SunSirs: Supply Decreased, and CPL Prices Rose (April 6-11)

Price trend

According to the monitoring data of SunSirs, the average domestic liquid CPL market price was 13,033 RMB/ton on April 6, and the average domestic liquid CPL market price on April 11 was 13,400 RMB/ton. CPL prices rose 2.81% this week.

Analysis review

The CPL market price rose this week. This week, the CPL raw material market was high and firm, and the cost support was well. Some enterprises reduced production or parked their installations, and the supply in the market was reduced. As of April 11, the price of Baling Hengyi's CPL liquid was 14,000 RMB/ton, and the 450,000-ton/year unit was operating normally. The price of Baling Petrochemical's CPL liquid was 14,000 RMB/ton, and the 450,000-ton/year unit was operating normally. The price of Shandong Hualu Hengsheng's CPL was 14,000 RMB/ton, and the manufacturer's installed capacity was 300,000 tons/year. The price of Shandong Luxi Chemical's CPL liquid was 13,100 RMB/ton, and the manufacturer's production capacity was 300,000 tons/year.

The raw material pure benzene rose slightly this week. At the beginning of the week, pure benzene continued to decline, and in the middle of the week, the price rebounded and fell again. During the festival, the pure benzene market was lightly discussed, and the Shandong region was affected by the public health event, the logistics was blocked, the shipments of individual enterprises were not good, and the price difference between regions widened. Affected by the unexpected shutdown of a downstream styrene plant in the middle of the week, the price of styrene rose, and pure benzene was driven up. However, the overall market atmosphere of pure benzene in Shandong was not good, the high-end price had fallen, and the price difference had narrowed. Sinopec pure benzene price was 8,600 RMB/ton this week.

Market outlook

SunSirs’ CPL analysts believe that due to the current epidemic, logistics and transportation are blocked. The supply of CPL is relatively low, and the cost has strong support. Under favorable circumstances, it is expected that the price of CPL will mainly rise in the short term.

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