Chempricehub, November 5 Report
On November 5, Sinopec South China lowered its posted price for xylene by CNY 300 per tonne to CNY 8,850 per tonne. In the previous trading session, toluene and xylene exhibited high-level volatility. Crude oil closed sharply higher, while aromatic futures remained firm overnight, though market signals were limited. Tight domestic spot supply supported prices, but weak downstream profitability and limited buying interest resulted in a stalemate between bullish and bearish forces. Market participants continue to monitor developments regarding US-Iran tensions.
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