In the Shandong region, the morning mainstream quotation range for toluene is between 5,300 and 5,320 yuan per ton, with prices up by 30 yuan per ton compared to the previous trading day. Spot trading tends to be subdued ahead of the Spring Festival, coupled with weak guidance from crude oil and aromatics futures. In the previous trading day, domestic toluene and xylene prices experienced a slight decline. Currently, domestic spot supply pressure is relatively low, with merchants maintaining stable quotations. Downstream restocking demand is gradually narrowing, and it is expected that the market will maintain a narrow range of consolidation in the short term.