Introduction to toluene: the domestic toluene Market held steady on November 11

Toluene Introduction: Yesterday, the domestic toluene market trend was stable. Influenced by upstream energy, the price of toluene market was strong, and the Sino US trade situation was optimistic for the time being. With the follow-up of part of the buying, the transaction supported the negotiation focus upward. Although the oil price rose, the trend of bulk chemicals was weak as a whole, and the peripheral direction was not good enough. The reference price in East China is around 5470-5480 CNY/ton. The future market forecast: the port supply inventory will continue to decline in the next week, pay attention to the subsequent changes in the supply side, and the market is expected to be relatively strong.