I. price trend
The domestic toluene market rebounded slightly 0.65% this week due to the rebound in international crude oil prices, according to the data in the business club’s bulk list.
| Thiourea dioxide |
II. Analysis and comment
1. Products: compared with last week, this week’s market trading is light, and the volume continues to shrink. At present, the mainstream price in East China is around 5400-5450 yuan / ton. According to the feedback from traders, last week’s trading volume was average, and the port inventory decreased slightly, about 29000 tons.
2. Industrial chain:
Upstream, crude oil, this week’s oil price shock correction, spot Brent up 3.63%, Brent futures up 3.39%, WTI futures up 1.56%, Dubai futures up 4.17%.
| Thiourea |
Downstream, TDI, the domestic TDI market atmosphere is still weak, it is expected that the late TDI market weak finishing. In PX market, the trend of domestic PX price this week is temporarily stable, while the price of external market fluctuates slightly. It is expected that the market price of PX in the short term will maintain about 6800 yuan / ton.
III. future forecast
Xylene analysts from business and Chemical Bureau said: next week, we will continue to focus on the progress of China US trade negotiations and the expected fluctuation of crude oil demand due to the weak prospect of global economic indicators. Overall, it is expected that the toluene market will continue to fluctuate steadily next week.
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