On June 1, Sinopec's sales companies priced butadiene at 12,000 yuan/ton, unchanged from the previous trading day. Overnight crude oil closed lower but rebounded slightly during the session, while aromatics showed little fluctuation overnight, with no clear market direction. Influenced by expectations of a weakening crude oil outlook in the long term, market sentiment remained cautious, with weak downstream purchasing willingness and relatively light transactions, weighing on the recent slight decline in toluene and xylene prices. However, support from the cost side and end-user demand is expected to keep both products in a narrow range fluctuation in the short term.
Comments
0