SunSirs: The Domestic Market Dynamics of Toluene on July 25
July 26 2022 14:02:41 SunSirs (John)Summary of toluene prices on July 22:
Shijiazhuang Refinery’s toluene price was 7,750 RMB/ton, Qilu Petrochemical’s toluene price was 7,650 RMB/ton, Yamba’s toluene price was 7,650 RMB/ton, Guangzhou Petrochemical’s toluene price was 7,900 RMB/ton, Maoming Petrochemical’s toluene price was 7,850 RMB/ton, and Changling Petrochemical’s toluene price was 7,700 RMB/ton.
Fluctuation Trend:
Analysis and Comments:
In terms of crude oil, the European Union made adjustments to Russia's sanctions, which will allow Russian state-owned companies to ship oil to third countries. The supply tightness is expected to ease slightly, and oil prices fell.
On the 25th, Sinopec's toluene price in South China was lowered by 250 RMB/ton.
Crude oil fell for three days in a row, with weak external news and loose cost support. The domestic demand for toluene is sluggish, and the negotiated price continues to decline.
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