May 8 News – On May 8, Sinopec South China reduced its toluene listed price by RMB 350 per ton, to RMB 7,050 per ton. Crude oil edged lower overnight, and market sentiment remains bearish. Toluene and xylene had already fallen sharply for two consecutive days earlier. Current prices are at relatively low levels, and export arbitrage margins remain ample. Despite overall weakness in the market, spot prices are expected to trend lower today.

Chempricehub Analysis of Toluene – Bull/Bear Score: -1
On May 8, Sinopec South China cut its toluene listed price by RMB 350/ton to RMB 7,050/ton. On the cost side, crude oil closed slightly lower overnight, and bearish sentiment prevailed in the market. Although toluene had already dropped significantly for two consecutive days earlier, and current prices are relatively low with ample export arbitrage margins providing some support, the overall market remains weak. Spot prices are expected to continue their downward trend.

Xylene – Bull/Bear Score: -1
The article notes that xylene had also fallen sharply for two consecutive days earlier. Under the influence of declining crude oil and the transmission of bearish market sentiment, the overall trend for xylene follows the market's weakness. Spot prices are expected to face pressure, though some support may exist at lower levels.