According to the Commodity Market Analysis System of Shengyi Society, the toluene market will operate steadily from August 8th to August 15th, 2025. On August 8th, the benchmark price of toluene was 5560 yuan/ton, and on August 15th, the benchmark price of toluene was 5560 yuan/ton, unchanged. The toluene market has been operating steadily this cycle, and some companies in the Shandong market have temporarily stopped exporting for their own use. Export companies mainly rely on pre-sales, and refinery quotations are generally stable. The East China market is mixed with negative and positive factors, and the market is temporarily stable under the mentality of supply and demand game. Although the supply in the South China region is slightly tight, the weakening of crude oil prices has dragged down market sentiment, and prices remain stable this week.

On the cost side: During this cycle, crude oil prices fluctuated mainly within a range. On the one hand, OPEC+announced a cumulative production increase of 2.3 million barrels per day until September, marking the organization’s exit from its plan to reduce production by over 2.2 million barrels per day one year ahead of schedule. This news is bearish for the oil market. On the other hand, the geopolitical situation in the Middle East is affecting the oil market, and global macro data is bearish. In addition, the fundamental impact of the upcoming off-season of US summer demand will continue to put pressure on the crude oil market price. As of August 14th, the settlement price of the US WTI crude oil futures September contract was reported at $63.96 per barrel. The settlement price of Brent crude oil futures for October contract is $66.84 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 August 15th, East China Company quoted 5500 yuan/ton, North China Company quoted 5500 yuan/ton, South China Company quoted 5650-5700 yuan/ton, and Central China Company quoted 5600 yuan/ton.
Demand side:
On August 15th, 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. The price remains unchanged from August 9th. As of August 14th, the closing prices of the xylene market in Asia were $799-801/ton FOB Korea and $824-826/ton CFR China, a decrease of $15/ton from August 8th.
Market forecast: The recent fluctuations in the crude oil market range have insufficient guidance for the spot market. At present, the supply and demand sides are intertwined with negative and positive news, and the market lacks clear information guidance. It is expected that the trend of the toluene market will be stable in the short term, and the future focus will be on the trend of crude oil and downstream demand.