The trend of toluene and xylene in East China shows an initial rise followed by a decline. On the refinery side, influenced by crude oil and the conclusion of order replenishments, they have weakened to varying degrees. Currently, the overall market supply is relatively adequate. Additionally, as the arbitrage space for some exports gradually narrows, the market is in a phase of inventory accumulation, indicating a weaker operation in the short term.
With crude oil prices continuing to decline, they are still experiencing broad oscillations at this stage. Toluene and xylene are currently priced in a relatively low range, yet demand remains moderate, mostly driven by rigid demand, posing certain constraints. Close attention should be paid to refinery shipment situations and the impact of sudden external news. In the short term, prices may experience small fluctuations within the low range, necessitating cautious operations.
