SunSirs: The CPL Market Was Sorted and Operated Smoothly (March 6-10)
March 14 2023 10:37:18 SunSirs (John)
Price trend
According to the data of SunSirs, the average market price of domestic liquid CPL was 12,300 RMB/ton on March 6 and 12,300 RMB/ton on March 10. The domestic CPL price was stable this week.
Analysis review
The market price of CPL was stable this week. This week, the price of raw material pure benzene rose, and the cost support was good. The load of CPL plant increased and the market supply increased. Downstream purchased just on demand, and they operated mainly in cautious As of March 10, the price of Shandong Hualu Hengsheng CPL liquid was 12,700 RMB/ton, which was delivered to East China. Sinopec's high-end CPL settlement price was 13,050 RMB/ton.
The price of raw material pure benzene rose this week. The increase in the main listing boosted market confidence, and the price stopped falling and rebounded, but the downstream resisted high-priced raw materials, and the trading volume was low. The price of Sinopec pure benzene rose to 7,200 RMB/ton this week.
Market outlook
The CPL analyst of SunSirs believes that the CPL market was stable recently. The price of raw material pure benzene continued to rise, and cost support was strengthened. As of the 10th, the market demand was general, and the downstream procurement was at a low price. It is expected that the CPL market will continue to run smoothly in the short term.
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