According to the Commodity Market Analysis System of Shengyi Society, the toluene market fluctuated and rose from June 16 to June 23, 2025. On June 16th, the benchmark price of toluene was 6010 yuan/ton, and on June 23rd, the benchmark price of toluene was 6170 yuan/ton, an increase of 2.66%. This week, the toluene market fluctuated and rose, international crude oil fluctuated and rose, and the toluene market followed suit with a significant increase. The supply in Shandong region is tight this week, and refinery quotations have generally been raised. Downstream purchases are made according to demand, and trading is still acceptable. The market atmosphere in the East and South China regions is good this week, with downstream purchases made according to demand, and the overall market negotiation atmosphere is still acceptable.

On the cost side, the overall crude oil market price closed higher, with the settlement price of the July WTI crude oil futures contract in the United States at $74.93 per barrel as of June 20th. The settlement price of Brent crude oil futures for August contract is $77.01 per barrel. On the one hand, the escalating tensions in the Middle East have led to a tight supply of crude oil and a significant rise in the international oil market; On the other hand, the trade negotiations between China and the United States have made good progress, and coupled with the unexpected decline in US crude oil inventories, favorable factors have supported the international oil market, with the crude oil market mainly rising.
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 23rd, East China Company quoted 6150 yuan/ton, North China Company quoted 6100 yuan/ton, South China Company quoted 6200-6250 yuan/ton, and Central China Company quoted 6250 yuan/ton.
Demand side:
On June 23rd, 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. Compared to June 16th, it remains unchanged. As of June 20th, the closing prices of the xylene market in Asia were 873-875 US dollars/ton FOB Korea and 898-900 US dollars/ton CFR China, an increase of 44 US dollars/ton from June 13th.
Market forecast: The overall macro trend is relatively strong in the near future, with a significant increase in crude oil prices and an overall strengthening of fundamentals. From the perspective of supply and demand, the supply side has been relatively loose recently, and downstream demand is more rigid. The impact of supply and demand on the toluene market is relatively small in the near future, and it is expected that the toluene market will continue to maintain a stable, medium, and strong trend in the short term.