SunSirs: After Rising, CPL Market Was Fell Back (February 17-23)
February 24 2023 14:20:47 SunSirs (John)
Price trend
According to the data of SunSirs, the average market price of domestic liquid CPL was 12,233 RMB/ton on February 17 and 12,200 RMB/ton on February 23. Domestic CPL prices fell 0.27% this week.
Analysis review
The market price of CPL fluctuated slightly this week. The price of raw material pure benzene was increased, and the cost support was acceptable. The spot supply in the market was reduced, and downstream purchases were mainly based on demand, and most deals were made at low prices. The market of CPL was mainly fluctuated and sorted. As of February 23, Shandong Hualu Hengsheng CPL liquid had a price of 12,600 RMB/ton, which was delivered to East China, and the plant capacity of the manufacturer is 300,000 tons/year.
The price of raw material pure benzene rose this week. This week, the price of Sinopec pure benzene remained stable at 7,000 RMB/ton. The domestic price of pure benzene was 6,900-7,450 RMB/ton.
The price of downstream domestic PA6 market fell this week. The load of domestic polymerization plants was stable and increased, and the supply maintained an adequate level. On the demand side, it tended to be rigid. As of February 23, the reference price of PA6 was 14,133.33 RMB/ton
Market outlook
The CPL analyst of SunSirs believes that the CPL market was in consolidation and operation recently, and the terminal operating load had been increased, and the purchase was just in needed. There is no major fluctuation in the market for the time being, and CPL prices are expected to run smoothly in the short term.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com
- 2024-04-26 SunSirs: Negative Factors Increased, and the Trend of CPL Declined (April 15-24)
- 2024-04-12 SunSirs: In early April, the Market for CPL Strengthened
- 2024-03-28 SunSirs: Under the Dominance of Bearish Factors, the Price of CPL Had Fallen (March 18-24)
- 2024-03-20 SunSirs: Supply and Demand Gamed, and the Price of CPL Declined (March 11-15)
- 2024-03-11 SunSirs: Supply Exceeded Demand, Leading to a Decline in the Price of CPL (March 4-8)
