February 2 — The mainstream quotation range for toluene in the South China market today is 5,500–5,650 yuan/ton, up 50 yuan/ton from the previous trading day. The listed prices of toluene from Sinopec South China Company are as follows: Guangzhou Petrochemical at 5,600 yuan/ton, Maoming Petrochemical at 5,600 yuan/ton, and Sinopec-Zhanjiang Refining and Chemical at 5,600 yuan/ton. Domestic toluene and xylene prices have weakened slightly and are expected to continue fluctuating downward during the day. Coupled with deepening declines in crude oil, market sentiment remains bearish. Although current inventories are low, increased supply from refinery destocking before the Spring Festival will put pressure on short-term prices, leading to a predominantly weak and fluctuating trend. Chempricehub's analysis of toluene gives a long-short score of -1. The article indicates that toluene quotations in South China have increased by 50 yuan/ton, but overall domestic prices have weakened slightly. Influenced by deepening crude oil declines and bearish market sentiment, coupled with increased supply from refinery destocking before the Spring Festival, short-term prices are expected to face pressure and fluctuate downward. Score -1 (generally bearish) due to increased supply and declining crude oil dragging down demand, offsetting the positive impact of local quotation increases. For xylene, the long-short score is -1. The article mentions that xylene prices have weakened slightly, similar to toluene, affected by declining crude oil and bearish market sentiment. Destocking before the Spring Festival will bring supply pressure, and prices are expected to continue fluctuating downward during the day. Score -1 (generally bearish) due to low inventories but dominated by increased supply, with a lack of support on the demand side, increasing the risk of price declines.