On July 6, Sinopec South China Company implemented a listed price of 6,100 yuan/ton for xylene. Both toluene and xylene spot prices edged up slightly, maintaining a narrow consolidation pattern overall. Overnight crude oil closed higher, and the aromatics night session showed a firm performance, providing some cost-side support to the market and slightly improving market sentiment. However, domestic end-user demand remained subdued, with sectors such as coatings and oil blending primarily purchasing on an as-needed basis, resulting in insufficient trading activity. The supply side remained relatively ample, and inventory pressure persisted, limiting upside potential. In the short term, toluene and xylene are expected to continue trading within a range-bound pattern.
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