Price trend

According to the commodity market analysis system of SunSirs, the average price of domestic liquid CPL market was 12,683 RMB/ton on May 1, and 12,666 RMB/ton on May 8. CPL prices fell 0.13% this week.

Analysis review

CPL market fell in shock this week. The price of raw material pure benzene decreased, and cost support weakened. Some CPL enterprises had reduced market supply and supply of goods due to equipment maintenance. However, downstream demand performance was insufficient, the procurement was mainly on-demand and market transactions were weak. As of May 8, Shandong Hualu Hengsheng CPL liquid had a national delivery price of 12,800 RMB/ton, and the manufacturer's plant capacity is 300,000 tons/year. The settlement price of Sinopec high-end CPL was 13,200 RMB/ton, high-quality liquid product and self-delivery.

The price of raw material pure benzene continued to decline this week. On May 8th, the domestic price of pure benzene ranged from 7,050 to 7,330 RMB/ton, with an average price of 7,163 RMB/ton, a decrease of 3.63% compared to last week. As of May 8th, Sinopec Group North China region: Qilu Petrochemical quoted 7,300 RMB/ton, Shijiazhuang Refining and Chemical quoted 7,300 RMB/ton, and Tianjin Petrochemical quoted 7,300 RMB/ton.

Market outlook

CPL analysts from SunSirs believe that the price of raw material pure benzene was weakened recently, and the cost side support was weak. The follow-up at the terminal was insufficient and market transactions were insufficient It is expected that CPL market price will be slightly adjusted and operated in the short term.

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