SunSirs: Toluene Market Weekly Report (4.17-4.24)
April 24 2023 10:14:09On April 24th, the benchmark price of toluene in Shangshang Society was 7490.00 RMB/ton, an increase of 5.79% compared to the beginning of this month (7080.00 RMB/ton).
The willingness of European and American central banks to continue raising interest rates remains, offsetting the benefits brought by the decline in US commercial crude oil inventories and the strong Chinese economy, suppressing the upward trend of oil prices. International oil prices have shown a downward trend this week. It is expected that international oil prices may fall first and then rise next week, and the bottom support of positive fundamentals will still be positive for the toluene market.
The industry's attitude towards price support remains unchanged.
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