In East China, the mainstream spot quotation range for toluene is 5,490–5,550 RMB/ton, up by 80 RMB/ton compared to the previous trading day. In the previous session, toluene and xylene markets continued to strengthen, supported by rising crude oil prices, with industry participants showing strong price support intentions during the day. The weakening of PX futures during the night session limited the upward movement of mixed xylene, while strong benzene drove toluene. During the day, the aromatics market experienced strong fluctuations, with volatility expected to narrow.

PriceSeek Analysis

Toluene
Bull-Bear Score: 1.5
Spot quotations increased by 80 RMB/ton to 5,490–5,550 RMB/ton, indicating a significant price strengthening. Rising crude oil prices supported the market, and industry participants showed strong price support intentions. The strong benzene market further boosted toluene demand. Overall, positive factors dominate, and spot prices are expected to continue their upward trend in the short term.

Xylene
Bull-Bear Score: 0.5
The market is generally strong, but the weakening of PX futures during the night session limited its upward movement, restricting gains. Rising crude oil prices provided support, but volatility in the aromatics market is expected to narrow. Spot prices may rise slightly, but momentum is insufficient, indicating a neutral to slightly positive outlook.

PX
Bull-Bear Score: -1
The weakening during the night session limited the upward movement of xylene, signaling short-term bearishness. Combined with futures data, the main contract, such as 2610, closed at 7,388 RMB/ton, down 56.00 RMB, with low trading volume, reflecting bearish sentiment in the market. Futures prices may face downward pressure, affecting spot market expectations.

Benzene
Bull-Bear Score: 1.5
The strong market boosted toluene demand, with significant positive effects. Futures data show that the main contract, such as 2603, closed at 6,161 RMB/ton, up 64 RMB, with active trading volume. Changes in open interest indicate increased confidence among bullish investors. The upward trend in futures prices is clear, supporting the strengthening of the spot market, and positive momentum is expected to continue in the short term.