Toluene Market Trading Situation in East China on February 5th

The mainstream spot quotation range for toluene in East China is 5,500-5,520 yuan/ton, up 50 yuan/ton compared with the previous trading day. Overnight crude oil continued to rise, while aromatics showed relatively stable performance in the night session. In the previous trading day, domestic toluene and xylene prices exhibited a narrow rebound. Currently, domestic toluene and xylene inventories are at low levels, with no significant pressure on the supply side. The focus for the day will be on the overall sentiment in the aromatics market and the pace of downstream restocking before the Spring Festival. If downstream restocking demand strengthens, prices are expected to continue their narrow upward trend.