Summary of toluene price on February 15, 2023

Shijiazhuang Refining&Chemical quoted 7,100 RMB/ton, Qilu Petrochemical quoted 7,200 RMB/ton, Yangba quoted 7,100 RMB/ton, Changling Refining&Chemical quoted 7,200 RMB/ton, and Maoming Petrochemical quoted 7,050 RMB/ton.

Fluctuation trend

Market outlook

In terms of crude oil, a European country announced that it would take the initiative to reduce production by 500,000 barrels per day in March, while the United States planned to continue to release strategic crude oil reserves in the first half of this year. The oil market was mixed with long and short factors, and the oil price was volatile, and the international oil price fell on the 14th.

With the arrival of the peak travel season in spring, the demand for gasoline increased. The demand for toluene with high octane value in the United States was strong, which kept its price high, and the valuation of aromatics was high, which boosted the toluene market. The trend of toluene was stronger.

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