SunSirs: Domestic Market Trends of Toluene on October 14
October 17 2022 09:38:261、 Price summary on October 13:
Shijiazhuang Refining&Chemical Co., Ltd. quoted 7800 RMB/ton, Qilu Petrochemical Co., Ltd. quoted 7800 RMB/ton,
Yangba quoted 7750 RMB/ton,
Guangzhou Petrochemical quoted 7750 RMB/ton, Maoming Petrochemical quoted 7700 RMB/ton,
Changling Refining&Chemical Co., Ltd. quoted 7850 RMB/ton,
2、 Fluctuation trend:
3、 Analysis and comments:
In terms of crude oil, EIA data shows that by the week of October 7, 2022, the total crude oil inventory in the United States has increased by 2.19 million barrels month on month, the commercial crude oil inventory has increased by 9.88 million barrels month on month, the total gasoline inventory has increased by 2.023 million barrels month on month, and the distillate oil inventory has decreased by 4.853 million barrels month on month. The stocks of diesel oil and heating oil fell sharply, which overshadowed the negative impact of the increase in crude oil and gasoline stocks, and oil prices rebounded.
Crude oil rebounded yesterday, but the toluene market discussion was limited and the price was weak and stable.
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