Traders overshot gasoline demand this past summer with around 3 million barrels of imported toluene and xylene from South Korea in May and June. It took several months to blend off these imports.
Global and North American lignosulfonate supply will continue to remain tight for the next 2-4 years. In 2019 250,000 metric tons of global lignosulfonate capacity shut down. In 2021 80,000 tons of North American lignosulfonate capacity shut down.