Crude oil pulled back, aromatics weakened, toluene and xylene traded in a bearish range-bound manner.

Chempricehub, August 5th -
In the East China region, the mainstream spot quotation range for toluene is 6670-6800 RMB/ton. International crude oil has declined sharply, coupled with short-term easing of geopolitical tensions, leading to a bearish market sentiment. Overnight, pure benzene and PX moved lower, and the overall trading atmosphere in the market has turned cautious. Affected by the weakening of the aromatics industrial chain, the toluene and xylene markets are expected to show a weak fluctuating trend today. Going forward, close attention should still be paid to oil price trends and guidance from aromatics futures prices.