Toluene market weakness is expected to rebound with crude oil

August 24th crude oil prices hit a record low. Chemical varieties generally weak down, the market mentality pessimistic, reported that the disk continued to decline. The price of the downstream inquiry and the rare, the transaction is rare. The toluene market offer continues to weaken, to suppliers of probing quotes, venue cautious wait-and-see, buying operation is not active, trading scarce, only heard sporadic small single clinch a deal. East China area at 4400 yuan / ton, Southern China area at 5000 yuan / ton.
Due to a substantial increase in crude oil in the morning of August 25th, toluene Market or to get a rebound in support. But crude oil has entered a downward cycle, the recent rebound in the fear continues to be weak. And outside the toluene reduced continuously, some domestic manufacturers slashed the price of toluene, the weak market fell. Downstream factories to work more, demand shortage. Expected today, the price of crude oil has rebounded today, the price of 4450-4500 yuan / ton.ferrous fumarate tablets

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