The mainstream spot quotation range for xylene in East China is 5700-5750 yuan/ton, down 10 yuan/ton from the previous trading day. Domestic toluene and xylene experienced weak fluctuations during the day. Before the holiday, refineries actively shipped goods, traders held goods cautiously, and buying interest was weak. It is expected that the market will remain weak and consolidate during the day.
PriceSeek Analysis:
Mixed Xylene, Bull-Bear Score: -1
The spot quotation for mixed xylene in East China decreased by 10 yuan/ton to 5700-5750 yuan/ton, indicating a weak and fluctuating market trend. Before the holiday, refineries actively shipped goods, traders held goods cautiously, and buying interest weakened, reflecting increased supply pressure and insufficient demand. It is expected that the weak consolidation will continue during the day, exerting a generally bearish impact on spot prices in the short term.
Toluene, Bull-Bear Score: -1
The article mentions that the domestic toluene market experienced weak fluctuations, affected by pre-holiday factors along with xylene. Refineries actively shipped goods, traders held goods cautiously, and buying interest was weak, reflecting overall sluggish demand and market uncertainty. It is expected that weak consolidation will suppress price increases, exerting a generally bearish impact on toluene spot prices.
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