Price Trend
The domestic toluene market was generally stable this week, with prices rising slightly due to the rise in crude oil, with a weekly increase of about 0.23%.
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II. Analytical Review
1. Products: The trend of toluene market is steady this week. At present, the mainstream price in East China is around 5500 yuan/ton. According to the feedback from traders, this week’s trading is normal, compared with last week’s, the port stock is maintained at about 40,000 tons.
2. Industrial chain:
Upstream, crude oil, affected by Trump’s tariff comments, this week’s oil prices rose and fell unevenly, spot Brent rose 0.43%, Brent futures rose 0.52%, WTI futures fell 4.12%, Dubai futures rose 0.32%.
On the downstream side, in the PX market, the overhaul unit was restarted and new units were put into production to support the demand for isomeric xylene. In the PTA market, the possibility of PTA weakening in the short term is greater due to the restart of equipment maintenance and the increase of supply pressure.
3. Future Market Forecast
| ammonium persulfate |
Xylene analysts from Business, Social and Chemical Branch believe that next week we will continue to focus on the trend of the situation in the Middle East, the United States and Iraq, the follow-up game of Sino-US trade negotiations, and the expected fluctuation of crude oil demand in the global economic outlook after a new round of interest rate cuts by the global central bank. Overall, the toluene market is expected to adjust next week.