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SunSirs: Cost Weakened, and CPL Was Weak and Stable (March 13-17)

March 22 2023 13:44:20     SunSirs (John)

Price trend

According to data from SunSirs, the average market price of domestic liquid CPL on March 13 was 12,300 RMB/ton, while the average market price of domestic liquid CPL on March 17 was 12,300 RMB/ton. CPL prices were stable this week.

Analysis review

The market price of CPL was stable this week. The price of raw material pure benzene fell this week, cost support weakened. The supply of CPL in the spot market had increased, and downstream procurement was mainly on demand. As of March 17, Shandong Hualu Hengsheng CPL liquid had a price of 12,700 RMB/ton and was delivered to East China. The factory's unit capacity was 300,000 tons/year. Sinopec high-end CPL had a settlement price of 13,100 RMB/ton, which was self delivered.

The price of raw material pure benzene fell this week. The prices in East China fell sharply, and the news in the macro market had exacerbated the pessimistic expectations of the industry for the future, and the cargo holders were actively shipping. Downstream buying gas was insufficient, and the offer was withdrawn. The buying sentiment in the Shandong market was cautious and the transaction was poor.

Market outlook

According to CPL analysts from SunSirs, the market of pure benzene, the raw material, weakened recently, and the market atmosphere for CPL was poor. The market supply of CPL was gradually recovering, and downstream procurement was carefully operated. It is expected that the CPL market will be mainly weaker in the short term.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com

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