In the South China toluene market today, the mainstream quotation range is 5400-5450 yuan/ton, down 20 yuan/ton from the previous trading day. The listed prices of Sinopec South China Company for toluene are as follows: Guangzhou Petrochemical at 5400 yuan/ton, Maoming Petrochemical at 5400 yuan/ton, and Zhongke Refining & Chemical at 5400 yuan/ton. Currently, the quotations from major refineries remain firm, while spot market transactions are moderate. Downstream demand is driven by rigid needs, and market negotiation sentiment is relatively subdued. Spot market quotations have seen a slight decline today. PriceSeek Analysis of Toluene, Bull-Bear Score: -1 The spot price has decreased by 20 yuan/ton to 5400-5450 yuan/ton, indicating ample market supply or weak demand. Firm refinery quotations provide some support, but downstream rigid demand procurement and subdued negotiation sentiment suggest insufficient demand, leading to downward pressure on spot prices. Overall, this constitutes a generally bearish impact on toluene spot prices.