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Chempricehub Alert: Rising Crude Oil Prices Drive Up Xylene and Toluene Prices
Published on 2026-03-03

March 3 — The mainstream spot quotation range for xylene in East China is between 5,940 and 6,000 yuan/ton, up from the previous trading day. Crude oil rose sharply, and toluene and xylene continued to be strong, rising sharply in the previous trading day, and are expected to hold firm with fluctuations during the day. The situation in Iran has a significant impact on commodity prices and market sentiment, and tight supply fundamentals support prices; however, after the sharp rise, traders and downstream purchases are relatively cautious, and the market maintains high and firm operation. Chempricehub's analysis of mixed xylene, long-short score: 1. The sharp rise in crude oil drives up costs, tight supply fundamentals support prices, and the situation in Iran intensifies market nervousness, pushing spot quotations up to 5,940–6,000 yuan/ton; however, cautious purchases by traders and downstream may limit the increase, and prices are expected to hold firm with fluctuations during the day. Positive factors dominate, giving a generally positive score. Toluene, long-short score: 1. The significant rise in crude oil prices significantly pushes up costs, and tight supply fundamentals provide support, continuing the strong trend from the previous trading day; however, market sentiment is affected by the situation in Iran, and cautious purchases by traders may limit upward space, with prices operating firmly at high levels. Positive factors dominate but caution is needed against the risk of a pullback, giving a generally positive score.

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