Mainstream spot quotes for toluene in the East China region ranged from RMB 8,900 to 8,950 per ton, a decrease of RMB 50 per ton compared to the previous trading day. On the prior trading day, toluene and xylene exhibited divergent trends: strong support from pure benzene propelled toluene prices higher, while xylene prices declined following delivery settlement. The sharp drop in crude oil prices, compounded by sluggish pre-holiday trading activity, exerted downward pressure on the spot market. However, tight spot availability and advance sales commitments by refineries limited price declines. With no clear directional signal from the aromatics futures market, short-term movements are expected to remain within a narrow range, with intraday trading characterized primarily by resilient pricing amid sideways fluctuations.
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