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In the mainstream market, domestic toluene prices closed with narrow fluctuations yesterday, showing slight variations across different regions. In Jiangsu, discussions edged higher, supported by a rise in xylene prices. Meanwhile, in South China and Shandong, demand softened, leading to a slight decline in negotiations.
Key Factors Influencing Current Price Changes:
Supply: Limited spot supply provided some support to the market.
Demand: Demand from the oil blending sector was average, while chemical plants primarily engaged in routine, necessity-based purchases.
Market Sentiment: Although crude oil futures closed lower, stronger early trading provided some psychological support to market participants.
Trend Forecast:
Market observers anticipate domestic toluene prices to stabilize with a potential weak bias in today’s trading session. This outlook is attributed to increased caution following the drop in crude oil prices, coupled with sluggish downstream demand. A market sentiment survey reveals that 45% of industry participants forecast a price decrease of 10-20 RMB/ton today, while 35% expect prices to hold steady.
Post time: Jan-08-2026