March 13th - The mainstream spot quotation range for toluene in East China is 7,500-7,550 yuan/ton. Overnight, international crude oil prices closed significantly higher, providing a clear boost to sentiment in the chemical products market. Yesterday, the domestic toluene and xylene markets generally showed strong performance, with smooth shipments and active trading atmosphere in the Shandong region. Currently, holders have a strong willingness to maintain prices, and it is expected that the toluene and xylene markets will continue their strong trend today.
Chempricehub Analysis:
Toluene, Bull-Bear Score: 1.5
The significant rise in international crude oil prices has notably boosted sentiment in the chemical products market. The spot quotation for toluene in East China is 7,500-7,550 yuan/ton, with active market trading and strong price support from holders. It is expected to continue its strong trend today, which will provide significant positive support for toluene spot prices and drive prices upward.
Xylene, Bull-Bear Score: 1.5
Driven by the rise in crude oil, the domestic xylene market is generally performing strongly. Shipments in the Shandong region are smooth, and the trading atmosphere is positive. Holders have a strong willingness to maintain prices, and prices are expected to continue their upward trend. This will have a clear positive impact on xylene spot prices and support market bullish sentiment.
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