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Chempricehub Important Reminder: Rising Crude Oil Prices Drive Up Xylene and Toluene Prices
Published on 2026-03-02
March 2nd News: The mainstream quotation range for xylene in the Shandong region is 5700-5750 yuan/ton, up by 120 yuan/ton compared to the previous trading day. Geopolitical conflicts have driven a significant rise in crude oil prices, with toluene and xylene continuing to show strength. Refineries are experiencing smooth sales, and today, holders are reluctant to sell and are strongly supporting prices. It is expected that market prices will remain firm. Chempricehub's analysis of mixed xylene, with a long-short score of 2: Spot quotations for mixed xylene in the Shandong region have increased by 120 yuan/ton to 5700-5750 yuan/ton, showing a significant rise. Geopolitical conflicts have driven a substantial increase in crude oil prices, providing strong cost support; smooth sales from refineries reflect good demand, and holders' reluctance to sell and strong price support indicate tight supply; it is expected that market prices will remain firm, constituting a significant positive for spot prices. Toluene, with a long-short score of 1.5: The article mentions that toluene continues to show strength, influenced by rising crude oil prices and the linkage with the mixed xylene market, with enhanced cost support and positive demand expectations. Although there are no specific quotation data, the overall market sentiment is strong, and prices are expected to remain firm, constituting a general positive for spot prices.