SunSirs: Cost Weakening, CPL Price Fell (June 12-16)
June 19 2023 11:18:12 SunSirs (John)
Price trend
According to the commodity market analysis system of SunSirs, the average price of domestic liquid CPL was 12,310 RMB/ton on June 12, and the average price of domestic liquid CPL was 12,200 RMB/ton on June 16. The price of CPL fell 0.89% this week.
Analysis review
The price of CPL fell slightly this week. The price of raw material pure benzene had decreased, weakening cost support. The spot supply of CPL market was tight this week, and the supply side still had support. Downstream procurement willingness was weak, and purchase mainly on-demand. As of June 16, the delivery price of Shandong Hualu Hengsheng Liquid CPL in East China was 12,400 RMB/ton, and Sinopec high-end CPL self-delivery price was 12,400 RMB/ton..
This week, the price of raw material pure benzene slightly decreased. On June 12th, the price of pure benzene was 6,442 RMB/ton. On Friday (June 16th), the price of pure benzene was 6,200 RMB/ton, a decrease of 4.68% compared to last week and a decrease of 37.37% compared to the same period last year. This week, the price of Sinopec pure benzene dropped to 6,200 RMB/ton.
Market outlook
CPL analysts from SunSirs believe that the price of raw material pure benzene continued to fall recently, and the cost side support was poor. The market supply had decreased, and both supply and demand in the market were weak. It is expected that the n CPL market will sort out in a narrow range in the short term.
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- 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)
