The international crude oil showed a downward trend last week, hitting a new low in nearly two years. In East China, the intention to ship
toluene and
xylene increased. Lacking effective support, they fell synchronously. The overall situation of toluene and xylene in Shandong refineries was rather stalemate. Currently, refineries have no inventory pressure and mainly execute previous orders. Affected by crude oil, it is not easy to push up the prices.
This week, it is predicted that close attention should be paid to the dynamics of the peripheral market. As crude oil lingers at a low level, downstream customers have successively placed replenishment orders at low prices. There has been a slight improvement in transactions, which forms support for the market. It is likely to rise and difficult to fall. It is advisable to maintain a cautious operation mentality.
