SunSirs--China Commodity Data Group

Member ID: password: Join Now!
Commodity News

SunSirs: Commodity Chemicals: Toluene Continues to Rebound Thanks to Market Recovery and Push of Crude Oil (11.9-11.15)

November 16 2019 11:14:04     SunSirs (Daisy)

Price Trends

According to data from SunSirs’ bulk commodity data base, the domestic toluene market rises by 4.83% this week due to the rebound in market transactions and in international crude oil prices.

Market Analysis

Products: Last week, the market slightly improved this week with increasing the transaction volume.

At present, the mainstream price in East China is around RMB 5,750-5,820 yuan/ton. As per feedback from traders, the turnover increases. The port inventory slightly falls to 26,000 tons.

Industry chain: In terms of upstream, crude oil, its price generally fluctuates this week, with Brent Spot increasing by 1.18%, Brent Future increasing by 1.21%, WTI Future decreasing by 0.66%, and Dubai Future increasing by 2.73%.

As for downstream, the domestic TDI market price has slightly reduced this week. The average market price in the East China region is around RMB 00 yuan/ton. It is expected that the TDI market will be weakly traded sideways in the late period. For PX market, the domestic PX price trend is temporarily stable this week. The external disk price rises slightly. The price is roughly US$ 768-770 /ton FOB Korea and US$ 788-790 /ton CFR China. It is expected that the PX market price will remain at RMB 6,800 yuan/tons in the short term.

Market Forecasting

According to SunSirs’ xylene analysts, the key is on the volume of market transactions and port inventory next week. Meanwhile, in terms of political issues, the progress of China-US trade negotiations will be paid attention. Plus, SunSirs analysts will cover how weak global economic indication impacts the demand for crude oil to support this topic. Overall, it is predicted that   the toluene market will continue to fluctuate smoothly next week.

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

Related Information
Energy
Chemical
1,3-butadiene | Acetic acid | Acetic anhydride | Acetone | Acrylic acid | Activated charcoal | Adipic acid | Aluminum fluoride | Ammonium nitrate | Ammonium sulfate | BDO | Benzene | Bisphenol A | Bromine | Butyl acetate | Butyl Acrylate | Calcium carbide | Calcium chloride | Calcium Formate | Caustic soda | Chlorinated Paraffin | Chloroacetic acid | Chloroform | CPL | Cryolite | Cyclohexane | DBP | Dichloromethane | Diethylene glycol | Dimethyl carbonate | DMF | DOP | DOTP | EA | ECH | Epoxy resin | Ethyl Acrylate | Ethylene oxide | Ferrous lithium phosphate | Flake caustic soda | Fluorite | Formaldehyde | Formic acid | Glycerol | Hexafluoropropylene | Hydrochloric acid | Hydrofluoric acid | Hydrogen peroxide | Hydrogenated benzene | IPA | Isobutanol | Isooctyl Acrylate | Liquid ammonia | Lithium carbonate | Lithium hydroxide | Maleic anhydride | MEK | Melamine | MIBK | N-butanol | N-butyraldehyde | N-Methylpyrrolidone | N-propanol | Neopentyl glycol | Nitric acid | Orthoboric acid | OX | PA | PAC | PAM | Paraformaldehyde | PCE | PEG | Phenol | Phosphate rock | Polysilicon | Potassium carbonate | Potassium chloride | Potassium nitrate | Potassium sulfate | Propane | Propylene | Propylene Glycol | Propylene oxide | PTFE | R134a | R22 | Resorcinol | Silica | Silicone DMC | Soda ash | Sodium acetate | Sodium Bicarbonate | Sodium metabisulfite | Stearic acid | Sulfur | Sulfuric acid | TDI | Titanium Dioxide | Titanium tetrachloride | Trichloroethylene | Urea | vitamin A | vitamin C | vitamin E |
Rubber & plastics
Textile
Non-ferrous metals
Steel
Building materials
Agricultural & sideline products