In East China, the mainstream spot quotation range for xylene is 5700-5750 yuan/ton, up 10 yuan/ton from the previous trading day. Overnight crude oil continued to rise, while the aromatics night session remained relatively stable. In the previous trading day, domestic toluene and xylene prices showed a slight rebound. Currently, domestic toluene and xylene inventories are at low levels, with no significant pressure on the supply side. The focus for the day is on the overall sentiment in the aromatics market and the pace of downstream restocking before the Spring Festival. If downstream restocking willingness strengthens, prices are expected to continue rising modestly.
PriceSeek Analysis:
Xylene, Bull-Bear Score: 1
The article notes that the spot quotation for xylene in East China increased by 10 yuan/ton to 5700-5750 yuan/ton. With low inventory levels and no significant supply pressure, coupled with support from overnight crude oil price increases, downstream restocking willingness may strengthen, and prices are expected to continue rising modestly. Therefore, the impact on spot prices is moderately positive.
Toluene, Bull-Bear Score: 1
The article mentions that toluene prices showed a slight rebound, with low inventory levels and no supply pressure. Driven by the overall sentiment in the aromatics market and rising crude oil prices, downstream restocking before the Spring Festival may boost demand, and prices are expected to rise. Therefore, the impact on spot prices is moderately positive.
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