April 20th - The mainstream quotation range for toluene in the Shandong region is between 6,750 and 6,800 yuan per ton, with prices down by 100 yuan per ton compared to the previous trading day. After a sharp decline, international crude oil prices have seen a slight rebound, providing limited support to domestic chemical products. Following significant declines in toluene and xylene prices earlier, coupled with a drop in weekend sales prices at Shandong local refineries, the spot market in East China is under pressure and weakening today. Currently, the price difference between PX and MX has widened, creating opportunities for toluene export arbitrage. Overall, the aromatics market is expected to remain weak in the short term.
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