March 12th — The mainstream spot quotation range for toluene in East China is 7,700–7,800 RMB/ton. Yesterday, toluene and xylene prices experienced narrow fluctuations. Overnight, driven by the rise in crude oil and a sharp surge in aromatics during the night session, spot market prices followed the upward trend at today's opening. Holders showed strong reluctance to sell, and market sentiment was dominated by wait-and-see, resulting in sluggish trading. Currently, the international situation remains uncertain, coupled with tight domestic supply, and spot market volatility is expected to persist in the near term, with bullish sentiment heating up again.
Chempricehub Analysis:
Toluene, Bull-Bear Score: 1.5
The article analysis indicates that overnight gains in crude oil and the surge in aromatics during the night session drove spot toluene prices higher. Holders' reluctance to sell has strengthened, and tight domestic supply further supports the upward price movement. Bullish sentiment is intensifying, and spot prices are expected to remain volatile with a stronger bias in the near term, dominated by positive factors.
Xylene, Bull-Bear Score: 1.5
Driven by rising crude oil and the aromatics market, spot xylene prices followed the upward trend after narrow fluctuations. Holders' reluctance to sell and tight supply have heightened market caution. While the international situation remains unclear, supply-side support is evident, and bullish expectations are strengthening. Spot prices are expected to maintain an upward trend in the short term.