First, the price trend Last week, the overall price of toluene in China was in a small range of concussion finishing, according to business’s bulk list data.

Early Zhou Enterprise average price is weekly high price, 5250 yuan/ton, midweek enterprise average price is weekly low price, 5213 yuan/ton, weekly amplitude of about 0.7%.

Ii. Analysis and review 1, crude oil: Sino-US trade talks bearish, the market waiting for OPEC and the alliance to cut production this weekend to discuss the relaxation of production cuts, coupled with a slight easing of tensions in the Middle East, international oil prices fell slightly in Friday.

The crude oil market is expected to remain volatile in the short term. 2, FOB South Korea toluene Reference price is also affected by crude oil, price shock mainly. Sinopec’s branch, some areas of toluene listed prices reduced.

Port inventory dropped slightly, east China in about 60,000 tons. 3, from the beginning of the Thursday, toluene market has recovered, the price rebound. But the current market news is complex, some operators still hold the wait-and-see sentiment, continue to wait for the fundamentals of more information guidance, short-term toluene prices still maintain a volatile trend.