1、 Price trend
| Benzalkonium chloride |
According to the bulk list data of business society, toluene fell continuously this week. On August 15, the price of toluene was 5772.2 yuan / ton; On Sunday (August 22), the price was 5682 yuan / ton, down 15.6% from last week; Compared with the same period last year, it increased by 68.12%.
2、 Analysis and review
The demand is weak, and the atmosphere in the venue continues to be light. Crude oil fell continuously during the week, dragging down the bulk commodity market. As the downstream toluene, the market mentality was bearish and the price fell.
In terms of external market, as of August 20, the price of toluene imported from South Korea was US $739 / T, down US $19 / T or 2.51% month on month (MOM) on August 13.
In terms of crude oil, the spread of delta mutant virus has led to a bearish market on the demand recovery process. In addition, official data show that the oil refining output and economic activity of major emerging market countries have slowed down, the market pessimism has increased, and the international oil price has continued to decline this week. On August 13, Brent fell $5.41 / barrel, or 7.66%; WTI fell $6.12/barrel, or 8.94%.
| povidone Iodine |
Downstream: in terms of TDI, the price of TDI in East China rebounded this week. The price of domestic goods was 15075 yuan / ton, up 5.05% from last week and 7.68% from the same period last year. The domestic TDI market is sorted upward, the offer of the cargo holder is on the high side, and the on-site information suppliers are dominant; Downstream follow-up is average, mainly wait-and-see.
In the PX market, the domestic PX trend was stable this week, with the price of 7300 yuan / ton, up 58.7% over the same period last year. Recently, the closing price of international crude oil continued to decline, and the trend of PX external price declined. As of August 20, the closing prices in Asia were US $857-859 / T FOB Korea and US $865-867 / T CFR China.
3、 Future forecast
With the spread of delta virus, the market is more worried about limited demand, and the international oil price may still fall. Continue to pay attention to OPEC + production increase, U.S. crude oil and refined oil inventory data, global stock market and economic data, the latest epidemic situation and geographical situation.
The demand side continued to be weak, and toluene fluctuated with the trend of crude oil in the short term. Overall, toluene may still fall, but the decline is limited. Pay attention to the changes in downstream demand and the impact of crude oil and external market trends on toluene prices.
| Sodium Molybdate |