On February 3, Sinopec South China Company reduced the initial listed price of xylene by 100 yuan/ton: Guangzhou Petrochemical's isomer price was set at 5,900 yuan/ton, Maoming Petrochemical's isomer price was set at 5,900 yuan/ton, and Sinochem Refining and Chemical's isomer price was set at 5,900 yuan/ton. PriceSeek analysis of mixed xylene, with a bullish-bearish score of -1: Sinopec South China Company lowered the initial listed price of xylene by 100 yuan/ton to 5,900 yuan/ton, reflecting ample market supply or weak demand, which directly exerts downward pressure on spot prices. This price adjustment may intensify bearish sentiment in the market, leading to short-term downward pressure on spot prices. Considering the overall weak trend in the current chemical product market, spot prices are expected to continue consolidating at lower levels.
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