February 24th News: The mainstream spot quotation range for toluene in East China is 5,450-5,500 yuan/ton, up 50 yuan/ton from the previous trading day. The domestic toluene and xylene markets are consolidating sideways, with limited early-morning market negotiations and generally small upward adjustments in quotations. It is expected that the toluene and xylene markets will mainly experience narrow-range consolidation.
Chempricehub Analysis:
Toluene, Bull-Bear Score: 1
The spot quotation for toluene in East China increased by 50 yuan/ton to 5,450-5,500 yuan/ton. The market is consolidating sideways, with generally small upward adjustments in quotations, indicating a moderate improvement in short-term demand or tight supply. This change constitutes a general positive for spot prices. The market is expected to consolidate narrowly with limited gains.
Xylene, Bull-Bear Score: 1
Domestic xylene market quotations generally saw small upward adjustments. The market is consolidating sideways with limited negotiations and is expected to mainly experience narrow-range consolidation. This change reflects a slight tightening in the supply-demand balance, which has a positive impact on spot prices and is considered a general positive. Short-term price fluctuations are expected to be minimal.