SunSirs: On August 29, the Domestic Market Dynamics of Toluene
August 30 2022 11:05:36 SunSirs (John )
Toluene price summary on August 26:
Shijiazhuang Refinery’s toluene price was 7,650 RMB/ton, Qilu Petrochemical’s toluene price was 7,600 RMB/ton, Yamba’s toluene price was 7,650 RMB/ton, Guangzhou Petrochemical’s toluene price was 7,650 RMB/ton, Maoming Petrochemical quoted toluene at 7,600 RMB/ton, and Changling Refinery's toluene offered at 7,650 RMB/ton.
Volatility trend:
Analysis and Comments:
On the crude oil front, oil prices were supported by rising supply amid concerns about tighter supply amid a signal from the Saudi-led Organization of the Petroleum Exporting Countries and its allies (OPEC+) to cut production.
On the 29th, Sinopec South China raised toluene by 100 RMB/ton.
Crude oil rose, the support of toluene in the outer disk was strong, the domestic supply of toluene was tight, and the positive market atmosphere still existed. Gasoline rose on the 29th, driving the toluene spot market to follow.
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