Spot toluene prices have remained stable recently, while futures market sentiment has improved, but supply and demand have not changed significantly.
In the market, rising PX futures prices have improved sentiment in the spot market, but this has not triggered actual price changes, indicating a current supply-demand balance. Supply and demand have a neutral impact on short-term spot prices, with no significant bullish or bearish factors driving the market. Rising futures prices typically benefit the spot market and may push PX spot prices up in the short term, but thin trading volume has limited price fluctuations.
If PX futures continue to strengthen, it may gradually transmit to the toluene spot market, leading to a slight price increase, but the follow-up effect of actual demand needs to be monitored.
