Toluene Price History and Forecast Analysis | Procurement Resource

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Toluene is a colourless, water-insoluble liquid with a sweet, pungent odour. It is also known as methylbenzene or phenyl methane. It is a volatile organic molecule that belongs to the chemical class known as aromatic hydrocarbons. Toluene is a petroleum byproduct that is primarily employed as a solvent in a wide range of industrial and consumer applications.

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It is a colourless, combustible liquid with a sweet, strong odour. It has the chemical formula C7H8 and a molecular weight of 92.14 g/mol. It has a melting point of -95 °C (-139 °F) and a boiling point of 110.6 °C (231.1 °F). It has a density of 0.87 g/cm3 at room temperature and is insoluble in water but soluble in most organic solvents.

It is a volatile organic molecule with a low viscosity and surface tension. It is highly flammable and can generate explosive combinations with air. It has a flash point of 4.4 °C (39.9 °F) and an autoignition temperature of 535 °C (995 °F).

The top toluene-producing countries globally are the United States, China, South Korea, USA, Taiwan, and Japan.

Key Details About the Toluene Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Toluene price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.

The Toluene Price trends, including India’s Toluene price, USA’s Toluene price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting Toluene Price Trend:

Many items, including paints, varnishes, adhesives, and inks, use toluene as a solvent. It is also used to make polymers and synthetic fibres.

It is a component of aviation fuels and is used as a fuel additive. It is a feedstock for the manufacture of benzene and other compounds. It is also utilised in industrial cleaning and degreasing.

Additionally, it is used as a frequent component of chromatography solvents and is used in the laboratory as a solvent for numerous organic substances.

Key Players:

  • Shell Chemicals
  • Reliance Industries Limited
  • China National Petroleum Corporation
  • Exxon Mobil Corporation
  • Valero Marketing and Supply Company

News and Events:

  • December 27, 2022: Officials from the Department of Factories inspected the accident site at Laurus Labs in JN Pharmacity in the Anakapalli district. According to preliminary results, the disaster could have been triggered by a leak of extremely flammable toluene solvent.

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Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.

We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence providing you with the latest and consistent data.

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