On May 13, the mainstream quotation range for toluene in the Shandong region was RMB 6,930-6,980/ton, up by RMB 50/ton from the previous trading day. During the previous trading session, the toluene and xylene markets experienced narrow-range fluctuations. Overnight, international crude oil prices rose sharply, providing a strong boost to the spot market and significantly strengthening the willingness to hold prices. Meanwhile, steady export demand and favorable profitability for some downstream sectors further improved the trading atmosphere. According to Chempricehub's assessment of toluene, the bullish-bearish score stands at 1: On the spot side, toluene quotations in Shandong increased by RMB 50/ton compared to the previous trading day, with the mainstream trading range at RMB 6,930-6,980/ton. On the cost side, support came from the overnight surge in international crude oil prices. Additionally, steady export demand and good downstream profitability reinforced the price support sentiment, leading to a warmer trading atmosphere, which generally benefited toluene prices. For xylene, the bullish-bearish score is 0.5: On the cost side, driven by the overnight rise in international crude oil, the overall support for the aromatics sector strengthened. In the previous trading session, the xylene market fluctuated within a narrow range. At present, the rebound in trading activity for related products is providing a modest positive impetus to xylene prices.
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