Last week, international crude oil prices showed an upward trend. Driven by oil products, Shandong refineries were relatively active in toluene and xylene, with positive transactions. The market's low-priced resources decreased, and the prices were tentatively pushed up. The overall situation in East China is in a stalemate, with limited gains and losses. At present, the cross-regional mobility of domestic resources has weakened, and most of them are absorbed by the surrounding areas. As the weekend approaches, the concentrated and successive replenishment has come to an end, and the market atmosphere has somewhat weakened. Each refinery has shown some relaxation, and the overall purchasing is mainly based on demand, waiting for further changes in the market.
This week's forecast is to closely monitor the impact brought by external news. Currently, there is some inventory pressure in refineries, and there are signs of a short-term decline. Constrained by the demand side, the overall market is running weakly. At this stage, the price is in the low range, and cautious operation is needed.
