February 3rd News: Sinopec South China Company has reduced the initial listed price of xylene by 100 yuan/ton at the beginning of February: Guangzhou Petrochemical's isomer is priced at 5,900 yuan/ton, Maoming Petrochemical's isomer is priced at 5,900 yuan/ton, and Sinopec-Zhanjiang Refining & Chemical's isomer is priced at 5,900 yuan/ton. Chempricehub's analysis of mixed xylene, with a long-short score of -1: Sinopec South China Company's reduction of the initial listed price of xylene by 100 yuan/ton to 5,900 yuan/ton reflects ample market supply or weak demand, exerting direct downward pressure on spot prices. This price adjustment may intensify market bearish sentiment, leading to short-term downward pressure on spot prices. Considering the overall weak trend in the current chemical product market, spot prices are expected to continue consolidating at lower levels.