Short-Term Bearish Outlook for the East China Toluene Market

Chempricehub, October 21 Report:

The mainstream spot price range for toluene in East China was reported at RMB 8,920–8,950 per ton. On the previous trading day, both toluene and xylene exhibited volatile upward trends, driven by rising crude oil and aromatic prices; however, downstream demand remained weak. Overnight, both crude oil and aromatics futures declined, dampening market sentiment. Although tight domestic supply provided some support, procurement from downstream sectors continued to be sluggish. Consequently, the spot market is expected to maintain a downward trend in the short term.