After the holiday, Shandong refineries, unaffected by pre-holiday inventory clearance and some shutdown news, have seen a rise in toluene and xylene prices due to restocking after the holiday. Sinopec and others have raised prices, reducing the availability of low-cost refinery resources. The market in the East China region remains relatively stable, similar to pre-holiday levels.
It is expected that next week, as the market gradually returns to normal and refineries continue to be constrained by costs, the overall operation will remain relatively stable with limited changes in fundamentals. Attention should be paid to external news and the impact of related policies, and operations should be conducted with caution.
