May 9 News – On May 9, Sinopec South China Company's listed price for xylene is 7,250 yuan/ton. The escalating geopolitical conflict in the Middle East has slowed the decline in crude oil prices, while the external market has slightly warmed. After a continued decline in the prices of toluene and xylene, current levels are relatively low, stimulating downstream players and traders to replenish stocks at lower prices. It is expected that the market will stabilize and fluctuate within the day. Chempricehub reviews mixed xylene, Bullish-Bearish Score: 1. On the spot front, Sinopec South China's listed price is 7,250 yuan/ton. Given that prices have fallen to low levels, combined with the slowdown in crude oil price decline due to intensified Middle East conflicts and support from external market recovery, downstream players and traders have released demand for bargain replenishment. It is expected that the market will stop falling and stabilize with fluctuations within the day, forming a generally positive impact on prices. Toluene, Bullish-Bearish Score: 1. Toluene prices have also fallen to low levels previously. Benefiting from strengthened support from crude oil and boosted by downstream bargain replenishment demand, it has the momentum to stabilize and halt the decline, forming a generally positive impact on prices.
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