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SunSirs: Supply Decreased and CPL Prices Rose (August 30-September 5)

September 07 2021 14:00:04     SunSirs (John)

Price trend

According to data from SunSirs’ bulk list, the average domestic liquid CPL price was 14,475 RMB/ton on August 30, and the average domestic liquid CPL price was 14,750 RMB/ton on September 5. CPL prices rose 1.90% this week.

Analysis review

The price of CPL rose this week. As of September 5, Nanjing Oriental’s CPL liquid price was 15,200 RMB/ton, the 400,000-ton/year plant was operating normally, and the CPL plant was operating normally. The price of Sinopec CPL liquid was 14,900 RMB/ton. Baling Hengyi's CPL liquid price was 14,900 RMB/ton, and the 450,000-ton/year plant was in normal operation. Baling Petrochemical’s CPL liquid price was 14,900 RMB/ton, and the 300,000-ton/year plant was in normal operation. Shandong Luxi Chemical's CPL liquid price was 14,600 RMB/ton, the manufacturer's production capacity is 300,000 tons/year, and the actual transaction could be discussed.

The market of raw material pure benzene began to pick up after the drop in this week. The demand for pure benzene improved, and the market was developing for the better. The downstream PA6 chip market improved, and the raw materials were purchased on demand, and the price was generally stable.

Market outlook

The CPL analyst of SunSirs believes that at present, some enterprises plan to shut down their installations, and the supply of CPL continues to be tight, and the price of CPL is raised again due to the scarce spot. The price of raw material pure benzene has risen, and the cost support is better. It is expected that the CPL market trend will continue to move upward in the short term.

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

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