards personal care products and home improvement activities is impelling the market growth.
Toluene Market Analysis
The global toluene market size reached US$ 28.9 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 44 Billion, at a projected CAGR of 4.60 % during 2023–2032. In the fourth quarter of 2023, the North American toluene market experienced a significant downturn due to several challenges. Firstly, the decline in crude oil prices was influenced by geopolitical tensions between Hamas and Israel and high-interest rates imposed by the Federal Reserve towards the end of the quarter. The USA faced inventory pressures as upstream stock levels fell to a two-year low, and there were no plant shutdowns during this period.
In Q4 of 2023, the toluene market in the Asia-Pacific region experienced a bearish trend. This was influenced by lower production rates and a diminished demand outlook from downstream industries such as toluene diisocyanate (TDI), coatings, and adhesives as the quarter ended. In South Korea, significant price changes were observed, primarily due to moderate supply and low demand from industries such as paints and coatings.
Furthermore, in the fourth quarter of 2023, toluene prices in the European region declined, influenced by several factors, leading to a bearish quarter marked by moderate supply and demand. The production decline was due to reduced activities in manufacturing consumer goods and intermediaries.
In Q4 2023, toluene prices in the Middle East and Africa (MEA) region remained bearish, primarily due to weak demand from end-use sectors, such as adhesives, disinfectants, and TDI. This decrease in demand led to a buildup of inventories, putting additional pressure on prices. Saudi Arabia saw a continuous drop in toluene prices due to soft buying interest and increasing inventories.
Key Points Covered in the Toluene Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
· Toluene Prices
· Toluene Price Trend
· Toluene Demand & Supply
· Toluene Market Analysis
· Demand Supply Analysis by Type
· Demand Supply Analysis by Application
· Demand Supply Analysis of Raw Materials
· Toluene Price Analysis
· Toluene Industry Drivers, Restraints, and Opportunities
· Toluene News and Recent developments
· Global Event Analysis
· List of Key Players
Regional Price Analysis:
· Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
· Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
· North America: United States and Canada
· Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
· Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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