SunSirs: The Trend of Domestic Toluene Market on July 4
July 05 2022 12:56:56 SunSirs (John)
1. Price summary on July 4:
Shijiazhuang Refinery's toluene price was 8,750 RMB/ton, Qilu Petrochemical's toluene price was 8,750 RMB/ton, Yamba’s toluene price wass 9,000 RMB/ton, Guangzhou Petrochemical's toluene price was 9,000 RMB/ton, Maoming Petrochemical's toluene price was 8,950 RMB/ton, and Changling Refinery's toluene quotation was 9,000 RMB/ton.
2. Fluctuation trend:
3. Analysis and comments:
In terms of crude oil, many oilfields in Libya encountered force majeure, and oil supply fell sharply, and the market was worried about the lack of OPEC+ production capacity, and international oil prices rose last Friday.
On the 4th, Sinopec East China toluene was lowered by 150 RMB/ton.
Crude oil rose, which supported the market to a certain extent, but there was no good news on the demand side, and toluene was weak and fluctuated.
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