April 28 News – The mainstream quotation range for xylene in South China is between 7,200-7,500 RMB/ton, up 100 RMB/ton from the previous trading day. With the partial restoration of refined oil export quotas and favorable export arbitrage margins, the overall domestic supply of goods remains tight, providing strong support for the market. International crude oil prices have been steadily climbing, offering solid cost support while significantly boosting trading confidence in the market. Driven by multiple positive factors, toluene and xylene prices moved upward with fluctuations in the previous trading day. The short-term market sentiment is relatively strong, and it is expected that prices will continue to rise in a fluctuating pattern going forward.
Chempricehub commentary on mixed xylene, long-short rating: 1.5. The article indicates that the mainstream quotation range for mixed xylene in South China is 7,200-7,500 RMB/ton, up 100 RMB/ton from the previous trading day. The partial recovery of refined oil export quotas and favorable export arbitrage margins have led to tight overall domestic supply. The steady rise in international crude oil prices provides solid cost support, significantly boosting market trading confidence. Multiple positive factors have driven prices upward with fluctuations, and it is anticipated that prices will continue to rise in a fluctuating pattern. These factors provide notable support for spot mixed xylene prices, with a rating of +1.5, indicating a moderately positive outlook, primarily driven by sustained supply tightness and rising costs.
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