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SunSirs: Toluene Domestic Market Dynamics on December 9
December 12 2022 09:34:58()

1. Price summary on December 8:

Shijiazhuang refining and chemical quotation is 6400 RMB / ton, Qilu petrochemical quotation is 6500 RMB / ton,

The quotation of Yangba is 6250 RMB/ton,

The quotation of Guangzhou Petrochemical is 6350 RMB / ton, and that of Maoming Petrochemical is 6300 RMB / ton.

The quotation of Changling Refining & Chemical Co., Ltd. is 6350 RMB/ton,

Xinhai Petrochemical quoted 6200 RMB / ton.

2. Fluctuation trend:

 

 

3. Analysis and comments:

In terms of crude oil, the market was shrouded in a negative atmosphere, the oil market was dragged down by fears of economic recession, and the Fed's interest rate hike expectations put pressure on oil prices.

Today, Sinopec's toluene in East China was lowered by 200 RMB/ton.

Crude oil continued to fall, the cost side weakened widely, related commodities generally weakened, the market mentality was not good, and the toluene market was dragged down and fell.

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