Domestic market dynamics of toluene on June 27

1、 Price summary on June 24:

 

sulphamic acid

Shijiazhuang Refining & Chemical Co., Ltd. offered 8400 yuan / ton, Qilu Petrochemical Co., Ltd. offered 8400 yuan / ton,

 

Yangba offers 8650 yuan / ton,

 

Guangzhou Petrochemical offers 8650 yuan / ton, Maoming Petrochemical offers 8600 yuan / ton,

 

Changling Refining & Chemical Co., Ltd. offers 8750 yuan / ton,

 

2、 Fluctuation trend:

 
3、 Analysis and comments:

 

In terms of crude oil, the market has returned to fundamentals, and the supply price of crude oil is under tight support. However, affected by the expectation of interest rate hikes by many central banks across the country, the market is worried about the economic recession, and the oil price is still fluctuating in the range.

 

Crude oil rebounded last Friday, while toluene in Asia fell slightly. Near the end of the month, the downstream air filling operation supported the toluene price.

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