April 30 News – On April 30, Sinopec South China Company’s listed price for xylene was set at 7,700 RMB/ton. Approaching the May Day holiday, downstream stock-up for toluene and xylene has largely concluded. Combined with uncertainties surrounding post-holiday crude oil trends and the geopolitical situation in the Middle East, the market shows weak appetite for high-priced cargoes, leading to a strong wait-and-see sentiment and subdued trading activity. Both markets opened higher but then pulled back earlier. Although crude oil’s rally pushed up price expectations, intraday upward movement remained limited. According to Chempricehub’s assessment of mixed xylene, the bull/bear score is -1. The article indicates that downstream stock-up for xylene before the holiday has ended, the market lacks the capacity to absorb high-priced supplies, and overall sentiment is cautious with limited trading activity. Although the rise in crude oil has raised expectations for higher quotes, intraday upside remains constrained. Moreover, the post-holiday crude oil trend and the high uncertainty of the Middle East geopolitical situation, combined with weak demand, exert generally bearish pressure on spot prices.