The mainstream spot quotation range for xylene in East China is 5,720-5,730 yuan/ton. Domestic toluene and xylene prices have weakened slightly and may continue to fluctuate and decline within the day. Coupled with the deepening decline in crude oil prices, market sentiment is bearish. Although current inventories are low, increased supply from refinery destocking before the Spring Festival will add pressure on prices in the short term, with the overall trend leaning toward fluctuation and weakening.
PriceSeek Analysis: Mixed Xylene, Bull-Bear Score: -1
The article points out that spot prices for mixed xylene have weakened slightly, with a quotation range of 5,720-5,730 yuan/ton, and may continue to fluctuate and decline within the day. Key bearish factors include the deepening decline in crude oil prices, which has led to bearish market sentiment, and increased supply from refinery destocking before the Spring Festival. Although low current inventories provide some support, overall supply pressure is suppressing prices. Short-term prices are under clear pressure, and the market is expected to fluctuate and weaken, resulting in a general bearish score of -1.
Toluene, Bull-Bear Score: -1
The article mentions that toluene prices have weakened slightly, similar to mixed xylene, influenced by the decline in crude oil prices and bearish market sentiment. The deepening drop in crude oil prices has reinforced bearish expectations, and increased supply from refinery destocking before the Spring Festival will intensify price pressure. Although low inventories provide a buffer, they are insufficient to reverse the downward trend. Short-term prices are under pressure and expected to fluctuate and decline, resulting in a general bearish score of -1.
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