On November 10, Sinopec South China lowered its posted price for toluene by RMB 300 per ton to RMB 7,850 per ton. Amid the recent sharp decline in crude oil prices and prevailing bearish market sentiment, major refiners have reduced their ex-factory prices. However, as feedstock costs fall, downstream margins have improved, strengthening restocking demand. Currently, trading activity in the spot market remains relatively active.
Comments
0