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SunSirs: CPL Prices Rose Continuously in January (January 1-30)
January 31 2023 14:11:30SunSirs(John)

Price trend

According to the monitoring data of SunSirs, the average market price of CPL in China was 11,066 RMB/ton on January 1, and 12,366 RMB/ton on January 30. The domestic CPL price rose by 11.75% this month.

Analysis review

The domestic CPL market price rose continuously this month. The price of raw material pure benzene rose and cost support was strengthened. The spot supply of CPL in the market was tight, and the price of CPL was rising. Downstream demand needed to be improved, and the terminal gradually followed up. As of January 30, the settlement price of Sinopec CPL liquid was 12,280 RMB/ton. Shandong Hualu Hengsheng bulk CPL was priced at 13,000 RMB/ton, and the plant capacity of the manufacturer is 300,000 tons/year.

The market price of raw material pure benzene rose this month. Downstream styrene slightly strengthened, boosting the pure benzene market. Downstream replenishment increased, the discussion atmosphere in the pure benzene market was positive, and the focus of transaction moved up. The pure benzene inventory in Shandong was low and the market transaction was stable. This month, the price of Sinopec pure benzene was raised to 7,000 RMB/ton.

The downstream domestic PA6 market rose this month. This month, the operating rate of domestic PA6 polymerization plant increased from below 65% to more than 70%, with stable output and abundant supply of goods. Downstream, the textile and spinning industries had a weak load, and the overall demand for PA6 chips by terminal enterprises was weak. The spot market competition was strong, and the actual orders were mostly contract transactions. The market of PA6 in January was mainly driven by raw materials.

Market outlook

The CPL analyst of SunSirs believes that at present, the CPL market has an upward trend due to the favorable cost support, the tight spot on the market, and the steady follow-up of upstream and downstream demand. It is expected that the market price of CPL will continue to rise in the short term. It is recommended to pay attention to the change of raw material price.

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