According to the Commodity Market Analysis System of Shengyi Society, the toluene market fluctuated and fell from June 30 to July 7, 2025. On June 30th, the benchmark price of toluene was 6070 yuan/ton, and on July 7th, the benchmark price of toluene was 5660 yuan/ton, a decrease of 6.75%. The toluene market has fluctuated downward this cycle, and the focus of negotiations has fallen. The mainstream refineries in Shandong continued to lower their ex factory prices in the later part of the week. As the price difference with xylene narrowed, some oil blending companies were attracted to enter the market for procurement. The overall shipment situation in Shandong was good, but the market price declined significantly. Trading in the East and South China regions has been relatively quiet this week, with downstream market entry not being active. On exchange quotes have generally decreased, lacking demand support, and spot market prices continue to decline.
Cost wise: The international crude oil market has fluctuated and risen this cycle. As of July 4th, the US WTI crude oil futures were closed for the Independence Day holiday, and the September Brent crude oil futures contract settlement price was $68.30 per barrel.
Supply side:
Sinopec’s toluene enterprise is operating normally, with stable production of equipment and many products for personal use, resulting in stable production and sales. As of July 7th, East China Company quoted 5600 yuan/ton, North China Company quoted 5600 yuan/ton, South China Company quoted 5650-5700 yuan/ton, and Central China Company quoted 5800 yuan/ton.
Demand side:
On July 7th, Sinopec Sales Company temporarily stabilized the price of xylene, with a current price of 7250 yuan/ton. This price is implemented in East China, North China, Central China, and South China. Yangzi Petrochemical, Zhenhai Petrochemical and other facilities are operating stably and sales are normal. Reduced by 50 yuan/ton compared to June 30th. As of July 4th, the closing prices of the xylene market in Asia were $815-817/ton FOB Korea and $840-842/ton CFR China, a decrease of $26/ton from June 27th.
Market forecast: The recent trend of crude oil is volatile, with significant fluctuations and insufficient guidance for the market. The overall supply side is relatively stable, and some parts of East China are slightly tight due to the impact of shipping schedules, which provides some support for the market. However, the overall performance of the demand side is weak, making it difficult for the toluene market to pick up and maintain a weak trend.
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