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Chempricehub Important Reminder: Shandong Xylene Price Drops by 450 Yuan, Double Negative Impact from Crude Oil Futures
Published on 2026-03-11
March 11th News: The mainstream quotation range for xylene in the Shandong region is between 6,800 and 6,850 yuan per ton, a decrease of 450 yuan per ton compared to the average price of the previous trading day. The ex-factory prices of mainstream local refineries in the province have been adjusted downward, and market negotiations are relatively subdued. Overnight, crude oil and aromatics futures experienced a significant synchronous decline, creating dual negative pressures from both cost and futures market performance. As a result, toluene and xylene prices have notably retreated, erasing previous gains. Overall market sentiment remains weak throughout the day. Chempricehub Analysis: Mixed Xylene, Bull-Bear Score: -2 The spot price of mixed xylene in the Shandong region has decreased by 450 yuan per ton to 6,800-6,850 yuan per ton, with subdued market negotiations. The synchronous significant decline in crude oil and aromatics futures has led to reduced costs and bearish futures market performance, creating dual pressures. Prices have notably retreated, erasing previous gains. Overall market sentiment remains weak throughout the day, reflecting significant bearish factors. Toluene, Bull-Bear Score: -2 The spot price of toluene has been significantly impacted by the sharp decline in crude oil and aromatics futures, leading to a synchronous notable retreat. The combined effects of reduced costs and bearish futures market performance have resulted in weak market sentiment, causing prices to erase previous gains. This scenario constitutes a significant bearish impact on the toluene spot market.