April 22 News - South China toluene market mainstream quotations today stand at 6700-6900 CNY/ton, down 100 CNY/ton from the previous trading day. Sinopec South China Company has lowered its toluene ex-plant price by 200 CNY/ton to 6900 CNY/ton. The sustained rise in crude oil prices provides cost support, and earlier downstream buying interest at lower levels was relatively acceptable, lending some upward momentum to the market. However, gasoline blending demand remains weak, traders are cautious, and buying follow-through in the market is insufficient. Today, petrochemical enterprises have reduced their ex-plant prices, prompting spot market quotations to follow suit. Chempricehub ratings for toluene: bull-bear score -1. The article indicates that mainstream spot market quotations in South China have declined by 100 CNY/ton to 6700-6900 CNY/ton, while Sinopec's ex-plant price has been reduced by 200 CNY/ton to 6900 CNY/ton, suggesting downward pressure on spot prices. Although the continuous rise in crude oil provides cost support and earlier downstream restocking at low prices was relatively acceptable, weak gasoline blending demand has led to insufficient buying follow-through and cautious trader sentiment. Petrochemical companies' proactive reduction in ex-plant prices has triggered a decline in the spot market. Weak demand dominates the market, undermining the positive effect of cost support, and overall exerts a generally bearish influence on toluene spot prices.