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Chempricehub Key Reminder: Spot Xylene Prices in East China Rise, Supported by Crude Oil Gains
Published on 2026-03-06
March 6 — The mainstream spot quotation for xylene in the East China market ranges from 6,450 to 6,480 yuan per ton, an increase of 150 yuan per ton compared to the previous trading day. International crude oil closed significantly higher, with a slight retreat from the intraday high compared to the overnight session. Close attention should be paid to the guidance of the Iranian situation and news related to the Strait of Hormuz on domestic bulk commodities. Currently, the supply of toluene and xylene is tight, with overall strength in upstream and downstream products, providing good market support. Chempricehub's analysis of mixed xylene: Bull-bear score: 1.5 The article indicates that the spot quotation for mixed xylene in East China increased by 150 yuan per ton to 6,450–6,480 yuan per ton. Tight supply and strong market support are favorable for spot prices. The significant rise in international crude oil provides cost support. PX futures (a xylene-related product) data show that the settlement price of the main contract, such as 2605, reached 8,330 yuan per ton, an increase of 276 yuan, with rising open interest reflecting bullish sentiment in the futures market. However, attention should be paid to potential volatility from the Iranian situation and risks in the Strait of Hormuz. Overall, the bullish factors are strong. Toluene, Bull-bear score: 1 The article mentions tight supply of toluene, overall strength in upstream and downstream products, and good market support, which are favorable for spot prices. The rise in international crude oil indirectly increases costs, but there is no direct futures data to support this, relying solely on spot market fundamentals. Overall, it is moderately bullish.