On August 12, Sinopec South China Company raised its listed xylene price by RMB 100/ton, effective immediately.

On August 12, Sinopec South China Company raised its listed xylene price by RMB 100/mt to RMB 6,950/mt. Toluene and xylene prices fluctuated upward yesterday, while overnight crude oil and overseas aromatics markets saw narrowed fluctuations, resulting in weak cost support. Downstream buyers are purchasing on an as-needed basis with limited appetite for chasing price gains. Today, the market is expected to consolidate within a narrow range to absorb the increases. Continued attention should be paid to Middle East geopolitical developments and overseas aromatics market trends.