In the Shandong region, the early morning mainstream quotation range for toluene is between 4,950 and 5,000 yuan per ton, with prices remaining unchanged compared to the previous trading day. Quotations from major refineries in the province are generally stable for the time being. Trading activity in the spot market is relatively favorable, with downstream users replenishing inventory based on demand. Market negotiation sentiment is moderate, maintaining a range-bound fluctuation trend.