On October 22, Sinopec South China set the posted price for xylene at RMB 9,200/ton. During the previous trading session, toluene and xylene prices exhibited narrow-range fluctuations, while international crude oil prices experienced wide-ranging volatility. Tight domestic supply of both aromatics provided support to spot prices. Overnight, the futures market for aromatics saw increased disruptions and lacked supportive factors. Downstream buyers engaged in essential procurement only, resulting in mediocre overall trading activity. The market is expected to continue oscillating at elevated levels.
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