According to the commodity market analysis system of SunSirs, the toluene market fluctuated and rose from June 2 to June 9, 2025. The base price of toluene on June 2 was 5,470 RMB/ton, and the base price of toluene on June 9 was 5,660 RMB/ton, up 3.47%. This week, the toluene market fluctuated and rose. The supply in Shandong was tight this week, and some enterprises stopped production for maintenance, and the market supply was obviously tight. The enthusiasm of the downstream oil blending industry to enter the market is still acceptable, and the overall demand is rigid. The supply in East China and South China was also tight this week due to the port situation. With the support of the supply side, the market price rose overall.

Cost side: The crude oil market fluctuated and rose in this cycle. As of June 6, the settlement price of the July contract of WTI crude oil futures in the United States was US$64.58/barrel. The settlement price of the August contract of Brent crude oil futures was US$66.47/barrel.

Supply side:

Sinopec's toluene enterprises are operating normally, the production of the equipment is stable, the products are mostly for self-use, and the production and sales are stable. As of June 9, the East China Company quoted 5,500 RMB/ton, the North China Company quoted 5,700 RMB/ton, the South China Company quoted 5,550-5,650 RMB/ton, and the Central China Company quoted 5,750 RMB/ton.

Demand side:

On June 9, the price of paraxylene of Sinopec Sales Company was temporarily stable, and the current implementation price was 7,000 RMB/ton. This price was implemented in East China, North China, Central China and South China. The operation of Yangzi Petrochemical, Zhenhai Petrochemical and other units was stable and sales were normal. It was increased by 150 RMB/ton compared with May 30. As of June 6, the closing price of paraxylene in the Asian market was US$793-795/ton FOB Korea and US$818-820/ton CFR China.

Market Forecast: There is a lack of news guidance on the macro level recently, and the upward trend of crude oil prices has boosted the market to a certain extent. The recent market trend is mainly affected by the supply and demand side. Affected by the tight supply due to equipment maintenance, the spot market atmosphere has been boosted, and refinery quotations have generally increased slightly. It is expected that the toluene market will be mainly stable and strong in the short term.

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