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SunSirs: CPL First Fell and Then Rose in August and the Market Stabilized

September 03 2020 14:53:14     SunSirs (John)

Price trend

According to the data of SunSirs’ bulk list, the average ex-factory price of domestic CPL liquid was 9,566 RMB/ton on August 1, and the average ex-factory price of domestic CPL liquid was 9,450 RMB/ton on August 31. The price fell 1.22% this month.

Analysis review   

Domestic CPL first fell and then rose this month. The negative factors increased in early August, and the price of CPL began to fall. The price gradually stabilized in mid-August, and rose steadily to the end of the month. As of the end of the month, Shandong Luxi Chemical's CPL liquid price was 9,000 RMB/ton, and the factory has a factory capacity of 300,000 tons/year. The actual transaction could be discussed. Nanjing Dongfang’s CPL liquid price was 9900 RMB/ton, the 400,000 tons/year plant was operating normally, and the CPL plant was operating normally. As of the end of the month, Baling Hengyi's CPL liquid price was 9,700 RMB/ton, and the 450,000 tons/year plant was operating normally and delivered by acceptance. Baling Petrochemical’s CPL liquid price was 9,700 RMB/ton, and the 300,000 tons/year plant started up normally and was delivered by acceptance.

The raw material pure benzene rose 0.59% this month. In early August, the pure benzene market continued its upward trend at the end of July and continued to rise. Beginning in the middle of the month, downstream equipment maintenance increased, and the willingness to lower prices was obvious. The price of pure benzene in North China dropped significantly. Entering September, the downstream operating rate is expected to increase, the pressure on the inventory of pure benzene ports may be relieved, and the later price is expected to break through.

Market outlook

The CPL analyst of SunSirs believes that there are more raw material pure benzene inventories this month, and the cost is under heavier pressure. With the increase in downstream demand, the trading of polymerization plants is good, and the CPL market may gradually improve. The price of CPL is expected to increase in September.

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

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