1、 Price trend
| Benzalkonium chloride |
According to the data of the trade agency’s bulk list, toluene rebounded slightly after falling this week. On August 5, the price was 7560 yuan / ton, and on Friday (August 12), the price was 7460 yuan / ton, down 1.32% from last week; Up 29.24% over the same period last year.
2、 Analysis and comment
In the early stage, due to the weakness of crude oil and the poor market demand, the domestic toluene market mentality was empty, and the price was weak and fell. In the second half of the week, with the improvement of the terminal gasoline market and the widening of the price difference between toluene and xylene, the enthusiasm for purchasing toluene in the downstream increased. Supported by the demand, toluene rebounded slightly.
On the external market, toluene in Asia fell this week. On Thursday (August 11), the price of imported toluene from South Korea was US $890 / T, a year-on-year decrease of US $52 / T, a decrease of 5.52%.
In terms of crude oil, US gasoline inventory dropped sharply this week, and gasoline demand rebounded significantly; In addition, the International Energy Agency raised its forecast of oil demand growth this year, and the pressure of demand decline was relieved. The oil price fluctuated and rose during the week. As of August 12, Brent price in this week increased by 3.23 USD / barrel or 3.4% compared with last week; WTI rose by US $3.08/barrel or 3.46%.
Downstream: in terms of TDI, the price of TDI in East China rose this week. On August 5, the price was 15800 yuan / ton, and on August 12, the price was 16525 yuan / ton, an increase of 4.59% over last week and 14.56% over the same period last year.
| Sodium Molybdate |
In the PX market, the domestic PX price was stable this week. On August 5, the price was 9000 yuan / ton, and on Friday (August 12), the price was 9000 yuan / ton. Compared with last week, the price was the same, an increase of 23.29% over the same period last year.
In terms of gasoline, the price of gasoline in Shandong Province fluctuated upward this week. On August 5, the price was 8555 yuan / ton, and on August 12, the price was 8656 yuan / ton, an increase of 1.18% over last week and 14.28% over the same period last year.
3、 Future forecast
In terms of crude oil, the oil market is stuck. The international oil price is still swaying in the expectation that the economic recession risk will affect demand and supply tension, and the trend is full of uncertainty. Continue to pay attention to the impact of geopolitical situation, OPEC + decision on crude oil production, US crude oil and refined oil storage dynamics, global economic situation, etc. on crude oil prices.
Cost side: the crude oil trend is still uncertain, and the cost side is unstable; Demand side: the demand for gasoline blending increases, but the downstream demand of chemical industry continues to be weak. In general, toluene may fluctuate in a narrow range. Pay attention to the impact of crude oil, external market trend, toluene unit dynamics and downstream demand on prices.
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