March 13 — The mainstream quotation range for toluene in the South China market today is 7,300–7,700 yuan/ton. Sinopec South China Company has set its toluene listed price at 7,700 yuan/ton. Overnight, international crude oil prices closed significantly higher, providing a clear boost to sentiment in the chemical products market. Yesterday, the domestic toluene and xylene markets generally showed strong performance, with smooth shipments and active trading in the Shandong region. Currently, holders have a strong willingness to support prices. It is expected that the toluene and xylene markets will continue their strong trend today.

Chempricehub Analysis
Toluene, Bull-Bear Score: 1.5
The sharp rise in international crude oil prices has directly increased the production costs of chemical raw materials, boosting market sentiment. The mainstream quotation range in South China is 7,300–7,700 yuan/ton, with Sinopec’s listed price at 7,700 yuan/ton, indicating strong price support from holders. Smooth shipments and active trading in the Shandong region reflect overall strong market performance, and spot prices are expected to continue their upward trend. While positive factors are significant, attention should be paid to downstream demand follow-up, leading to a relatively strong bullish score.

Xylene, Bull-Bear Score: 1.5
Rising crude oil prices have improved sentiment across the chemical products market, with xylene, as a related product to toluene, benefiting accordingly. The domestic market is performing strongly, with active trading and strong price support from holders. Spot prices for xylene are expected to follow toluene in maintaining a strong trend, with clear positive factors. However, market fluctuations are influenced by crude oil and supply-demand dynamics, and the score reflects a relatively strong bullish outlook.