In the Shandong region, the mainstream morning quotation range for toluene is 5,550-5,650 yuan/ton, with prices rising by 50 yuan/ton compared to the previous trading day. Quotations from major refineries in the province have generally seen slight increases. Trading activity in the spot market remains favorable, with downstream users restocking as needed. Recent inquiries have been relatively active, and refinery inventories are operating at relatively low levels, providing a slight boost to the spot market.
PriceSeek Analysis of Toluene, Bull-Bear Score: 1.5
The mainstream quotation range for toluene in the Shandong spot market has increased by 50 yuan/ton to 5,550-5,650 yuan/ton. Refinery quotations have generally seen slight increases, and spot trading activity is active. Downstream users' willingness to restock as needed has strengthened, with recent inquiries remaining favorable. Refinery inventories are operating at low levels, providing strong support and boosting market sentiment, which is favorable for the upward trend in spot prices. This indicates some improvement on the demand side, while the tight supply situation persists. It is expected that spot prices will continue to rise moderately in the short term.
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