Toluene prices fluctuated slightly, with significant regional differences, and the overall market remained stable with a wait-and-see attitude.
On the cost side, fluctuating international crude oil prices weakened cost support for toluene. On the demand side, downstream chemical industries (such as solvents and coatings) maintained stable demand, but lacked explosive growth drivers, limiting upward price potential. On the supply side, domestic toluene refineries experienced smooth shipments and low inventory pressure, supporting price stability.
In the short term, the toluene market will continue to be affected by fluctuations in crude oil prices, but with a stable supply and demand structure, prices are expected to remain within a narrow range.
