In the Shandong region, the morning mainstream quotation range for toluene is between 5,330 and 5,380 yuan per ton, marking a decrease of 70 yuan per ton compared to the previous trading day. On the previous trading day, domestic toluene and xylene prices experienced varying degrees of decline, and the overnight aromatics market continued to show a weak trend. Additionally, the downstream spot replenishment gap continues to shrink ahead of the Spring Festival, leading to an expected weak buying sentiment in the market during the day. However, refinery inventories are mostly at low levels, and there is no expectation of a further deepening of short-term supply-demand structural contradictions. Considering the overall weak market sentiment, it is anticipated that the bidding prices for toluene and xylene will continue to experience slight downward pressure during the day.
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