Price trend

According to the Commodity Market Analysis System of SunSirs, the reference average price of domestic CPL on October 1st was 13,512 RMB/ton. On October 31st, the reference average price of domestic CPL was 13,087 RMB/ton. This month, the market price of domestic CPL fell by 3.15%.

Analysis review

This month, the domestic market price of CPL was initially suppressed and then increased, with an overall downward trend being the main trend. In the first half of October, the market price of CPL fell. The price of raw material pure benzene has been lowered, and cost support has weakened. Downstream on-demand procurement leads to weak terminal demand. In the second half of October, the market price of CPL slightly increased. The price of raw material pure benzene has increased, and under cost pressure, some CPL companies have raised their prices. Downstream procurement was on demand, with average terminal demand. As of October 31st, the settlement price of Sinopec's liquid premium CPL was 13,250 RMB/ton.

Raw material pure benzene market: The price of pure benzene has slightly decreased this month. In the first half of October, prices slightly decreased, while in the second half of October, the price of pure benzene steadily increased. On October 1st, the price was 8,172 RMB/ton; On October 31st, the price was 7,900 RMB/ton, a decrease of 3.32% compared to the beginning of the month and an increase of 6.39% compared to the same period last year. This month, the price of Sinopec pure benzene was decreased by 150 RMB/ton to 8,050 RMB/ton.

Downstream PA6 market: This month, the downstream PA6 market fell first and then rose. The demand side is cautious in picking up goods, and market trading tends towards the low end. As of October 31st, the reference average price of domestic PA6 was 14,525 RMB/ton.

Market outlook

SunSirs’ CPL analysts believe that the CPL market has slightly increased recently. The price of raw material pure benzene has increased, and cost support has strengthened. Downstream procurement is in urgent need and should be handled with caution. It is expected that in the short term, the price of CPL will be relatively stronger, with consolidation and operation being the main focus.

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