January 28th News: The mainstream quotation range for toluene in the South China market today is 5,500–5,680 yuan/ton, up 70 yuan/ton from the previous trading day. Sinopec South China's toluene listed prices: Guangzhou Petrochemical at 5,500 yuan/ton, Maoming Petrochemical at 5,500 yuan/ton, and Zhongke Refining & Chemical at 5,500 yuan/ton. A significant rise in crude oil prices has boosted market sentiment. In early trading today, market quotations generally moved upward, with suppliers actively supporting prices and buyers showing increased willingness to follow up. It is expected that prices will fluctuate and rise during the day, with a short-term trend leaning toward strength.
Chempricehub's analysis of toluene, with a bullish-bearish score of 2: The significant rise in crude oil prices has notably boosted market sentiment. Suppliers are actively supporting prices, and buyers' willingness to follow up has increased, driving the spot price of toluene up by 70 yuan/ton. It is expected that prices will fluctuate and rise during the day, with a short-term trend leaning toward strength. This indicates an improvement in the market supply-demand structure, strong external crude oil support, and a significant positive impact on spot prices.