February 3 — The mainstream spot quotation range for toluene in East China is 5,450–5,470 yuan/ton, down 80 yuan/ton from the previous trading day. Domestic toluene and xylene fell sharply in the previous trading day and showed weak fluctuations during the day; aromatics continued to decline overnight but with a narrowing range. Close attention should be paid to crude oil guidance, while monitoring technical adjustments and sentiment shifts. Before the holiday, refineries are under pressure to destock, traders are cautious in holding positions, and buying interest is weak. Weak consolidation is expected during the day. Chempricehub Analysis Toluene, Bull-Bear Score: -1.5 The article indicates that spot quotations for toluene in East China fell by 80 yuan/ton to 5,450–5,470 yuan/ton. After a sharp decline in the previous trading day, the market showed weak fluctuations during the day, with a continued but narrowing decline overnight. Before the holiday, refineries face significant destocking pressure, traders are cautious in holding positions, and buying interest is weak. Coupled with uncertainty in crude oil guidance, market sentiment is pessimistic, and short-term weak consolidation is expected. This reflects oversupply and insufficient demand, posing significant bearish pressure on spot prices. However, the narrowing decline suggests conditions are not extremely deteriorating, hence the score of -1.5 (moderately bearish). Xylene, Bull-Bear Score: -1.5 The article mentions that domestic xylene fell sharply in the previous trading day, showing weak linkage with toluene and fluctuating weakly during the day. The market is influenced by pre-holiday refinery destocking, cautious trader positioning, and weak buying interest. Close attention should be paid to crude oil guidance and sentiment shifts. This indicates increasing spot supply pressure and weak demand for xylene, with short-term price pressure. Although no specific quotation data is provided, the overall downward trend in the aromatics market is consistent, posing clear bearish pressure on spot prices. However, the decline has not expanded to extreme levels, hence the score of -1.5 (moderately bearish).