On June 1, Sinopec South China Company implemented its xylene listed price at 6,950 RMB/ton. Overnight crude oil closed lower with a slight intraday rebound, while aromatics remained largely stable with no clear directional trend overnight. Amid expectations of a weakening crude oil outlook in the longer term, the market sentiment turned cautious, with downstream buyers showing weak purchasing intentions. Transactions remained subdued, dragging down toluene and xylene prices slightly in the near term. However, support from cost-side factors and resilient end-user demand is expected to keep prices within a narrow range in the short term, continuing a pattern of narrow fluctuations.
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