Shandong toluene prices rise; bargain-priced supply offers room for a rebound

Shandong, Nov. 12 (ChemPriceHub) — Mainstream spot prices for toluene in Shandong stood at RMB 6,980–7,000 per metric ton, marking a day-on-day increase of RMB 30 per metric ton. Overnight, the aromatics futures market traded firm but with limited gains. Low inventory levels, coupled with opportunistic restocking by downstream consumers, provided support to prices. Market participants will continue to monitor crude oil trends as a key driver; given current low price levels, there remains potential for further rebound.