The mainstream quotation range for toluene in the South China market today is 5,500–5,680 yuan/ton, up 70 yuan/ton from the previous trading day. The listed prices of Sinopec South China Company for toluene are as follows: Guangzhou Petrochemical at 5,500 yuan/ton, Maoming Petrochemical at 5,500 yuan/ton, and Zhongke Refining and Chemical at 5,500 yuan/ton. A significant surge in crude oil prices has boosted market sentiment, leading to an overall upward trend in market quotations during the early trading session. Suppliers are actively supporting prices, and buyers' willingness to follow up has increased. It is expected that prices will fluctuate and rise during the day, showing a short-term bullish trend.
PriceSeek Analysis of Toluene, Bull-Bear Score: 2
The substantial increase in crude oil prices has significantly boosted market sentiment. Suppliers are actively supporting prices, and buyers' willingness to follow up has increased, driving the spot price of toluene up by 70 yuan/ton. It is expected that prices will fluctuate and rise during the day, showing a short-term bullish trend. This indicates an improvement in the market supply-demand structure, with strong external crude oil support, which has a significant positive impact on spot prices.
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