The mainstream quoted price range for toluene in the Shandong region is 7,200–7,250 CNY/ton, up 100 CNY/ton from the previous trading day. Toluene and xylene markets have moved upward, with tight spot supply and robust downstream demand providing solid support for spot cargoes. Crude oil gains have narrowed, and the aromatics market lacks further upward momentum on the board. In the short term, the market is expected to remain rangebound at elevated levels, with consolidation and digestion of gains as the dominant theme.
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