The mainstream spot price range for xylene in East China is quoted at 6,950-6,980 RMB/ton, up 20 RMB/ton from the previous trading day. A streak of consecutive gains in crude oil prices has bolstered the aromatics market, driving toluene and xylene to fluctuate upward yesterday. Short-term intraday trading is expected to maintain price stability with range-bound fluctuations. However, domestic end-user demand remains insufficient in volume, leading traders to adopt a cautious stance on procurement. In addition, the narrowing arbitrage spread for toluene exports has weighed on transaction volumes, resulting in a strong wait-and-see sentiment in the market. Consequently, the market is anticipated to continue fluctuating within a narrow range.
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