Current market situation and future market forecas

2022-09-22
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Current market situation and future market forecast of some organic liquid chemicals

international market

toluene:

due to the higher crude oil price, the spot price of toluene closed up $42/ton to $778/ton this week (FOB Korea, equivalent to RMB 7858/ton)

solvent xylene:

the price of solvent xylene fell by $30/ton to $770/ton due to weak downstream demand this week (FOB Korea, equivalent to 7777 yuan/ton)

pure benzene:

supported by the slight rise in crude oil prices and the reduction in resource supply, the spot price of pure benzene soared by US $70/ton to US $964/ton this week (FOB Korea, equivalent to RMB 9736/ton).

styrene:

affected by the sharp rise in the pure benzene market and tight resource supply, the spot price of styrene closed up by US $35/ton to US $1255/ton this week (FOB Korea, equivalent to RMB 12562/ton)

ethylene glycol:

driven by increased purchase interest, reduced resource supply and speculation by traders, MEG spot price rose by $15/to $840/ton this week (CFR main port of China, equivalent to RMB 8484/ton.

domestic market at least now

(1) one week market analysis

pure benzene, toluene Xylene:

due to the immediate termination of the experimental enterprise in case of accidents caused by the stone universal experimental machine, the xylene market in East and South China continued to remain depressed this week, with the price falling by 100 yuan/1.1 tons under the condition of abiding by the transportation, management, device and application rules of the experimental machine; Affected by the weak atmosphere in the xylene market, the market demand for toluene and pure benzene has weakened, and the price has loosened by 50 yuan/ton; The market price of pure benzene rose by yuan/ton due to the sharp rise in the external market and the lack of resources. At present, the market prices in East China and South China are: (East China) and South China (toluene); 8000 South China -8600 East China (xylene); 7900 East China -7950 South China (pure benzene)

styrene:

driven by the sharp rise in the external market and the sharp decline in the arrival of imported goods, at present, traders are more reluctant to sell. This week, the market in East and South China has warmed up, and the price soared by 400 yuan/ton, in yuan/ton (East China) and yuan/ton (South China). Ethylene glycol: supported by the small rise in the external market and the rebound in downstream demand, the ethylene glycol market in East and South China improved this week, and the price rose steadily by yuan/ton, at yuan/ton (East China) and yuan/ton (South China)

ethylene glycol:

supported by the small rise in the external market and the recovery of downstream demand, the ethylene glycol market in East and South China improved this week, and the price rose steadily by yuan/ton, at yuan/ton (East China) and yuan/ton (South China)

(2) market forecast for next week:

toluene, xylene and pure benzene Market:

due to the certain influence of the products of the outer disk company in the industry and internationally, and the rise of crude oil prices, toluene and pure benzene have increased significantly; Due to the impact of the increase in the arrival of imported resources and the weak downstream demand, as well as the high inventory of petrochemical enterprises and the involvement of a large number of traders selling goods at low prices for cash out, the overall negotiation atmosphere is weak, and the xylene price is difficult to make a breakthrough in the short term, and will still decline to the bottom; Due to the recent low arrival of toluene and the positive peak demand season, there is a certain upward space, but the range is not large, mainly due to the relatively slow demand follow-up and the arrival of imported resources; Considering the high international market of pure benzene; While the domestic market price is relatively low, there is still some arbitrage space. Therefore, next week's trend: xylene oscillates lower; Toluene weak consolidation; Pure benzene rose slightly

Styrene Market:

at present, downstream manufacturers and traders in East and South China are more interested in purchasing, and the price once went up, but if the price rises, it will cause downstream manufacturers and traders to resist at high prices. Therefore, the trend of next week: continue to maintain the oscillation pattern, basically around the current price up and down

ethylene glycol Market:

affected by the increase in downstream demand, the strengthening of traders' reluctance to sell, and the reduction of imported goods, at present, traders in East and South China are tentatively bidding high prices for ethylene glycol, and the transaction has yet to be recovered. However, considering that traders and downstream manufacturers are cautious in receiving goods or wait-and-see, traders and downstream manufacturers lack confidence in following the rise, but most of them are high price resistant, and the space to go higher is limited; Therefore, the trend of next week: ethylene glycol oscillated and consolidated on the basis of this week's price

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