March 3rd News The mainstream spot quotation range for toluene in East China is 5,700–5,750 yuan/ton, up from the previous trading day. Crude oil prices surged significantly, and toluene and xylene continued their strong performance, having risen sharply in the previous trading day. Prices are expected to remain firm with fluctuations during the day. The situation in Iran has significantly impacted commodity prices and market sentiment, while tight supply fundamentals support prices. However, after the sharp increase, traders and downstream buyers have become more cautious in procurement. Short-term focus should be on changes in buying interest, with the market maintaining high and firm operations.