1、 Price trend

According to the price monitoring of the business agency, the market price of asphalt fell this week, and the price of asphalt closed at 3380 yuan / ton, 1.17% lower than that of last week.

2、 Analysis of influencing factors

Product: OPEC + production reduction meeting encountered black swan, the international oil price plummeted, and the current asphalt market is in the off-season stage, the asphalt market price fell this week.

Industry chain: Saudi Arabia and Russia held a joint production reduction meeting to encounter the black swan incident. Saudi Arabia announced on April 7 that it would sharply reduce the official oil price and increase production. Russia and other countries followed up. The crude oil supply is expected to increase significantly, and the international crude oil market plunged more than 40%.

In terms of asphalt Market: the price of crude oil market has dived and the production cost of asphalt has been lowered, and the spot price in Shandong Province has been reduced rapidly; the price of asphalt in East China and South China has also been reduced by 250 yuan / ton; in Southwest China, CNOOC Sichuan has lowered the price of asphalt three times this week, driving the market turnover down; in Northeast China, there are also low-cost sources of goods hitting the market. This week’s asphalt market is in the atmosphere of falling prices, with obvious market wait-and-see mood and poor purchasing enthusiasm, but the overall price drop is limited.

3、 Future forecast

Lu Xingjun, an asphalt analyst with business club, believes that: the international crude oil market price is running at a low level, and there is still a large space for asphalt price to be lowered. It is expected that the asphalt market price will continue to bear downward pressure in the near future.

1、 Price trend

According to commodity data monitoring, the price of Yungui yellow phosphorus fell this week. At the beginning of the week, the average price of yellow phosphorus was 17800 yuan / ton, and at the end of the week, the average price was 17566.67 yuan / ton, with a slight drop of 1.31% in the week.

2、 Market analysis

Product: this week, the market price of yellow phosphorus fell, the number of enterprises driving increased a little, the downstream had strong resistance to high price supply, and the focus of market transaction gradually shifted down. At present, the main quotation of yellow phosphorus in Yunnan is about 17300 yuan / ton. The main quotation in Sichuan is about 17800 yuan / ton. The main quotation of yellow phosphorus in Guizhou is about 17300 yuan / ton. The overall market is light, and traders mainly wait and see.

Industry chain: in terms of upstream phosphorus ore, at present, Guizhou Province offers 330-380 yuan / ton for 30% ammonium phosphate ore car plate, and the actual transaction is 320-330 yuan / ton. The price of 28% grade raw ore pit mouth is 260 yuan / ton, and the price of car board is 320 yuan / ton, so the transaction can be negotiated flexibly. Sichuan region: 28% grade Mabian County delivery price (including tax) refers to 300-320 yuan / ton. The delivery price of 26% grade phosphate ore in Mabian county is 260 yuan / ton, that of 27% grade is 290 yuan / ton, and that of 29% grade is 340 yuan / ton. The actual transaction is mainly negotiated. Yunnan area: 28% grade ammonium phosphate mine mainstream car plate price reference 275 yuan / ton, on-site transportation is not smooth, limiting downstream procurement. The price of 27% grade yellow phosphorus ore car plate is 330 yuan / ton, which can be traded. Panzhihua coke (secondary metallurgical coke) market price, the mainstream price in 1880 yuan / ton, is expected to maintain stability in the short term. Downstream phosphorus trichloride enterprises started steadily, phosphoric acid market maintained stable consolidation, and on-site trading was still relatively light. The phosphate Market is not prosperous, and the enterprise is temporarily waiting for the market. At present, the orders are mainly from old customers.

3、 Future forecast

According to the yellow phosphorus analysts from the chemical branch of business cooperation, the yellow phosphorus market price fell this week, with a small increase in enterprises’ driving. The downstream of yellow phosphorus resisted the high price supply, and the overall market trading was light, which was difficult to form a strong support for the market. It is expected that the yellow phosphorus price will continue to tilt downward.

1、 Price trend

According to the data monitored by the business association (average ex factory price of SG5 by calcium carbide method), the average price of domestic PVC mainstream on February 29 was 6337.5 yuan / ton, down 7.14% compared with 6825 yuan / ton at the beginning of the month (1 day), up 0.6% compared with the same period last year. On March 4, the PVC commodity index was 79.04, up 0.16 points from yesterday, down 20.96% from the cycle’s highest point of 100.00 (2011-09-05), and up 35.64% from the lowest point of 58.27 on December 20, 2015. (Note: cycle refers to 2011-09-01 to now)

2、 Market analysis

Products: February PVC futures are quite volatile, occasionally rebounding, but it is difficult to last. PVC spot price continued to fall, the market is weak. According to the communication between Israel and Israel, during the Spring Festival, PVC manufacturers will reduce the load operation and continuous production. After the Spring Festival, with the commencement of downstream enterprises, the demand increases and PVC inventory gradually decreases. This year, affected by the public health events, the resumption of work of PVC downstream enterprises was delayed again and again, and some construction industries were delayed to April. The demand side of PVC market started slowly and the market trend was not good. At the same time, the transportation is not smooth, PVC sales are difficult, market trading is light, transaction is limited, some production enterprises do not offer, the market is intertwined with many empty, middle traders have a negative mentality, the shipping pressure is large, PVC price pressure is downward. Near the end of the month, with the gradual easing of transportation and the recovery of PVC downstream products enterprises, the market began to have a trace of vitality, but overall downstream demand is still weak, which is difficult to boost PVC. At present, PVC inventory is still at a high level, the number of re manufacturers has increased, the supply is sufficient, the demand side maintains just need to purchase, many enterprises have certain stock before the festival, the demand is not high, the overall situation of supply exceeding demand in PVC market is still the same, the market is weak as normal, if the demand side cannot be recovered, PVC manufacturers may enter the spring maintenance state in advance. According to the data monitoring of business agency, as of March 4, the main quotation range of domestic PVC is 6000-6450 yuan / ton. At present, the mainstream price of pvc5 carbide in Changzhou is around 6150-6320 yuan / ton, the interval price of pvc5 carbide in Hangzhou is between 6180-6350 yuan / ton, and the mainstream price of PVC ordinary carbide in Guangzhou is around 6180-6200 yuan / ton. The real deal can be negotiated.

In terms of Futures: March 3, the main PVC v2005 contract hit a high and fell back, closing at 6270 yuan / ton, which was + 10 yuan compared with the previous trading day; trading volume was 102972, – 8449 hands; positions were 198083, – 3732 hands, basis – 50 yuan, – 40 yuan; 5-9 price difference – 115 yuan, + 0 yuan.

Industry chain: at present, crude oil price is over falling and rebounding. On the one hand, it is affected by the boost of external macro good news. On the demand side, the pessimistic atmosphere of crude oil demand outlook remains unchanged. The three institutions generally lowered the 2020 crude oil demand growth expectation, with a large downward adjustment range. It is expected that crude oil will still fluctuate broadly in the near future under the influence of many market interference factors In the medium and long term, crude oil is not likely to reverse the market and rise sharply. In terms of calcium carbide, the factory price slightly increased, downstream customers’ procurement enthusiasm was general, and the supply of calcium carbide was tight. The aftermarket calcium carbide slightly shakes.

Industry: price monitoring of business agencies: in February 2020, there are 0 commodities in the list of commodity price rise and fall in rubber and plastic sector. There are 14 kinds of commodities falling on a month on month basis, and 10 kinds of commodities falling by more than 5%, accounting for 62.5% of the number of commodities monitored in the sector; the top three products falling are natural rubber (- 15.79%), cis-1-polybutadiene rubber (- 13.22%) and styrene butadiene rubber (- 12.94%). This month’s average rise and fall was – 6.24%.

3、 Future forecast

PVC analysts of the business club think that: at present, the demand side of PVC has improved to some extent, but it is still starting slowly, the trading is average, the spot market price of PVC is generally stable, some enterprises adjust their quotations according to their own, and expect that PVC still has a risk of falling in the short term, and pay attention to the macro level and the recovery of the end enterprises in a timely manner.

1、 Price trend

According to the data monitored by the business association (average ex factory price of SG5 by carbide method), the average price of domestic PVC mainstream on February 27 was 6350 yuan / ton, down 4.33% from 6637.5 yuan / ton on Thursday (20), up 0.79% compared with the same period last year. On February 27, the PVC commodity index was 80.46, down 0.16 points from yesterday, down 19.54% from the cycle’s highest point of 100.00 (2011-09-05), and up 38.08% from the lowest point of 58.27 on December 20, 2015. (Note: cycle refers to 2011-09-01 to now)

2、 Market analysis

In terms of products: Recently, the resumption of PVC downstream products enterprises has improved, but the starting level is low, some workers can not fully arrive at their posts, and some construction industries have not yet resumed their work. In addition, the logistics and transportation in some areas are still not smooth. Overall, the downstream demand is still low, which is difficult to boost PVC. At present, PVC inventory is still at a high level, the number of manufacturers returning to production has increased, the supply is sufficient, the demand side maintains just need to purchase, many enterprises have certain stock before the festival, the demand is not high, the overall situation of supply over demand in PVC market is still the same, the transaction is limited, there is a certain pressure on businesses to ship, the situation is weak and normal, which is difficult to change for a while. According to the data monitoring of business agency, as of February 27, the main quotation range of domestic PVC is 6000-6450 yuan / ton. At present, the mainstream price of pvc5 carbide in Changzhou is around 6200-6360 yuan / ton, the interval price of pvc5 carbide in Hangzhou is about 6200-6350 yuan / ton, and the mainstream price of PVC ordinary carbide in Guangzhou is around 6220-6240 yuan / ton. The real deal can be negotiated.

Futures: PVC main v2005 contract fell slightly, closing at 6295 yuan / ton, compared with – 20 yuan on the previous trading day; trading volume 82030 hands, + 16681 hands; position 213564 hands, – 15275 hands, base difference – 45 yuan, + 0 yuan; 5-9 price difference – 75 yuan, + 0 yuan..

Industry chain: Recently, the price of crude oil has risen, which is good for the ethylene market to keep up with the rise. Therefore, the data analysts of the business agency expect that the price of ethylene will keep a narrow range of shocks in the future, not excluding the possibility of rising. In terms of calcium carbide, the factory price slightly increased, downstream customers’ procurement enthusiasm was general, and the supply of calcium carbide was tight. The aftermarket calcium carbide slightly shakes. Recently, crude oil fell for four consecutive days under the influence of global epidemic warming. The superposition of market risk factors will increase the amplitude of crude oil, and the oversold response of the market will further increase the long-term risk. In the near future, the market or low-level fluctuation will not rule out the possibility of continuing to explore the bottom, and the later crude oil price still needs to wait and see, so the business social data analysts expect that the ethylene price will keep a narrow range of shocks in the future. In terms of calcium carbide, the factory price slightly increased, downstream customers’ procurement enthusiasm was general, and the supply of calcium carbide was tight. The aftermarket calcium carbide slightly shakes.

Industry: according to the price monitoring of the business agency, on February 27, 2020, there are three kinds of commodities in the list of rise and fall of bulk commodity prices, among which the top three commodities are cis-1.01%, styrene butadiene rubber (1.01%) and HDPE (0.45%). There are 5 kinds of commodities falling on a month on month basis. The top 3 products falling were ABS (- 4.14%), PA6 (- 2.28%) and natural rubber (- 1.11%). The average price of this day was – 0.37%.

3、 Future forecast

PVC analysts believe that: at present, the PVC manufacturers’ operating rate has increased, while the downstream demand is not strong, the market turnover is general, and it is expected that the PVC market is still weak in the short term.

1、 Price data:

2、 Trend analysis

Price: according to the data monitoring of the business agency, the first round of increase and decrease in the domestic coke market started in February, with a decrease of 50-100 yuan / ton. At present, the mainstream price of secondary metallurgical coke in Shanghai is 1930 yuan / ton, and the mainstream price of quasi primary metallurgical coke is 2000 yuan / ton; the mainstream price of secondary metallurgical coke in Xuzhou is 1900 yuan / ton, and the mainstream price of quasi primary metallurgical coke is 1970 yuan / ton; the mainstream price of secondary metallurgical coke in Weifang, Shandong Province is 1850 yuan / ton, and the mainstream price of quasi primary metallurgical coke is 1900 yuan / ton; the mainstream price of secondary metallurgical coke in Taiyuan, Shanxi Province is 1750 yuan / ton, and the mainstream price of quasi primary metallurgical coke is 2000 yuan / ton The mainstream price of metallurgical coke is 1800 yuan / ton; the mainstream price of secondary metallurgical coke in Mudanjiang, Heilongjiang Province is 1790 yuan / ton, and the mainstream price of quasi primary metallurgical coke is 1850 yuan / ton; the mainstream price of secondary metallurgical coke in Shenyang, Liaoning Province is 1820 yuan / ton, and the mainstream price of quasi primary metallurgical coke is 1880 yuan / ton; the mainstream price of secondary metallurgical coke in Pingdingshan, Henan Province is 1900 yuan / ton, and the mainstream price of quasi primary metallurgical coke is 2000 yuan / ton; Tangshan, Hebei Province The mainstream price of secondary metallurgical coke is 1840 yuan / ton, and the mainstream price of quasi primary metallurgical coke is 1890 yuan / ton; the mainstream price of secondary metallurgical coke in Tianjin is 1850 yuan / ton, and the mainstream price of quasi primary metallurgical coke is 1950 yuan / ton; the mainstream price of secondary metallurgical coke in Panzhihua coke market in Sichuan is 2080 yuan / ton; the mainstream price of secondary metallurgical coke in Liupanshui coke market in Guizhou is 2170 yuan / ton; the mainstream price of secondary metallurgical coke in Ordos coke market The main price of metallurgical coke is 1500 yuan / ton. The port trades about 2100 yuan / ton of primary metallurgical coke, 2000 yuan / ton of quasi primary metallurgical coke and 1900 yuan / ton of secondary metallurgical coke.

Product: in February, the domestic coke market as a whole stabilized first and then fell. In the first half of February, due to the limited domestic transportation, the poor arrival of raw materials and coking coal, the start-up of coke enterprises declined, and the demand of downstream steel plants was flat, so the coke price was running smoothly. Near the end of the month, the transportation situation improved, the arrival of raw materials increased, and the start-up of coke enterprises continued to improve. However, the enthusiasm of procurement intention of downstream steel plants was not high, and some steel plants were intensely depressed due to inventory problems.

Industry: according to the price monitoring of the business agency, there are two kinds of commodities in the list of rise and fall of bulk commodity prices on February 27, 2020. The top two commodities are gasoline (0.40%) and diesel (0.27%). There are 9 commodities falling on a month on month basis, with Brent crude oil (- 2.67%), liquefied gas (- 2.54%) and WTI crude oil (- 2.34%) as the top three products.

3、 Future forecast

According to the coke analysts of the business association, at present, the operation of some coke enterprises is gradually improving, the finished materials and coke inventory of downstream steel plants are all high, and the recent maintenance and production restriction plans are increasing, the demand for coke is insufficient and the intention to suppress the price of coke is obvious, and it is expected that the coke market will still be under pressure in a short period of time.

1、 Price trend

This week, the domestic cyclohexanone market was weak. According to the monitoring data of the business agency, the average price of domestic cyclohexanone producers at the beginning of the week was 7383 yuan / ton, and the price of cyclohexanone at the end of the week was 7350 yuan / ton, down 0.45% in the week. The price was 0.45% lower than that of the same period last month and 21.67% lower than that of the same period last year.

2、 Market analysis

Product: the market of cyclohexanone was weak this week, with light trading. The pure benzene market is weak and downward, and the cost side is not stable, but the downstream caprolactam deficit factories maintain low load operation. Most of the factories have met the supply of caprolactam, and they basically do not need to take out cyclohexanone. The solvent factories are slow to return to work, and the demand for cyclohexanone in their own solvent market is too small, the overall market demand is sluggish, the transaction is weak, and the market shipment is released Slow, cyclohexanone to maintain low load operation, part of the factory high price offer down 100 yuan / ton.

Industrial chain: in terms of raw materials, pure benzene: affected by the three consecutive declines in crude oil in the week, the prices of bulk commodities and external market fell, and the peripheral support of pure benzene weakened. In the week, the terminal enterprises returned to work one after another, but the progress was slow. Styrene and phenol directly downstream of pure benzene still faced a large shipping pressure, the load continued to be low, and the enthusiasm for the delivery of pure benzene was not high. The inventory pressure of the main refineries was relatively high, and the listing was lowered from 150 yuan / ton to 5350 yuan / ton on the 26th. Although some participants speculated that the spread of health events in South Korea might lead to the possibility of reducing the subsequent arrival of pure benzene in East China, hoping to support the price, the price in East China remained volatile and weak.

Caprolactam: this week, the caprolactam market fell slightly, the sentiment in the market was still pessimistic, the process of terminal resumption was slow, the staff of the downstream small and medium-sized enterprises were still short of jobs and orders, the actual demand was not improved for the time being, the low price of polymerization chips and the shipment had not yet restricted the enthusiasm of raw material procurement, and the manufacturers with high caprolactam storage location negotiated the shipment according to their own conditions, North China raised 100 yuan / ton, while East China’s price still fell.

Adipic acid: this week, adipic acid is in a chaotic downward trend. It is worth noting that most industries and enterprises in the downstream have been recovering in succession, and the logistics and transportation situation has basically improved. However, the overall load in the downstream is not high, the rigid demand for raw materials is small, and the purchase is cautious, and the production and sales are gradually weakening. However, the weak raw material end and the bad news on the periphery hit the market confidence more obviously. In the week, crude oil returned to the bottom of the “5″ word again, breaking a new low in the past year. The main raw material of adipic acid, pure benzene, was also weak on the outside. The listing of the main business reduced 150 yuan / ton, making the negative mentality more obvious at the same time

3、 Future forecast

From the perspective of cost, crude oil and pure benzene are in weak operation, and the cost support is insufficient; on the demand side, due to the sluggish demand of the terminal market, downstream caprolactam maintains low load operation, and the demand for solvent is less, and it is expected that the purchase demand for cyclohexanone is still low. However, the recent shipment of cyclohexanone is not smooth, and the social inventory pressure is too high. According to the analysis of cyclohexanone in the business society, the market of cyclohexanone in the short term is biased Weak operation.

Market Overview:

According to the monitoring of bulk data from the business agency, the dichloromethane market in Shandong fell first and then rose. At the beginning of the month, the average price of dichloromethane was 2570 yuan / ton, which fell to 1900 yuan / ton in the middle of the month, down 26.07%. At the end of the month, it rose to 2480 yuan / ton, up 30.53%, and fell 3.5% in the whole month.

Market analysis:

Product: affected by the epidemic situation, the downstream market demand is hard to recover, and the dichloromethane enterprises are still able to start work, with high inventory. Before the middle of February, the enterprises continued to reduce the inventory pressure and reduce the price for shipment; after the middle of February, the dichloromethane production enterprises in Shandong generally stopped to reduce the load, including Shandong Jinling 440000 tons / year device, Dongying Jinmao a set of 40000 tons / year still in the state of stop, Luxi The 400000 T / a chemical plant and 280000 T / a plant in Dongyue, Shandong Province are in semi negative operation, so the inventory of the enterprise is also reduced, and the quotation of the enterprise continues to rise. At present, most enterprises in Shandong Province pay more attention to inventory pricing, and the main quotation is about 2430-2500 yuan / ton; the quotation in Jiangsu Province is about 2900 yuan / ton; the quotation in Jiangxi Liwen is about 2750 yuan / ton.

Industry chain: in the upstream, the terminal enterprises in the natural gas market have a high enthusiasm for resumption of work, the market demand has increased, the overall delivery and investment has turned better, the liquid price has been rising continuously, and it will fall back towards the end of the month, at present, about 3053 yuan / ton; in the upstream, the methanol production enterprises in the main production areas of Shaanxi and Mongolia are temporarily available for shipment, the traders are mainly in charge of receiving goods, some of them are connected with the bidding of the downstream enterprises, and the transportation vehicles are recovering At present, there is no obvious change in the start-up of downstream enterprises, with partial replenishment as the main part, at about 2022 yuan / ton; the overall supply and demand of the liquid chlorine market are weak, and the enterprise has a strong attitude towards price fixing, but the trade and investment in the industry is poor, at present, about 100-300 yuan / ton. In the downstream, the domestic refrigerant market is still at a low level, and the intra industry trading is relatively weak; the pharmaceutical and agricultural market and solvent industry are not at a high level, the demand is flat, and the price support for dichloromethane is insufficient.

Future forecast:

According to the data analyst of methane chloride of business association, at present, dichloromethane enterprises in Shandong province mostly depend on inventory pricing, and the start-up of enterprises is still at a low level. The situation of tight spot supply is hard to recover in a short time. However, the downstream market is just in need, and the trading is flat, and it is expected to be stable and upward in a short time.

This week (2.17-2.21) the price of NBR continued to be weak. According to the monitoring, the price at the beginning of the week was 15800 yuan / ton, and the price of NBR at the end of the week was 15733 yuan / ton, slightly down 0.42%.

From the aspect of raw materials, the price of raw materials is low, and the cost is negative in the face of NBR: according to the understanding of the business community, the ex factory price of raw materials butadiene and acrylonitrile is all the way down due to the fall of crude oil price, and as of February 21, the price of butadiene is 6393 yuan / ton; the price of acrylonitrile Sinopec Chemical Sales North China and East China company is reduced to 9500 yuan / ton in February.

From the perspective of NBR enterprises, the overall operating rate of NBR enterprises has declined, some of the prices of NBR are stable, and most of them are not quoted. According to the business agency, the NBR unit of Lanzhou Petrochemical Co., Ltd. operates normally, with stable ex factory price. At present, n41e reports 15000 yuan / ton, 3305e reports 15500 yuan / ton, and 3308e reports 15600 yuan / ton. During the shutdown of shunze NBR unit in Ningbo, the main market price of NBR 3355 is 15000-15400 yuan / ton. Nandi NBR unit operates normally, and the main market price of NBR 1052 is 16300-16800 yuan / ton.

In terms of the downstream, at present, the resumption of work in the downstream is still slow. In addition, the traffic has not yet fully recovered, the delivery of NBR is not ideal, and the procurement strength in the downstream is weak, which has a strong negative effect on NBR.

Outlook for the future

According to the NBR analysts of the business agency, the sharp decline in the price of raw materials and the overall low price of goods in the industry have formed a negative situation for NBR, and it is expected that the NBR market will maintain a slight weak situation in the later stage.

1、 Price trend

According to the data monitored by the business agency, the price of domestic potassium nitrate was slightly higher this week. At the beginning of the week, the price of domestic industrial grade first-class potassium nitrate was 4337.50 yuan / ton, and at the end of the week, the price of domestic industrial grade first-class potassium nitrate was 4350.00 yuan / ton, an increase of 0.29%. The current price was 3.06% lower than last year.

2、 Market analysis

Products: this week, the domestic potassium nitrate Market was slightly explored. Due to the impact of the epidemic, the potassium nitrate enterprises are in the process of resumption. Now, Wentong potash Group Co., Ltd., Wenshui Zhenxing chemical fertilizer Co., Ltd. and Jiaocheng County Hesheng Chemical Co., Ltd. have resumed their work. The domestic and imported supply of potassium chloride in the upstream is sufficient, and the current price is stable. To support the cost of potassium nitrate, the trading atmosphere of potassium nitrate Market is fair, the downstream maintains just need to purchase, and the market of potassium nitrate is slightly explored. Domestic mainstream manufacturers of potassium nitrate offer 4200-4500 yuan / ton.

3、 Future forecast

Potassium nitrate analysts of the business association think: this week, the market of potassium nitrate is slightly up, potassium chloride is relatively stable as a whole, and the price fluctuation is not big. It is expected that the market of potassium nitrate will be consolidated in the short term.

1、 Price trend

The domestic toluene market fell slightly this week, down 1.19% as of Friday, according to the data in the business club’s bulk list.

2、 Analysis and comment

1. Product: affected by high inventory and low downstream operating rate, the price of toluene in domestic market continues to bottom out this week. At present, the mainstream price in East China is about 5100 yuan / ton.

2. Industrial chain:

Upstream, in terms of crude oil, the overall international oil price this week showed a shock rebound trend. As of Friday, Brent rose 4.07% at sight, Brent futures rose 2.03%, WTI futures rose 2.20%, and Dubai futures rose 0.31%.

On the downstream side, in terms of TDI, the current external market is about US $660 / T FOB Ara. Domestic enterprises have not yet returned to work and have not yet made a quotation. It is expected that the future TDI market will follow suit. In PX market, the domestic market price this week is about 6300 yuan / ton, and the latest price on the outside market is about 717 US dollars / ton FOB South Korea and 737 US dollars / ton CFR China. It is expected that PX market price will maintain a stable trend next week.

 
3、 Future forecast

Toluene analyst of business and chemical branch said: continue to focus on the trend of crude oil next week. In general, with the return to work of the enterprise approaching, the superimposed crude oil price takes the lead in stabilizing and rebounding. It is expected that the toluene market will experience a small shock and rebound trend next week.