Last week, tensions in the Middle East remained high, leading to continued significant volatility in crude oil prices. Shipments of toluene and xylene arrived at ports towards the end of the month, increasing port inventories. Based on costs, the market conditions remained stable. In Shandong, refinery market prices surged but subsequently fell back, with refineries mainly fulfilling earlier orders, and overall market transactions were moderate.
This week, the market continues to be influenced by the situation in the Middle East, prompting cautious waiting on the sidelines and purchases based on demand. The market is in a stalemate, and close attention needs to be paid to international news, especially the impact of the U.S. presidential election on the market.
