As of August 17 closing: FOB Korea closing price at $906.50 / ton, up 1.51% from last weekend’s value; FOB U.S. Gulf closing price at 374.95 cents / gallon, up 0.27% from last weekend; FOB Rotterdam closing price at $1188.50 / ton, down 1.25% from last weekend’s value, down 25.08% from last month’s price. International foreign prices collectively lowered, the lack of support for domestic toluene.
Domestic market
The domestic market has recently rebounded, toluene East China market price shock upward, as of 19, East China price negotiations at 7450 yuan / ton; South China market prices rose broadly, 19 market price negotiations at 7650 yuan / ton.
Overall, the toluene market collective up run, some of the domestic downstream refinery warming restart in, but the demand side is still weak, procurement just demand-oriented; recent crude oil price shocks unstable, part of the big plant to resume work, production increased, external shipments but a small amount, coupled with the port shipments to the port concentration, to the amount is far less than the consumption, East China port inventory surface reduced; the current cost side of the market shocks unstable, the lack of follow-up downstream, the short term The market is limited in the positive market boost, toluene market price range oscillation hovering.
Toluene refinery units around the majority of normal operation, part of the export sales part for their own use, Sinopec, PetroChina system aromatics plant start-up rate is stable, part of the plant parking maintenance.
According to the statistics, this week’s domestic toluene East China port inventory of about 35,300 tons, South China port inventory of 0.1 million tons; compared with last week’s inventory decline. The total capacity of port inventory decreased and the pressure on the storage capacity weakened.
Overall, the crude oil supply and demand side of the strong run, crude oil prices are expected to shake down next week; and the recent toluene market price recovery, downstream follow-up is limited, the actual single transaction is relatively light, in the short term, the toluene market is expected to market may range oscillating operation is dominated by price negotiations in the range of 7400-7550 yuan / ton fluctuations; price changes in the range of 100-300 yuan / ton.
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