In the Shandong region, the mainstream morning quotation range for toluene is between 5,180 and 5,200 yuan/ton, representing an increase of 50 yuan/ton compared to the previous trading day. Quotations from major refineries in the province have generally seen a slight upward adjustment. Trading activity in the spot market remains relatively active, with downstream users restocking based on demand. Currently, overall manufacturer inventories are operating at relatively low levels.