Sinopec North China raised its toluene offer by 100 yuan/ton on January 28: Tianjin Petrochemical offered 5,400 yuan/ton, Shijiazhuang Refinery offered 5,400 yuan/ton, and Yanshan Petrochemical offered 5,250 yuan/ton. Currently, the plants are operating normally with stable production, and most of the products are for internal use, resulting in balanced production and sales. Chempricehub's toluene analysis shows a long-short score of 1.5. Sinopec North China increased its toluene offer by 100 yuan/ton, with Tianjin Petrochemical and Shijiazhuang Refinery offering 5,400 yuan/ton, and Yanshan Petrochemical offering 5,250 yuan/ton. The price hike indicates tightening market supply or strengthening demand. While the plants are operating normally and production remains stable, the fact that most products are for internal use suggests reduced external supply, further supporting the rise in spot prices. Balanced production and sales reflect market stability with no negative factors, significantly benefiting the spot price of toluene.