August 12 news
Recently, the toluene market in China has been supported by the strong trend of international crude oil, with the collective rise of aromatic categories forming a cost advantage. The regional market conditions show a differentiated trend; the average difference indicator shows a clear upward trend in short-term prices, which are currently at a medium-low level in the 1-year cycle. Subsequent attention should be focused on the guidance from the trends of crude oil and aromatic varieties.
I. Table of Mean Difference Changes
| Average Difference Type | Today's Value (2026-08-11) | Yesterday's Value (2026-08-10) | Direction of Change |
|---|---|---|---|
| 5-day Average Difference (D5) | 120 | 61.67 | + |
| 10-day Average Difference (D10) | 31.33 | -14 | + |
| 20-day Average Difference (D20) | -126.5 | -139.83 | + |
II. Signal State Determination
Clearly rising (the directions of change for the three moving averages are all positive compared to the previous day)
Three, Conclusions on Trend Directions
The price trend is clearly on the rise. Reason: According to the moving average difference method, the 5-day, 10-day, and 20-day moving averages all showed the same direction of change as the previous day, indicating a positive trend that meets the criteria for a clear upward movement. Meanwhile, the strong performance of international crude oil has provided robust cost support. Last week, toluene experienced volatile upward movements driven by favorable external factors. On August 10, Sinopec South China Company raised its listed price for toluene by 200 CNY/ton to 6,950 CNY/ton. The collective upward trend in aromatics prices has also provided positive support for pricing. Although some regional quotes saw slight adjustments, the overall average price continues to show an upward trend.
IV. Positional Spatial Reference
Toluene prices over a 1-year cycle are at a medium-low level in China, with relatively limited room for decline; the 60-day and 3-month cycles are at a medium-high level, and short-term upward potential needs to be closely monitored in light of fluctuations in crude oil and the trends of aromatic varieties.
5. Trend Chart Display
Risk Warning
The above analysis is for reference only and does not constitute trading advice.
