Chempricehub | June 3
In East China's toluene market, the mainstream spot price range is RMB 6,880–6,950/ton, up RMB 20/ton from the previous trading day. Crude oil's strength has boosted PX futures, coupled with low PX operating rates and expectations of further declines, providing feedstock support to toluene and xylene. However, downstream demand remains weak in the solvent and blending sectors, while the nearing closure of toluene export arbitrage weighs on buying interest. Amidst long-short tug-of-war, price movements are limited, and the market is expected to move sideways in the near term.