April 2 — The mainstream spot quotation range for xylene in East China is 8,120–8,000 yuan/ton, down 100 yuan/ton from the previous trading day. Current focus is on the progress of Iran negotiations, with subsequent crude oil trends and market sentiment changes potentially affecting the overall aromatics landscape. Although domestic toluene and xylene spot supply remains tight, providing some bottom support for the market, downstream procurement remains cautious and conservative, lacking momentum for significant demand expansion. On the external front, crude oil losses narrowed significantly in late trading, but aromatics remained generally weak overnight, with limited cost support. Combined with the previous day’s price decline for toluene and xylene, the short-term market is expected to remain in a weak consolidation phase overall.

Chempricehub Analysis:
Mixed Xylene, Bull-Bear Score: -1
Xylene spot prices in East China fell by 100 yuan/ton. Tight supply provides bottom support, but downstream procurement remains cautious, with demand lacking momentum for expansion. Crude oil support is limited, and aromatics were weak overnight, leading to price declines. Comprehensive factors indicate the short-term market will remain in a weak consolidation phase, score -1 (generally bearish).

Toluene, Bull-Bear Score: -1
Toluene spot supply is tight, but influenced by xylene, downstream demand remains conservative and cautious, lacking momentum for expansion. Crude oil losses narrowed in late trading but support remains insufficient, with the overall aromatics landscape weak and prices already in decline. The short-term market is expected to remain weak, score -1 (generally bearish).