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SunSirs: Domestic market dynamics of toluene on June 14
June 15 2022 08:48:41()

1、 Price summary on June 13:

Shijiazhuang Refining & Chemical Co., Ltd. offered 9000 RMB/ton, and Qilu Petrochemical Co., Ltd. offered 8900 RMB/ton,

Yangba offers 9250 RMB/ton,

Guangzhou Petrochemical offers 9250 RMB/ton, Maoming Petrochemical offers 9200 RMB/ton,

Changling Refining & Chemical Co., Ltd. offers 9300 RMB/ton,

2、 Fluctuation trend:

3、 Analysis and comments:

In terms of crude oil, the market weighed the expectation of tight global supply in the future over the inhibition of demand caused by the expectation of the Federal Reserve's interest rate hike.

Today, Sinopec East China toluene reduced by 100 RMB/ton.

The external market fell back, the market continued to speculate that the enthusiasm for toluene export weakened, the focus returned to the demand side, and the downstream had obvious resistance to high price toluene.

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