This week, influenced by news related to tariffs, as well as crude oil prices, the markets for toluene and xylene have become more active. The availability of low-priced resources has diminished, and prices are showing an upward trend. On the refinery side, some end-users have increased their procurement enthusiasm, and with no inventory pressure, the market focus has shifted upwards.
It is expected that next week, close attention should be paid to external news, particularly the impact of the Russia-Ukraine negotiations. Overall, refineries currently face no inventory pressure and are operating with low inventory levels, mainly fulfilling previous orders, with prices remaining firm. However, there is a risk of prices peaking and then declining, so cautious operation is advised.
