Last week, under the positive macroeconomic conditions, market participation enthusiasm increased, driving a general rise in bulk commodities. Coupled with the initial boost from styrene, the price of pure benzene rebounded significantly. Downstream buyers were active in purchasing, and factories had no inventory pressure.
With the rise in the price of raw material benzene and the hype over the maintenance of the phenol-acetone plant in Yangzhou next month, acetone has followed suit and risen, with a cumulative increase of 400 yuan per ton.
This week, due to the impact of tariff news and crude oil, the market for toluene and xylene has become more active, with a reduction in low-priced resources and a rising trend.
As the May Day holiday approaches, the downstream purchasing atmosphere for ethyl ester is generally lackluster.
Recently, due to the influence of tariff policies and the demand side, the overall toluene and xylene have shown a downward trend and are operating under pressure.
Crude oil prices are showing upward momentum in the near term, yet the international repercussions triggered by U.S. trade policies remain volatile, dampening expectations for a significant rebound in upstream raw material costs.
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