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Domestic market dynamics of mixed xylene on June 27

1、 Price summary of mixed xylene on June 24:

 

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Qingdao Refining & Chemical Co., Ltd. offers 8100 yuan / ton, and Shijiazhuang Refining & Chemical Co., Ltd. offers 7950 yuan / ton,

 

Jiujiang Petrochemical offers 8200 yuan / ton, and Yangba offers 8000 yuan / ton,

 

Guangzhou Petrochemical offers 8500 yuan / ton, Maoming Petrochemical offers 8500 yuan / ton,

 

Changling Refining & Chemical Co., Ltd. offers 8200 yuan / ton,

 

Xinhai Petrochemical offers 8200 yuan / ton.

 

2、 Fluctuation trend:

 

 

3、 Analysis and comments:

 

In terms of crude oil, the market has returned to fundamentals, and the supply price of crude oil is under tight support. However, affected by the expectation of interest rate hikes by many central banks across the country, the market is worried about the economic recession, and the oil price is still fluctuating in the range.

 

Crude oil rebounded last Friday, while mixed xylene in Asia fell. Downstream demand is limited, terminal gasoline is weak, market negotiation is light, and mixed xylene is weak.

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Consolidation of dichloromethane market (6.17-6.24)

According to the data monitoring of business agency, the dichloromethane market was shaken and consolidated this week (June 17-june 24). As of June 24, the average price of dichloromethane bulk water in Shandong was 3440 yuan / ton, down 0.22% from 3447 yuan / ton on June 17. The low point of the week was 3395 yuan / ton, and the high point of the week was 3452 yuan / ton.

 

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Although Jinling and other individual enterprises’ methane chloride plants are operated with reduced load, the domestic methane chloride plants are still operating at a high level, and the supply is still under great pressure. The downstream market demand is stable and weak.

 

This week (6.17-6.24), the spot price of methanol decreased slightly, and the cost side weakened. According to the business agency, as of June 24, the spot price of methanol was 2655 yuan / ton, down 2.12% from 2712 yuan / ton on June 17.

 

Future forecast: according to the methane chloride data analyst of the business community, the Jinling unit has reduced its negative operation, but the domestic supply of methane chloride is still loose, and the cost is lower. It is expected that dichloromethane will continue to be weak and volatile in the later period.

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On June 23, the acetic acid market continued to rise

Trade name: acetic acid

 

Latest price (June 23): 4012.50 yuan / ton

 

Key points of analysis: today, the market price of acetic acid rose. The average market price in East China increased by 0.31% compared with the previous working day. The market price of acetic acid was low, the downstream inquiries increased, the trading atmosphere in the floor improved, the attitude of shippers was optimistic, the offer was raised, and the downstream demand continued to be dominated by rigid demand, with limited positive support.

 

Future forecast: the short-term acetic acid market may rise slightly, and the price fluctuation is not large. Please pay attention to the market transaction.

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On June 22, the cryolite market was firm and stable

Trade name: cryolite

 

Latest price (June 22):7600 yuan / ton

 

Key points of analysis: today’s cryolite market is temporarily stable, and the average production price in Henan is flat compared with the previous working day. Due to the shortage of upstream raw materials and high fuel prices, the production cost of the enterprise is high. Most of the cryolite devices in the site operate at low load. The inventory of the manufacturer is tight. The downstream demand is OK. The purchase follows up smoothly. The shipment of the enterprise is relatively smooth, and the quotation of the cryolite manufacturer remains high.

 

Future forecast: the short-term cryolite market will continue to wait and see and pay attention to the market supply.

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On June 21, the domestic urea price rose by 0.45%

Trade name: urea

 

Latest price (June 21):3094.00 yuan / ton

 

On June 21, the domestic comprehensive urea price stopped falling and rose, increased by 14 yuan / ton compared with the price on June 20, or 0.45%, and increased by 15.45% compared with the same period last year. The upstream cost is generally supported, the downstream agricultural demand is weakened, and the industrial demand is dominated. The daily output of urea decreased slightly and the supply was insufficient. In the future, urea rose in a narrow range.

 

In the future, it is expected that the ex factory price of urea in Shandong may rise slightly, and the average price quoted by the manufacturer is about 3010 yuan / ton.

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