April 28 News
In the South China toluene market, the mainstream quoted prices today range from 7,200 to 7,500 RMB/ton, up by 150 RMB/ton compared to the previous trading day. The partial restoration of refined oil export quotas, coupled with improved export arbitrage margins, has led to a generally tight domestic supply, providing strong support to the market. International crude oil prices have steadily risen, reinforcing cost support while significantly boosting trading confidence in the market. Driven by multiple bullish factors, toluene and xylene prices experienced an upward fluctuation in the previous trading session. The short-term market sentiment remains strong, and prices are expected to continue their upward trend in the near term.

Chempricehub Analysis – Toluene
Bullish/Bearish Score: 1.5
The report indicates that the mainstream quoted prices in the South China toluene market rose by 150 RMB/ton to between 7,200 and 7,500 RMB/ton. Tight supply, the recovery of refined oil export quotas, and favorable export arbitrage margins provide support. The rise in international crude oil prices has strengthened cost-side support and boosted market confidence. Short-term prices are expected to continue their upward movement. These factors collectively suggest a notable positive impact on spot toluene prices, with a score of 1.5 reflecting a positive trend ranging from moderate to significant bullishness.

Xylene
Bullish/Bearish Score: 1.5
Driven by multiple bullish factors, xylene prices experienced an upward fluctuation. Tight supply, stable cost support, and a generally strong market sentiment suggest that prices are expected to continue rising in the near term. The rise in international crude oil prices and the partial restoration of refined oil export quotas indirectly benefit the spot xylene market. The combination of these factors constitutes positive support, with a score of 1.5 indicating a favorable impact ranging from moderate to significant bullishness.