On April 27th, the mainstream quotation for toluene in the South China market today ranged from 7,000 to 7,400 yuan/ton, up 150 yuan/ton from the previous trading day. Over the weekend, toluene and xylene quotations from Shandong refineries steadily rose. The supply pressure at Jiangsu port was moderate, and market sellers showed a strong willingness to hold firm offers. With the approach of the May Day holiday, downstream industries exhibited a certain need for replenishment. Export arbitrage opportunities remained ample, and the price differential between the US dollar-denominated market and domestic trade was significant. Multiple positive factors consistently provided strong support for domestic trade prices. The spot market generally saw an increase today.

Chempricehub evaluated toluene with a bullish-bearish score of 2. The article reported that the mainstream quotation for toluene in the South China market increased by 150 yuan/ton to 7,000-7,400 yuan/ton. Positive factors such as moderate supply pressure, strong market sentiment to hold firm offers, increased downstream replenishment demand ahead of the May Day holiday, ample export arbitrage opportunities, and a notable price gap between US dollar-denominated and domestic markets collectively supported a broad rise in spot prices. These factors indicate a relatively tight supply-demand balance in the spot market, suggesting that prices are expected to continue strengthening in the short term, with a significant positive impact.

Xylene was assessed with a bullish-bearish score of 1.5. The article mentioned that xylene quotations from Shandong refineries steadily increased, driven by similar positive factors such as moderate supply and downstream demand support, leading to an upward trend in spot prices. Although the information provided was less detailed compared to toluene, the overall market environment—including export arbitrage and demand stimulation—offered general positive support for spot prices, with prices expected to rise moderately.