The mainstream quotation range for toluene in the South China market today is 5,500-5,650 yuan/ton, an increase of 50 yuan/ton compared to the previous trading day. The listed prices of toluene from Sinopec South China Company are as follows: Guangzhou Petrochemical at 5,600 yuan/ton, Maoming Petrochemical at 5,600 yuan/ton, and Zhongke Refining & Chemical at 5,600 yuan/ton. Domestic toluene and xylene prices have weakened slightly and may continue to fluctuate downward during the day. Coupled with the deepening decline in crude oil prices, market sentiment is bearish. Although current inventory levels are low, the increase in supply from refinery destocking before the Spring Festival will put pressure on short-term prices, leading to a trend of fluctuating weakness.
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