Price trend

According to the monitoring data of SunSirs, the average market price of domestic liquid CPL on November 14 was 12,366 RMB/ton, and the average market price of domestic liquid CPL on November 21 was 12,333 RMB/ton. The domestic CPL price fell 0.27% this week.

Analysis review

CPL market prices fell slightly this week. The price of raw material pure benzene rebounded after falling back, and the cost support of CPL was strengthened. This week, CPL units of some enterprises recovered and market supply increased. The downstream PA enterprises started steadily, and their demand for CPL was stable, and they bought as needed. As of November 18, Shandong Hualu Hengsheng had raised the price of CPL liquid to 12,400 RMB/ton. The manufacturer's capacity is 300,000 tons/year.

Raw material pure benzene market, this week, the price of pure benzene rose after falling. Due to the overall poor profitability of downstream products, the market trend continued to be weak, and the demand for pure benzene was weak. In the second half of the week, the crude oil fell continuously. The market atmosphere was depressed by bad news, and the price fell back. This week, the stock of pure benzene in East China port dropped to 87,300 tons, with a small consumption.

Market outlook

CPL analysts from SunSirs believed that the recent raw material pure benzene market rebounded after falling, the cost side support was strengthened. The market supply of CPL increased, the downstream demand continued to be sluggish, and the transaction was average. It is expected that the CPL market will be dominated by weak and stable operation in the short term.

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