1、 Price trend

The domestic toluene market was stable and volatile this week, down about 0.23% as of Friday, according to the data in the business club’s bulk list.

2、 Analysis and comment

1. Product: compared with last week, the market trend of this week is stable. At present, the mainstream price in East China is about 5500-5550 yuan / ton. According to the feedback from traders, last week’s trading volume was average, and port inventory rose, about 26000 tons.

2. Industrial chain:

Upstream, in terms of crude oil, this week’s oil prices generally showed a volatile downward trend. As of Friday, spot Brent fell 4.72%, Brent futures fell 3.46%, WTI futures fell 0.94%, and Dubai futures fell 3.30%.

In the downstream, in the TDI market, the trend of domestic TDI market this week is stable and the transaction is light. The quotation of domestic goods with bills is about 11200 yuan / ton, and that of Shanghai goods with bills is about 11400 yuan / ton. It is expected that the TDI market will maintain a weak shock in the later period. In terms of PX market, the domestic market price has increased. At present, it is about 6900 yuan / ton, and the external price is about 814-816 US dollars / ton FOB South Korea and 834-836 US dollars / ton CFR China. It is expected that the PX market price will maintain 6900 yuan / ton next week.

3、 Future forecast

Toluene analyst of business and chemical branch said: next week, we will continue to focus on market turnover, port inventory and crude oil trend. Overall, toluene market is expected to continue to fluctuate next week.