1、 Price trend

According to the data in the business club’s bulk list, the domestic toluene market gradually stabilized and rebounded this week, up 0.4% as of Friday.

2、 Analysis and comment

1. Product: affected by the stable rebound of international crude oil price and the continuous rise of toluene price in South Korea market, domestic enterprises have entered the resumption period, the market demand has gradually improved, and the domestic toluene price has gradually stabilized. At present, the mainstream price in East China is about 5250 yuan / ton.

2、 Industrial chain:

Upstream, in terms of crude oil, the international oil price continued to rebound this week. As of Friday, Brent rose 5.71%, Brent futures rose 4.42%, WTI futures rose 2.98%, and Dubai futures rose 3.01%.

In terms of downstream, TDI, the current external market is about US $672 / T fobara, and the quotation of domestic enterprises is about 11000 + yuan / T. affected by the weak demand of downstream, it is expected that the future TDI market will maintain a stable trend of weak market. In terms of PX market, the domestic market price this week is about 6300 yuan / ton, and the latest price in the external market is about 732 US dollars / ton FOB South Korea and 750 US dollars / ton CFR China. It is expected that the PX market price will maintain a stable trend next week.

3、 Future forecast

Toluene analyst of business and chemical branch said: next week, we will continue to focus on the trend of crude oil and the progress of downstream enterprises’ resumption. On the whole, it is expected that the prices of international crude oil market and South Korean toluene market will be subject to shock correction, but under the expectation that domestic enterprises will gradually enter the resumption period and the market demand will gradually improve, the price of toluene in the domestic market will be subject to slight shock next week.