Toluene Prices Firm as Gasoline Swaps Strengthen into February

Blending Value Support

The recent strengthening of front-month gasoline swaps has significantly increased the blending value for toluene. Refiners are increasingly bidding for nitration-grade material to support summer-grade octane requirements.

Industrial Solvent Pull

Demand from the global coatings and resins sector remains robust, particularly in the emerging markets of Southeast Asia. This steady baseload of industrial demand is serving as a buffer against broader energy market volatility.