SunSirs: Raw Materials Strengthened and the CPL Price Rose (February 27-March 6)
March 07 2023 10:32:08 SunSirs (John)
Price trend
According to the data of SunSirs, the average market price of domestic liquid CPL was 12,200 RMB/ton on February 27 and 12,300 RMB/ton on March 6. The domestic CPL price rose 0.82% this week.
Analysis review
The market price of CPL rose this week. The CPL market is generally operating well due to the increase in the price of raw material pure benzene and the strengthening of cost support. The load of CPL plant increased and the market supply increased. Downstream purchased just in needed, and the transaction atmosphere was acceptable. As of March 6, the price of Shandong Hualu Hengsheng CPL liquid was 12,700 RMB/ton, and the plant capacity of the manufacturer was 300,000 tons/year. Sinopec high-end CPL ha, a settlement price of 13,050 RMB/ton, which was high-quality liquid product.
The price of raw material pure benzene rose this week. The price of Sinopec pure benzene rose to 7,100 RMB/ton this week. The domestic price of pure benzene was 6,900-7,420 RMB/ton.
Market outlook
The CPL analyst of SunSirs believes that the CPL market has stabilized recently. The market of raw material pure benzene continued to strengthen, with favorable cost support. However, the market spot supply increased, and the terminal demand still needed to be improved. It is expected that the price of CPL will be mainly sorted and operated smoothly in the short term.
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