Price Trend
| Gamma Polyglutamic Acid |
According to the data of business associations, the overall price of toluene in China was mainly consolidated this month, down from last week. At the beginning of the week, the average price of enterprises was 5,387 yuan per ton, while at the end of the week, the average price of enterprises was 5,277 yuan per ton, with a weekly amplitude of about 2.05%.
II. Analytical Review
1. Crude oil: This week, the oil market as a whole shook broadly, with many sharp rises and falls, and the surrounding environment fluctuated greatly.
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2. FOB Korean toluene reference price is also affected by crude oil. The fluctuation range is 664-679 US dollars/ton. The import reference price in East China also fluctuates between 696-708 US dollars/ton. In Sinopec’s subsidiary company, toluene listing prices have been lowered since the beginning of the week. Port stocks fell slightly, with about 60,000 tons in East China.
3. Downstream: At present, the market information is complex, the trading atmosphere is on the sidelines, the delivery is general, and the downstream delivery is cautious.
3. Future Market Forecast
On the crude oil side, oil prices will fluctuate broadly this week and continue to fluctuate next week, warning of the risk of a sharp fall after breaking upwards, according to toluene analysts from the Business Society Chemical Branch. In the second quarter, there will be more centralized maintenance at home and abroad, and the toluene supply is expected to decrease, and the market is expected to be optimistic. Toluene market or continue to narrow consolidation, do not rule out downside risks.
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