In the Shandong region, the mainstream price range for xylene is 5,550-5,580 RMB/ton, unchanged from the previous trading day. On the previous trading day, domestic toluene and xylene prices experienced varying degrees of decline. The aromatics market continued its weak trend during the overnight session, coupled with the ongoing reduction in downstream spot replenishment gaps ahead of the Spring Festival. Market buying interest is expected to remain weak during the day. Although refinery inventories are mostly at low levels, there is no expectation of a further deepening in the short-term structural supply-demand imbalance. Considering the overall weak market sentiment, it is anticipated that the bid prices for toluene and xylene will continue to experience slight downward pressure during the day.

PriceSeek Analysis: Mixed Xylene, Bull-Bear Score: -1
The article notes that mixed xylene prices in the Shandong region remained unchanged, but prices declined on the previous trading day. The aromatics market continued its weak trend during the overnight session, and with the reduction in downstream spot replenishment gaps ahead of the Spring Festival, market buying interest is expected to remain weak. Although refinery inventories are at low levels, the structural supply-demand imbalance has not deepened. Given the overall weak market sentiment, it is anticipated that prices will continue to experience slight downward pressure during the day. This reflects weak demand and supply pressure, forming a generally bearish impact on spot prices and potentially leading to further price declines.

Toluene, Bull-Bear Score: -1
The article mentions that domestic toluene prices declined on the previous trading day. Similar to xylene, toluene is affected by the weak aromatics market and reduced downstream replenishment ahead of the Spring Festival, with market buying interest expected to remain weak. Although refinery inventories are low, the supply-demand imbalance has not intensified. Considering the overall weak market sentiment, it is anticipated that bid prices will experience slight downward pressure during the day. This indicates a contraction in demand and negative overall market sentiment, posing a generally bearish pressure on spot prices and potentially triggering a downward price trend.