On May 7th, the mainstream quotation for toluene in the South China market stood at 7,200-7,300 RMB/mt today, down 200 RMB/mt from the previous trading day. Sinopec South China Company lowered its listed toluene price by 200 RMB/mt, currently at 7,400 RMB/mt. Following the holiday, the market was impacted by a sharp drop in crude oil prices and the progress of U.S.-Iran negotiations, leading to a bearish sentiment dominating the spot market and a downward price trend. Downstream demand remains weak, with the market exhibiting strong wait-and-see sentiment and sluggish trading activity.

Chempricehub’s assessment of toluene: Bullish-Bearish Score: -1

In terms of spot trading, the mainstream toluene price in South China today is 7,200-7,300 RMB/mt, a decrease of 200 RMB/mt from the previous trading day. Sinopec South China Company also lowered its listed toluene price by 200 RMB/mt to 7,400 RMB/mt. Influenced by the sharp decline in crude oil and the progress of U.S.-Iran negotiations, the current spot market is dominated by bearish sentiment. Coupled with weak downstream demand, the market remains highly cautious with thin trading activity. Short-term downward pressure on toluene prices persists, posing a generally bearish impact on toluene pricing.