1、 Price trend
| Gamma Polyglutamic Acid |
According to the bulk list data of the Business News Agency, the price of mixed xylene tends to be stable this week, rising slightly in the early stage, and stabilizing at 7560 yuan/ton in the middle and late stage. The price was 7480 yuan/ton on March 6 and 7560 yuan/ton on March 12, up 1.07% from last week.
2、 Analysis and comment
In terms of crude oil, the overall trend of crude oil this week was fluctuating downward. The US crude oil inventory unexpectedly decreased, and the market worried about raising interest rates increased, which brought pressure on oil demand, and the international oil price fell; In order to control inflation, the United States has frequently taken a series of measures recently, including releasing strategic reserves, reiterating the oil price manipulation bill against OPEC, and encouraging traders to transport Russia’s limited price crude oil. In terms of demand, China’s economy is in the stage of rapid rebound, which is good for the oil market.
Against the background of market worries about the global economic recession, there are still many uncertain factors in crude oil supply. The international crude oil supply as a whole has maintained a stable and tight state, among which, China’s crude oil consumption has always maintained a positive growth trend.
On March 12, the benchmark price of WTI crude oil was 75.72 USD/barrel, up 0.05% from the beginning of this month (75.68 USD/barrel); The benchmark price of Brent crude oil was US $81.59/barrel, down 0.55% from the beginning of the month (US $82.04/barrel)..
In terms of external market, the price of mixed xylene in Asia rose slightly this week. On March 6, the price of mixed xylene imported from South Korea was 7574 yuan/ton, and on March 8, the price was 7624 yuan/ton, up 50 yuan/ton or 0.66% year on year.
In terms of downstream px, the px market was stable this week. The price of PX was 8500 yuan/ton on March 6 and 8500 yuan/ton on March 12, the same as last week.
In terms of OX, the OX price in East China remained unchanged this week, and the demand support for OX cost stabilization remained. It is expected that the OX price will stabilize in the future. The OX price will be 8300 yuan/ton on March 6 and 8300 yuan/ton on March 12, which is the same as last week.
In terms of gasoline, the price of gasoline fell slightly this week, from 8530.6 yuan/ton on March 6 to 8528.2 yuan/ton on March 12, down 2.4 yuan/ton or 0.03% from last week.
3、 Aftermarket forecast
In general, the supply and demand level of the current crude oil market has provided support for the oil price, and has provided the energy for the oil price to move up the center of gravity. Next week, the international oil price will still be boosted by the expectation of China’s demand, and the overall trend may be volatile and upward. The Federal Reserve’s interest rate increase is expected to restrain the rise of the oil price to a certain extent. The supply and demand situation of mixed xylene is improving. With the further improvement of the downstream PX construction, the domestic consumption of mixed xylene is expected to continue to increase, and the end consumption of mixed xylene is expected to be optimistic, and the advantages remain unchanged. Pay attention to the market trend of crude oil and gasoline, the impact of mixed xylene and downstream device dynamics, port inventory, external market, etc. on the price of mixed xylene.
| http://www.gammapolyglutamicacid.com |