The mainstream quoted price range for toluene in the Shandong region is 7,150-7,200 RMB/ton, down 100 RMB/ton from the previous trading day. In the previous trading session, toluene and xylene prices declined, while crude oil saw a relatively small drop overnight, resulting in a cautious market sentiment. The spot market supply remains relatively tight, which continues to provide some support. It is expected that the spot market will mainly fluctuate within a narrow range today.
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