March 11th — The mainstream quotation range for toluene in the Shandong region is 6,800–6,900 yuan/ton, with prices down by 700–800 yuan/ton compared to the previous trading day. The ex-factory prices of mainstream local refineries in the province have been adjusted downward to 6,800–7,000 yuan/ton, and market trading sentiment remains subdued. Overnight, crude oil and aromatics futures both experienced significant declines, creating dual bearish pressures from cost and futures markets. As a result, toluene and xylene prices fell notably, erasing previous gains. Market sentiment remained generally weak throughout the day. Chempricehub Analysis Toluene, Bull-Bear Score: -2 Spot prices of toluene in the Shandong region dropped significantly by 700–800 yuan/ton to 6,800–6,900 yuan/ton, with subdued market trading sentiment and overall weak sentiment. Overnight, crude oil and aromatics futures both experienced sharp declines, creating dual bearish pressures from cost and futures markets, leading to a notable price drop and the erosion of previous gains. The spot market is facing an imbalance between supply and demand, with ex-factory prices of local refineries adjusted downward to 6,800–7,000 yuan/ton, further reinforcing bearish expectations. Prices are under clear pressure in the short term. Xylene, Bull-Bear Score: -2 The article mentions that xylene prices also fell significantly, influenced by the sharp declines in overnight crude oil and aromatics futures. Weakening cost support and pessimistic market sentiment have created dual bearish pressures. Prices have erased previous gains, and combined with the overall weak performance of aromatics, spot market sentiment remains subdued. Weak demand has intensified downward price pressure, with bearish factors dominating market trends in the short term.