The mainstream quotation range for toluene in the South China market today is 5,450–5,580 yuan/ton, unchanged from the previous trading day. Sinopec South China's listed prices for toluene: Guangzhou Petrochemical at 5,400 yuan/ton, Maoming Petrochemical at 5,400 yuan/ton, and Sinochem Refining at 5,400 yuan/ton. In the previous trading day, domestic toluene and xylene market prices experienced varying degrees of decline. The aromatics market continued its weak trend during the night session, compounded by the ongoing reduction in downstream spot restocking demand ahead of the Spring Festival. Market buying interest is expected to remain weak during the day. Although refinery inventories are mostly at low levels, there is no expectation of a further deepening of short-term supply-demand structural imbalances. Considering the overall weak market sentiment, it is anticipated that the bidding prices for toluene and xylene will continue to experience slight downward pressure during the day.
PriceSeek Analysis
Toluene, Bull-Bear Score: -1
The article indicates that the mainstream quotation for toluene in the South China market remains flat at 5,450–5,580 yuan/ton. However, influenced by the weak trend in the night session aromatics market and the continued reduction in downstream spot restocking demand ahead of the Spring Festival, market buying interest is expected to be weak. Although refinery inventories are at low levels and the supply-demand structural imbalance has not deepened, the overall market sentiment is bearish. It is anticipated that prices will experience slight downward pressure during the day, reflecting a generally bearish trend.
Xylene, Bull-Bear Score: -1
The article mentions that xylene market prices have also declined and predicts that bidding prices will continue to experience slight downward pressure during the day. Reasons include the continued weak trend in the night session aromatics market, reduced downstream demand leading to insufficient buying interest, and the overall weak market sentiment. Although the supply-demand imbalance has not significantly worsened, bearish factors dominate, and prices are expected to face downward pressure, indicating a generally bearish impact.
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