After the holiday, Shandong refineries, free from inventory pressure due to pre-holiday stock clearance and with some units temporarily shut down, saw a rise in toluene and xylene prices as they replenished stocks post-holiday. Sinopec and others followed suit with price hikes, and low-priced refinery resources became scarce. The market in East China remained relatively stagnant, similar to pre-holiday levels.
It is expected that next week, as the market gradually returns to normal and refineries are constrained by costs, the overall market will remain relatively stagnant with limited fundamental changes. Attention should be paid to external news and the impact of relevant policies, and operations should be conducted with caution.
