SunSirs: On June 6, the Domestic Market Dynamics of Toluene
June 07 2022 09:24:37 SunSirs (John)Price summary on June 2nd:
Shijiazhuang Refinery's offer of toluene was 7,900 RMB/ton,
Qilu Petrochemical's offer was 7,950 RMB/ton.
Yamba’s toluene price was 8,250 RMB/ton,
The price of Guangzhou Petrochemical's toluene was 8,100 RMB/ton,
The price of Maoming Petrochemical was 8,050 RMB/ton,
Changling Refinery's toluene quotation was 8,350 RMB/ton.
Price trend
Analysis review
In terms of crude oil, the market believes that the OPEC production increase plan will have limited impact on the tight supply situation, coupled with the arrival of peak fuel oil demand in Europe and the United States, and the relaxation of restrictions in China, global supply is tightened, and demand growth expectations continue to strengthen, and international oil prices continue to rise.
On the 6th, Sinopec East China's toluene was raised by 450 RMB/ton.
Crude oil and external disks continued to rise, with strong support from external news, a strong positive atmosphere in the toluene market, and the industry's price-preserving psychology continued.
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