Domestic market dynamics of toluene on August 29

1、 Price summary on August 26:

 

PVA

Shijiazhuang refining and Chemical Co., Ltd. offers 7650 yuan / ton, and Qilu Petrochemical Co., Ltd. offers 7600 yuan / ton,

 

Yangba quoted 7650 yuan / ton,

 

Guangzhou Petrochemical quoted 7650 yuan / ton, and Maoming Petrochemical quoted 7600 yuan / ton,

 

Changling Refining and Chemical Co., Ltd. offers 7650 yuan / ton,

 

2、 Fluctuation trend:

 

 

3、 Analysis comments:

 

In terms of crude oil, as the organization of petroleum exporting countries led by Saudi Arabia and its allies (OPEC +) sent a signal to reduce production, the market worried about tight supply, and the oil price was supported to rise.

 

Today, Sinopec South China increased toluene by 100 yuan / ton.

 

The crude oil rose, the external toluene support was strong, the domestic toluene supply was tight, and the market favorable atmosphere remained. The rise of gasoline today led to the rise of toluene spot market.

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