May 8th News
The toluene market in South China saw its mainstream quotation range at 7,000–7,050 RMB/ton today, a decrease of 200 RMB/ton compared with the previous trading day. Sinopec South China Company lowered its toluene ex-plant price by 350 RMB/ton to 7,050 RMB/ton. Overnight crude oil prices edged lower, creating a bearish atmosphere in the market. With Sinopec's ex-plant price cut, spot market quotations generally followed the downtrend. Overall, although the market remains weak, the spot market is trending lower today.

Chempricehub Toluene Assessment – Bull-Bear Score: -1
On the spot side, the mainstream quotation range for toluene in the South China market stood at 7,000–7,050 RMB/ton, down 200 RMB/ton from the previous trading day. Sinopec South China lowered its toluene ex-plant price by 350 RMB/ton to 7,050 RMB/ton. Combined with a slight decline in overnight crude oil prices, the trading atmosphere turned bearish. Spot market quotes generally followed the downward move, leading to a broadly weak market performance, which exerts a generally negative impact on toluene prices.