According to the Commodity Market Analysis System of Shengyi Society, there was little fluctuation in the toluene market from September 8th to September 15th, 2025. On September 8th, the benchmark price of toluene was 5360 yuan/ton, and on September 15th, the benchmark price of toluene was 5360 yuan/ton, unchanged. The domestic toluene market has limited fluctuations in this cycle, with slight differences in markets across different regions. Affected by the price difference of toluene and xylene in Shandong region, downstream purchasing enthusiasm for toluene has increased. The purchasing enthusiasm was good during the week, and the main refinery prices slightly increased during the week. The trend of the East China market is relatively stable, and the enthusiasm for downstream market entry is weak. The South China market lacks clear information guidance and the market volatility is not significant. Overall, the toluene market has experienced limited volatility this week.
Cost wise: According to the Commodity Market Analysis System of Shengyi Society, as of September 12th, international crude oil futures closed higher, and the settlement price of the October WTI crude oil futures contract in the United States was $62.69 per barrel. The settlement price of Brent crude oil futures for November is $66.99 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 September 15th, East China Company quoted 5350 yuan/ton, North China Company quoted 5300 yuan/ton, South China Company quoted 5300-5400 yuan/ton, and Central China Company quoted 5450 yuan/ton.
Demand side:
On September 15th, Sinopec Sales Company temporarily stabilized the price of xylene, with the current execution price of 7200 yuan/ton. This price is implemented in East China, North China, Central China, and South China. Yangzi Petrochemical, Zhenhai Petrochemical and other units are operating stably and sales are normal. As of September 4th, the closing prices of the para xylene market in Asia were $807-809/ton FOB Korea and $832-834/ton CFR China.
Market forecast: The recent fluctuations in the crude oil market are relatively small, with limited impact on the spot market, and the macro outlook is relatively stable. From the perspective of supply and demand, some regions have performed well in the oil transfer market recently, providing some market support. However, overall, downstream demand is generally average, and it is expected that the market trend will be stable with limited fluctuations in the near future.
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