The mainstream spot toluene price in East China is quoted in the range of 6,000–6,010 RMB/ton, flat from the previous trading day. Yesterday, toluene and xylene prices continued to decline, with xylene experiencing a more significant drop, leading to an overall bearish market sentiment. Overnight crude oil edged higher, coupled with a strong performance of PX in the night session, which provided some support to market sentiment. As a result, the spot market stabilized today. On the demand side, activity has remained largely driven by rigid demand in the near term. Intraday trading is expected to remain range-bound with limited fluctuation.
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