Domestic market dynamics of toluene on April 11

1、 Price summary on April 8:

 

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The quotation of Shijiazhuang refining and chemical company is 7200 yuan / ton, and that of Qilu Petrochemical Company is 7250 yuan / ton,

 

Yangba offers 7450 yuan / ton,

 

Guangzhou Petrochemical offers 7300 yuan / ton, Maoming Petrochemical offers 7250 yuan / ton,

 

Changling Refining & Chemical Co., Ltd. offers 7550 yuan / ton,

 

2、 Fluctuation trend:

 

3、 Analysis and comments:

 

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In terms of crude oil, the market was bearish, the supply and demand fundamentals were still affected by the situation in Russia and Ukraine, and the market was worried about the long-term impact of the release of oil reserves on the market, and the international oil price rebounded.

 

Today, the price of toluene in South China of Sinopec decreased by 100 yuan / ton.

 

Although crude oil rebounded last Friday, under the influence of domestic public health events, logistics and transportation were blocked, gasoline prices continued to fall, toluene market fundamentals were weak, operators’ mentality was poor, and prices weakened.

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