SunSirs: Raw Materials Rose, CPL Market Was Improving (May 10-14)
May 19 2021 13:54:45     SunSirs (John)Price trend
According to data from SunSirs’ bulk list, domestic CPL prices rose this week. The average ex-factory price of CPL on May 10 was 13,466 RMB/ton, and the average ex-factory price on May 14 was 13,766 RMB/ton. The price increased by 2.23% this week.
Analysis review
As of May 14, Nanjing Dongfang’s CPL liquid price was 15,000 RMB/ton, the 400,000-ton/year plant was operating normally, and the CPL plant was operating normally. The price of Sinopec’s CPL liquid was 14,700 RMB/ton. Baling Hengyi's CPL liquid price was 14,700 RMB/ton, and the 450,000-ton/year plant was in normal operation. Baling Petrochemical’s CPL liquid price was 14,700 RMB/ton, and the 300,000-ton/year plant started up normally. Shandong Luxi Chemical's CPL liquid price was 13,800 RMB/ton, the factory has a production capacity of 300,000 ton/year, and the device was in normal production.
This week, the price of raw material pure benzene stabilized after rising. On May 9th, the price of pure benzene was 7,600-7,853 RMB/ton (average price of 7,720 RMB/ton), and the weekend price of pure benzene was 8,150-8,300 RMB/ton (average price of 8,230 RMB/ton), the average price increased by 510 RMB/ton compared with last week, an increase of 6.61%; compared with the same period last year, it was an increase of 148.64%.
Market outlook
The CPL analyst of SunSirs believes that the market for CPL is improving because of the rising raw material pure benzene. Raw materials have risen sharply and are expected to gradually start to stabilize next week. In the short term, the price of CPL will consolidate at a high level.
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