January 23 News: In the Shandong region, the early morning mainstream quotation range for toluene is 5,160–5,200 yuan/ton, an increase of 40 yuan/ton compared to the previous trading day. Major refineries in the province have generally raised their quotations slightly. The spot market trading atmosphere remains favorable, with downstream users replenishing inventories as needed. Recent inquiries have been active, and refinery inventories are running at relatively low levels, contributing to a slight recovery in the spot market. Chempricehub's analysis of toluene shows a bullish-bearish score of 1. The mainstream spot quotation for toluene in the Shandong region has increased by 40 yuan/ton to 5,160–5,200 yuan/ton. Refineries in the province have generally raised their quotations slightly, and market trading activity is robust. Downstream users are replenishing inventories based on demand, with active inquiries recently. Low refinery inventories have collectively contributed to the recovery of the spot market. This indicates strong demand-side support and tight supply, providing a moderate positive impact on spot prices. It is expected that prices may maintain a stable to slightly stronger trend in the short term.