Toluene Price Chart, Historical and Forecast Analysis | Procurement Resource
Toluene, also recognized as methylbenzene or phenyl methane, is a clear, sweet-smelling liquid that lacks solubility in water. Falling under the category of aromatic hydrocarbons, this volatile organic compound originates as a byproduct of petroleum and finds extensive usage as a solvent across various industrial and consumer applications.
Characterized by its colorlessness and combustible nature, toluene boasts a chemical formula of C7H8 and a molecular weight of 92.14 g/mol. With a freezing point of -95 °C (-139 °F) and a boiling point of 110.6 °C (231.1 °F), it holds a density of 0.87 g/cm3 at standard room temperature. Though it remains insoluble in water, it readily dissolves in numerous organic solvents.
This compound exhibits volatility, featuring low viscosity and surface tension, while posing high flammability risks, capable of forming explosive mixtures with air. Notably, it presents a flash point of 4.4 °C (39.9 °F) and an autoignition temperature of 535 °C (995 °F).
Leading global producers of toluene include the United States, China, South Korea, Taiwan, and Japan.
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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:
Toluene serves as a solvent in various products like paints, varnishes, adhesives, and inks. Moreover, it plays a role in producing polymers and synthetic fibers.
In addition, toluene is a key element in aviation fuels and acts as a fuel enhancer. It’s crucial in creating benzene and other compounds and finds use in industrial cleaning and degreasing processes.
Furthermore, it’s a common ingredient in chromatography solvents and is employed in laboratories as a solvent for a wide range of 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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