Price Trend

According to the data from the business associations’list, the overall price of toluene in China dropped this week. At the beginning of the week, the average price of toluene was 5,525 yuan/ton, while on Friday, the average price of toluene was 5,463 yuan/ton, with a weekly decline of 1.11%.

II. Analytical Review

1. Upstream: For international crude oil, this week’s overall high oil price shocks, the average value continues to rise, oil prices are rising steadily, spot Brent 70.87-71.185 US dollars per barrel. The high volatility of crude oil outside the plate, the toluene market has also been shaken and adjusted.

2. FOB Korean toluene reference price was stable, rising from $703/ton at the beginning of the week to $710/ton on Tuesday, and then remained stable (closing on Friday). The import reference price in East China fluctuated with a price range of $707-720/ton.

This week, Sinopec’s listing price was generally stable, with the price of South China lowered by 100 yuan per ton. Domestic TRADERS’quotations fluctuate with market turbulence.

3. Downstream: Port stocks have decreased slightly, and the stocks in East China are about 70,000 tons. The overall downstream demand is not high, the focus of market negotiations has fallen, and the atmosphere was once negative.

3. Future Market Forecast

The toluene analyst of Business Society Chemical Branch thinks that in general, the toluene plant of large factories has entered the period of overhaul in recent years, and the output has decreased slightly. The international crude oil high shocks, the market is ideal; toluene market atmosphere is not good, but market participants do not short the future market, so it is expected that toluene prices will remain slightly shocked adjustment in the near future.