First, the price trend

According to the sample price monitored by the business community, the toluene market trend rose this week. The comprehensive price of toluene this week rose from 6,451 yuan / ton on August 20 to 6,151 yuan / ton on August 24, up 60 yuan / ton, or 0.94%. Overall, the toluene market rose this week, up 26.12% year-on-year.

Second, the trend analysis

(1) Products:

The comprehensive price of toluene rose this week. From the manufacturer’s point of view, the average price of the factory price of toluene manufacturers this week fell first and then rose. The quotation fell from 6410 yuan/ton on August 20 to 6403 yuan/ton on August 22, down 7 yuan/ton, down 0.1%; then rose to 6467 yuan/ton on August 24, and rose. 63 yuan / ton, an increase of 0.99%. From the dealer’s point of view, the average price of toluene distribution this week rose first and then fell. The price rose from 6,547 yuan/ton on August 20 to 6,650 yuan/ton on August 23, up by 103 yuan/ton, or 1.57%; then fell to 6612 yuan/ton on August 24, and fell. 38 yuan / ton, down 0.56%. Overall, the overall price of toluene rose this week, with little increase.

(2) Industry chain:

Upstream market conditions: This week’s naphtha offer rose. The quotation rose from 6625 yuan/ton at the beginning of the week to 6,758 yuan/ton at the weekend, up 133 yuan/ton, or 2.01%, up 47.35% year-on-year. The rise in upstream prices has a negative impact on toluene.

Downstream market conditions: TDI distribution prices fell this week. The quotation fell from 31,300 yuan / ton at the beginning of the week to 30,700 yuan / ton at the weekend, down 600 yuan / ton, a decrease of 1.92%, down 24.97% year-on-year. The ex-factory price of PX was temporarily stabilized this week, and the price was 8300 yuan/ton, up 25.76% year-on-year. Overall, the downstream market fell, downstream customers are not motivated to purchase toluene, and toluene demand is reduced.

Third, the market outlook

After the adjustment in July, the market of various industries will be further expanded, and the demand for toluene in various refineries and refineries will increase. The domestic manufacturers’ pricing refers to the external price, and the external disk price shows an upward trend. Toluene analysts of the business community believe that the price of toluene will increase steadily in late August, and the subsequent increase will be weak. The mainstream transaction price of toluene will remain around 6,600 yuan/ton.