SunSirs: Supply Reduced and the Price of CPL Increased (November 13-17)
November 21 2023 10:09:21 SunSir s (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, the average market price of liquid CPL in China was 12,887 RMB/ton on November 13th, and 12,975 RMB/ton on November 17th. The price of CPL was increased by 0.68% this week.
Analysis review
The market for CPL had risen this week. The price of raw material pure benzene had increased, cost support was beneficial for the market. Some enterprises had reduced the load of CPL units and reduced market supply. Downstream procurement was on demand, and the demand side was relatively stable. As of November 17th, the settlement price of Sinopec's high-end liquid premium product CPL this week was 13,450 RMB/ton.
The price of raw material pure benzene had slightly increased this week. On November 13th, the price of pure benzene was 7,675 RMB/ton, and on Friday (November 17th), the price of pure benzene was 7,750 RMB/ton, an increase of 0.97% compared to last week. This week, the price of Sinopec pure benzene was 7,750 RMB/ton (the prices in Shandong and Hebei regions were synchronized).
Downstream PA6 prices had risen this week. As of November 17th, the reference average price of domestic PA6 was 14,450 RMB/ton.
Market outlook
SunSirs’ CPL analysts believe that in recent days, the market for CPL was mainly on the rise. The price of raw material pure benzene was strong, and the cost side had support. Downstream procurement was on demand, and the market was improving. The supply of CPL in the market was tight, and it is expected that the price of CPL will be stronger in the short term.
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- 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)
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