Price trend

According to the Commodity Market Analysis System of SunSirs, the average market price of domestic CPL on March 11th was 13,525 RMB/ton, and on March 15th, the average market price of domestic CPL was 13,300 RMB/ton. This week, the price of CPL fell by 1.66%.

Analysis review

The market price of CPL had fallen this week. This week, the price of raw material pure benzene had increased, leading to increased cost support. There was a high supply of CPL in the market, and downstream purchases were made on demand. The supply and demand side support was weak, and manufacturers and distributors were cautious and cautious. The settlement price of Sinopec Liquid Premium CPL last week was 13,500 RMB/ton.

Raw material pure benzene market: This week, the price of pure benzene had increased. On March 11th, the price of pure benzene was 8,342 RMB/ton. On Friday (March 15th), the price of pure benzene was 8,550 RMB/ton, an increase of 3.49% compared to last week. This week, the price of Sinopec pure benzene was 8,350 RMB/ton.

Downstream PA6 market: The PA6 market price has fallen this week. Enterprise quotations have been lowered, mainly for old customers. As of March 15th, the average reference price for domestic PA6 was 14,950 RMB/ton.

Market outlook

SunSirs’ CPL Analysts believe that the CPL market had been stabilizing recently. The raw material pure benzene was strengthening, and there was still support on the cost side. But the market supply was sufficient, and terminal demand was limited. Under the supply-demand game, it is expected that the short-term consolidation of the CPL market will be the main trend.

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