Chempricehub, June 24
In the East China region, mainstream spot toluene offers are quoted in the range of 6,370–6,390 RMB/ton, down 50 RMB/ton from the previous trading day. The domestic toluene and xylene markets continue to show a weak consolidation pattern. Overnight, crude oil and bulk aromatics continued to decline in the night trading session, resulting in weak cost-side support. Market buying sentiment remained cautious, with downstream players largely maintaining demand-based procurement and overall trading activity staying low. However, some support remains from end-month carrying costs, while production maintenance at certain plants and manageable port inventory levels help limit the downside potential. Under the dominance of bearish factors, toluene and xylene prices are likely to maintain a weak consolidation trend in the short term.