Domestic market dynamics of toluene on June 20

1、 Price summary on June 17:

 

Thiourea

Shijiazhuang Refining & Chemical Co., Ltd. offered 8800 yuan / ton, and Qilu Petrochemical Co., Ltd. offered 8700 yuan / ton,

 

Yangba offers 9150 yuan / ton,

 

Guangzhou Petrochemical offers 9050 yuan / ton, Maoming Petrochemical offers 9000 yuan / ton,

 

Changling Refining & Chemical Co., Ltd. offers 9200 yuan / ton,

 

2、 Fluctuation trend:

 
3、 Analysis and comments:

 

In terms of crude oil, European and American countries announced interest rate hikes, which intensified the market’s concern about economic slowdown. In addition, Russia hinted that it would increase oil exports, and the high oil price fell back.

 

Sinopec East China toluene cut 350 yuan / ton today.

 

Crude oil fell sharply last Friday, superimposed on the decline of toluene in the external market and the lack of external information, superimposed on the weakening of downstream gasoline prices and the increase of low-end negotiations on toluene.

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