North America Toluene Price Movement Last Quarter:
Toluene Prices in the United States:
| Product | Category | Price |
| Toluene | Chemical | 1060 USD/MT |
Toluene prices in the United States for Q2 2024 reached 1,060 USD/MT in June, reflecting a notable downward trend throughout the quarter. Despite the usual seasonal influences, they failed to provide the anticipated boost, as a consistent decline was evident upon examining the market dynamics. Prices also decreased from Q1 2024, highlighting an ongoing negative trajectory. By the end of Q2, the U.S. toluene market showed a pessimistic outlook, influenced by factors such as subdued demand and oversupply conditions. The toluene price chart revealed a steady downward slope, reflecting the broader economic challenges impacting the market and indicating potential continued pressure soon.
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Note: The analysis can be tailored to align with the customer’s specific needs.
APAC Toluene Prices Movement Last Quarter:
Toluene Prices in South Korea:
| Product | Category | Price |
| Toluene | Chemical | 860 USD/MT |
The price trend for toluene in South Korea for Q2 2024 settled at 860 USD/MT in June, reflecting notable price fluctuations influenced by seasonal shifts and broader market dynamics. The first half of Q2 saw relatively stable prices, but the latter half experienced a consistent decline, emphasizing the downward trend during the quarter. This decline in toluene prices was shaped by factors such as rising freight costs, persistent supply chain constraints, and cautious demand projections from key downstream industries. By the end of the quarter, the South Korean toluene market exhibited a pessimistic outlook, with the Toluene Price History offering valuable insights into the evolving pricing patterns and market influences.
Regional Analysis: The price analysis can be extended to provide detailed phenol price information for the following list of countries.
China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries.
Europe Toluene Prices Movement Last Quarter:
Toluene Prices in Germany:
| Product | Category | Price |
| Toluene | Chemical | 965 USD/MT |
In Q2 2024, Germany’s toluene prices declined significantly, reaching 965 USD/MT in June, reflecting an overarching negative market sentiment. Seasonal factors that typically drive price increases during warmer months failed to materialize, as heavy rainfall disrupted transportation lines, adding to market challenges. Compared to the same period in the previous year, prices showed a notable drop, indicating weaker market performance. Despite an initial upswing in the first quarter of 2024, adverse conditions in the second quarter, including logistical issues and subdued demand, shifted the outlook for toluene prices in Germany to a negative trajectory.
Regional Analysis: The price analysis can be expanded to include detailed boric acid price data for a wide range of European countries:
such as Germany, France, the United Kingdom, Italy, Spain, Russia, Turkey, the Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, the Czech Republic, Portugal, and Greece, along with other European nations.
MEA Toluene Prices Movement Last Quarter:
Toluene Prices in Saudi Arabia:
| Product | Category | Price |
| Toluene | Chemical | 1155 USD/MT |
In Q2 2024, Saudi Arabia’s toluene prices followed a declining trend, settling at 1,155 USD/MT in June. Seasonal factors, such as reduced demand for heating fuels, contributed to weakening overall market demand. Prices showed a notable decrease compared to both Q2 2023 and Q1 2024, reflecting a bearish market sentiment throughout the period. The second half of the quarter saw a sharper decline than the first, emphasizing the growing challenges within the market. These fluctuations underscore the impact of seasonal trends and shifting demand dynamics on toluene pricing in Saudi Arabia.
Regional Analysis: The price analysis can be expanded to include detailed boric acid price data for a wide range of MEA countries:
Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries.
Factors Affecting Toluene Demand and Prices?
Toluene demand and prices are influenced by various factors, including its extensive use in key industries such as chemicals, paints, adhesives, and automotive. Seasonal demand fluctuations significantly impact prices, with higher consumption during peak production periods driving up market values. Supply-side dynamics, such as raw material availability, refinery operations, and geopolitical factors, also play a crucial role in determining toluene prices. Additionally, global economic conditions, crude oil price trends, and transportation costs contribute to market volatility. Environmental regulations and the shift toward sustainable alternatives can further influence demand, potentially creating imbalances in the market. These interconnected factors underscore the complexity of the Toluene Price Index, making it essential for stakeholders to monitor these elements to anticipate market movements effectively.
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Key Coverage:
- Market Analysis
- Market Breakup by Region
- Demand Supply Analysis by Type
- Demand Supply Analysis by Application
- Demand Supply Analysis of Raw Materials
- Price Analysis
- Spot Prices by Major Ports
- Price Breakup
- Price Trends by Region
- Factors Influencing the Price Trends
- Market Drivers, Restraints, and Opportunities
- Competitive Landscape
- Recent Developments
- Global Event Analysis
How the IMARC Pricing Database Can Help
The latest IMARC Group study, “Toluene Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data 2024 Edition,” presents a detailed analysis of the Toluene price trend, offering key insights into global Toluene market dynamics. This report includes comprehensive price charts, which trace historical data and highlight major shifts in the market.
The analysis delves into the factors driving these trends, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines Toluene demand, illustrating how consumer behavior and industrial needs affect overall market dynamics. By exploring the intricate relationship between supply and demand, the price report uncovers critical factors influencing current and future prices.
About Us:
IMARC Group is a global management consulting firm that provides a comprehensive suite of services to support market entry and expansion efforts. The company offers detailed market assessments, feasibility studies, regulatory approvals, licensing support, and pricing analysis, including spot pricing and regional price trends. Its expertise spans demand-supply analysis and regional insights covering Asia-Pacific, Europe, North America, Latin America, the Middle East, and Africa. IMARC also specializes in competitive landscape evaluations, profiling key market players, and researching market drivers, restraints, and opportunities. IMARC’s data-driven approach helps businesses navigate complex markets with precision and confidence.
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