On October 22, Sinopec South China Company set the posted price for toluene at RMB 8,900 per ton. In the previous trading session, toluene and xylene prices fluctuated within a narrow range, while international crude oil experienced significant volatility. Domestic supply of BTX (benzene, toluene, and xylene) remained tight, providing support for spot prices. Overnight, increased disturbances in the aromatics futures market weakened support levels. Downstream consumers maintained purchasing based on essential demand, resulting in moderate overall trading activity. The market is expected to continue oscillating at elevated levels.
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