I. price trend
According to the data of the bulk list of business agencies, the market turnover has gradually improved and the port inventory has remained low. This week, the domestic toluene market rebounded slightly by 0.44%.
II. Analysis and comment
| Thiourea dioxide |
1. Products: compared with last week, the market price of this week is stable, slightly lower, and the transaction is active. At present, the mainstream price in East China is about 5650 yuan / ton. According to the feedback from traders, last week’s price stability increased and port inventory remained low, about 20000 tons.
2. Industrial chain:
Upstream, in terms of crude oil, this week’s oil prices were generally volatile, with Brent up 0.67% at sight, Brent futures up 0.03%, WTI futures up 0.48% and Dubai futures down 0.69%.
| Thiourea |
On the downstream side, TDI, the domestic TDI market fell slightly this week, and the attitude of the industry tends to be cautious. The price of domestic goods delivered with bills is 11100-11200 yuan / ton, and that of Shanghai goods delivered with bills is 11300-11500 yuan / ton. It is expected that the TDI market will maintain a weak shock later. In PX market, the domestic PX price trend is stable this week, and the external market trend is slightly fluctuating. The price is about 773-775 US dollars / ton FOB South Korea and 794-796 US dollars / ton CFR China. It is expected that the market price of PX will decline slightly in the short term.
III. future forecast
According to xylene analyst of business and chemical branch, we will continue to focus on market turnover and port inventory next week, as well as the progress of Sino-U.S. 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 slightly next week.
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