The mainstream spot price range for xylene in East China is 6,940-6,950 yuan/ton, up by 20 yuan/ton from the previous trading day. Strengthening crude oil has boosted PX futures, coupled with low operating rates of PX plants and expectations of further declines, providing feedstock support for toluene and xylene. However, weak demand from downstream solvents and blending sectors, along with the nearing closure of arbitrage opportunities for toluene exports, is weighing on buying interest. Amid a tug-of-war between bulls and bears, price fluctuations remain limited, with the market expected to move mostly sideways in the short term.
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