On July 1, Sinopec South China Company's toluene ex-factory price was implemented at 6,150 yuan per tonne. Today, the toluene and xylene market experienced narrow-range fluctuations. Overnight crude oil prices fell, resulting in weak cost support and sluggish downstream demand, which constrained upward movement. However, market inventories remain low, and spot prices are at year-to-date lows, limiting further downside. In the short term, the market is likely to maintain a range-bound consolidation trend.
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