On September 10, Sinopec South China Company’s xylene listed price was set at RMB 8,800/mt. Recently, toluene and xylene prices have risen sharply, with the market trending firm. Rising crude oil prices, combined with gains in aromatics futures, have kept overall market sentiment bullish; tight supply has once again boosted market confidence. However, downstream buyers continue to purchase on an as-needed basis, and lacking demand support, further upside is expected to face considerable resistance today.
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