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Home > CPL News > News Detail
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SunSirs: The CPL Market Strongly Rose in May

June 04 2024 15:18:39SunSirs(John)

Price trend

According to the Commodity Market Analysis System of SunSirs, the average market price of domestic CPL on May 1st was 12,825 RMB/ton, and on May 31st, the average market price of domestic CPL was 13,627 RMB/ton. This month, the market price of domestic CPL had increased by 6.26%.

Analysis review

The domestic market price of CPL had continued to rise this month. The price of raw material pure benzene had increased this month, leading to increased cost support. The downstream operating rate had increased, leading to a positive demand for raw materials and an increase in terminal demand. Some companies were planning maintenance for their CPL units, leading to a tightening of market supply.

Cost side

The price of raw material pure benzene had increased this month. On May 31st, the price of pure benzene was 9,120 RMB/ton, an increase of 5.17% from the beginning of the month and 39.02% from the same period last year. As of May 31st, the price of Sinopec’s pure benzene was 9,100 RMB/ton (prices in Shandong and Hebei regions had increased by 300 RMB/ton simultaneously).

Demand side

The downstream PA6 market had risen this month. The price of CPL continued to strengthen, increasing support for the cost side of PA6. The load of domestic polymerization plants was stable with an increase, and the demand for stocking by terminal enterprises was stronger. As of May 31st, the domestic PA6 mixed benchmark price was 15,100 RMB/ton, and it may be slightly stronger in the short term.

Market outlook

According to CPL analysts from SunSirs, the price of raw material pure benzene had continued to strengthen recently, with increased cost support. Downstream procurement was relatively cautious, with a focus on replenishing as needed. It is expected that in the short term, the market price of CPL will tend to be stronger at high levels, with consolidation as the main trend.

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

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