South China toluene market's mainstream quotations today range from 6,800 to 6,950 CNY/ton, down 10 CNY/ton from the previous trading day. Although crude oil declined sharply overnight and the losses in aromatics-related contracts narrowed slightly during night trading, the overall bearish sentiment in the market has not reversed. Spot prices of toluene and xylene have already trended lower yesterday, and the market continues to operate weakly at present. However, room for further sustained deep declines in the short term remains relatively limited. Going forward, the trend will still need to closely track real-time fluctuations in crude oil and aromatics futures.
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