According to the Commodity Market Analysis System of Shengyi Society, the toluene market fluctuated and rose from June 2 to June 9, 2025. On June 2nd, the benchmark price of toluene was 5470 yuan/ton, and on June 9th, the benchmark price of toluene was 5660 yuan/ton, an increase of 3.47%. This week, the toluene market fluctuated and rose, and the supply in Shandong region was tight this week. Some enterprises stopped work for maintenance, and the market supply was significantly tight. The downstream oil blending industry has a decent enthusiasm for entering the market, but overall demand tends to be rigid. The East and South China regions have been affected by port conditions this week, resulting in tight supply. Supported by favorable supply side conditions, the overall market price has risen.

Cost wise: The crude oil market has fluctuated upward in this cycle. As of June 6th, the settlement price of the July contract for WTI crude oil futures in the United States was $64.58 per barrel. The settlement price of Brent crude oil futures for August contract is $66.47 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 June 9th, East China Company quoted 5500 yuan/ton, North China Company quoted 5700 yuan/ton, South China Company quoted 5550-5650 yuan/ton, and Central China Company quoted 5750 yuan/ton.
Demand side:
On June 9th, Sinopec Sales Company temporarily stabilized the price of xylene, with the current execution price of 7000 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. An increase of 150 yuan/ton compared to May 30th. As of June 6th, the closing prices of the para xylene market in Asia were 793-795 US dollars/ton FOB Korea and 818-820 US dollars/ton CFR China.
Market forecast: There is a lack of macro guidance in the near future, and the upward trend in crude oil prices will provide a certain boost to the market. The recent market trend is mainly affected by the supply and demand side. Due to the tight supply of equipment maintenance, the atmosphere of the spot market has been boosted, and refinery quotations have generally increased slightly. It is expected that the toluene market will operate steadily, moderately, and strongly in the short term.