Price trend

According to the data of SunSirs’ bulk list, the average ex-factory price of domestic CPL liquid was 9,516 RMB/ton on September 1, and the average ex-factory price of domestic CPL liquid was 9,333 RMB/ton on September 30. The price fell 1.93% this month.

Analysis review

Domestic CPL first rose and then fell this month. In the first ten days of September, the price of raw material pure benzene rose, and the cost was favorable. The supply of CPL decreased, the purchase volume increased, and the price began to rise. In mid-to-late September, some CPL enterprises resumed production and the supply of CPL increased. Due to oversupply, inventory pressure has increased. The price began to fall. As of the end of September, the price of Shandong Luxi Chemical's CPL liquid was 9,000 RMB/ton, and the factory had a factory capacity of 300,000 tons/year. The actual transaction could be discussed. The price of Nanjing Oriental CPL liquid was 9,800 RMB/ton, and the 400,000 tons/year plant was operating normally. Baling Hengyi's CPL liquid price was 9,700 RMB/ton, and the 450,000 tons/year plant started up normally. Baling Petrochemical’s CPL liquid price was 9,700 RMB/ton, and the 300,000 tons/year plant starts up normally.

In September, the raw material pure benzene experienced shocks. In September, the listing price of pure benzene of Sinopec's companies was not adjusted, supporting the price of pure benzene. The price of local refinery in Shandong fluctuated significantly. Early September: Some pure benzene was exported, the market supply increased, and the demand did not improve, leading to the continuous weakening of prices. In mid-September, pure benzene was dominated by stable price consolidation. Late September: The willingness of downstream repurchase before the holiday is not strong, and the price of pure benzene generally weakened due to the pressure of sales.

Market outlook

The CPL analyst of SunSirs believes that the downstream chip market has increased demand for CPL at the beginning of this month and the market has risen. Later, due to weakening of demand, the supply of CPL increased and prices began to fall. Under the recent cost support and improvement in downstream demand, the CPL market is expected to rise steadily in October.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.