Price trend

According to the data from SunSirs’ bulk list, the average domestic ex-factory price of liquid CPL was 14,100 RMB/ton on January 17, and the average ex-factory price of domestic liquid CPL on January 24 was 14,075 RMB/ton. CPL prices fell 0.18% this week.

Analysis review

The price of CPL fell slightly this week. The price of raw materials rose first and then fell, and the cost support was better. At present, some enterprise installations have restarted, the supply has increased slightly, and the demand for downstream stocking before the holiday has weakened. As of January 24, the price of Sinopec CPL liquid was 14,400 RMB/ton. The price of Baling Hengyi CPL liquid was 14,400 RMB/ton, and the 450,000-ton/year unit was normally operated. The price of CPL liquid of Baling Petrochemical was 14,400 RMB/ton, and the 450,000-ton/year unit was operating normally. Shandong Luxi Chemical has no quotation for liquid CPL liquid, and the factory has an annual production capacity of 300,000 tons. Shandong Hualu Hengsheng CPL liquid price was 14,000 RMB/ton, and the manufacturer's installation capacity was 300,000-ton/year.

The price of pure benzene, a raw material, fell this week after rising. Crude oil continued to rise, cost support was strong, and the market was more motivated to negotiate, pushing up the price of pure benzene. This week, the price of pure benzene in Sinopec increased by 150 RMB/ton to 7700 RMB/ton, and the bottom support was stronger, which also gave the market a positive support. However, with the Spring Festival approaching, the pre-holiday stocking in the downstream has basically ended, and the buying order has decreased. The industry sold at a profit, the selling order increased, and the price of pure benzene fell back from a high level.

Market outlook

The CPL analyst of SunSirs believes that due to the increase in supply and the weakening of demand, the CPL market is weak and the transaction is average. Under the support of high cost, the CPL market has not changed much for the time being. It is expected that in the short term, CPL is weak and stable.

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