On April 24, Sinopec South China Company raised its listed price for xylene by 100 CNY/ton, now set at 7,000 CNY/ton. Benefiting from concentrated bargain hunting and restocking by downstream buyers in recent days, market transaction volumes expanded. Additionally, the recent strength in crude oil prices provided cost support, leading to a volatile rebound in toluene and xylene market prices the previous trading day. It is expected that the market will maintain a firm and volatile stance during the day, with overall offers leaning strong. However, close attention must be paid to producers' willingness to sell ahead of the May Day holiday, while traders' holding sentiment remains weak. Under the influence of multiple factors, the short-term rebound potential of market prices is expected to be limited.

Chempricehub’s assessment of mixed xylene gives a Bullish/Bearish Score of +1. The article indicates that Sinopec South China Company raised its xylene listed price by 100 CNY/ton to 7,000 CNY/ton, driven by concentrated bargain hunting and restocking by downstream buyers, increased market transaction volumes, and cost support from stronger crude oil trends, leading to a volatile rebound in spot prices. This reflects positive signals of tight supply and improved demand in the spot market. However, ahead of the May Day holiday, producers’ willingness to sell may increase, coupled with weak trading sentiment among traders, which could limit further price gains. Therefore, the score is +1 (mildly positive), with spot prices expected to remain firm and volatile in the short term, although the rebound potential is limited.

For toluene, the Bullish/Bearish Score is also +1. The article notes that toluene market prices also experienced a volatile rebound, influenced by the same factors, including restocking and cost support from crude oil, which supported the short-term upward trend in spot prices. The market expects overall offers to remain strong during the day, but constrained by producers' selling pressure before the May Day holiday and traders' weak holding sentiment, the rebound potential may be limited. The score is +1 (mildly positive), indicating moderate upward momentum for spot prices, but lacking significant breakthrough-positive factors.