Price trend

According to the monitoring data of SunSirs, the average market price of domestic liquid CPL was 12,366 RMB/ton on October 17, and 12,266 RMB/ton on October 24. The domestic CPL price fell 0.81% this week.

Analysis review

The CPL market fell slightly this week and then consolidated. The price of raw material pure benzene fell, the cost end support of CPL weakened, the market supply was tight, and downstream procurement was based on demand, mainly on wait-and-see. The operating rate of downstream polymerization plants increased, and the demand for CPL was stable. As of October 24, the price of Sinopec CPL liquid was 13,100 RMB/ton. The price of CPL liquid of Baling Petrochemical was 13,100 RMB/ton. Shandong Hualu Hengsheng CPL liquid price was 12,600 RMB/ton, and the manufacturer's unit capacity was 300,000 tons/a. The price of CPL liquid of Shandong Luxi Chemical was 12,100 RMB/ton, and the manufacturer's capacity was 300,000 tons/a.

Raw material pure benzene market, the price of pure benzene weakened this week. As most downstream demand maintained following up just in need, Shandong enterprises were under pressure to ship goods and had a strong desire to destock. The focus of negotiations weakened, and the price of pure benzene continued to decline in the week. At the beginning of this week, the arrival of pure benzene at East China Port was slightly delayed, and the inventory dropped to 45,200 tons. This week, the price of Sinopec pure benzene was lowered by 150 RMB/ton to 7,850 RMB/ton (the price in Hebei and Shandong was lowered to 7,900 RMB/ton).

Market outlook

CPL analysts from SunSirs believe that the price of raw material pure benzene tended to be stable after the recent downturn, and the decline slowed down. The CPL market was cautious and on the sidelines, and mainly in consolidation It is expected that CPL market will be dominated by stable consolidation in the short term.

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