On July 1, Sinopec South China's listed price for xylene was 6,250 yuan/ton. Today, the toluene and xylene market experienced narrow fluctuations. Overnight crude oil declined, weakening cost support, while downstream demand remained sluggish, limiting upward momentum. Fortunately, market inventory was low, and spot prices were at yearly lows, leaving limited room for further declines. In the short term, the market is expected to maintain a range-bound and consolidating trend.
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