According to the commodity analysis system of SunSirs, as of June 18, the average ex factory price of the mainstream Naphtha of domestic local refining and hydrogenation was 7,971.50 RMB/ton, down 1.70% from 8,109.00 RMB/ton on June 12. The actual transaction price of local refining and hydrogenation Naphtha was about 7,800-8,000 RMB/ton.

As of June 18, the average ex factory price of domestic straight run Naphtha mainstream was 7,926.50 RMB/ton, 0.88% lower than the price of 7,996.50 RMB/ton on June 11. The actual transaction price of local straight run Naphtha was about 7,700-7,900 RMB/ton.

On June 18, the Naphtha commodity index was 98.38, unchanged from yesterday, 19.12% lower than the cycle's highest point of 121.64 (2022-03-10), and 132.91% higher than the lowest point of 42.24 on July 19, 2016. (Note: The cycle refers to the period from September 1st, 2012 to the present)

The price of locally refined Naphtha dropped slightly last week. Reforming and ethylene just need to be stocked. The market turnover is light, and businesses mainly wait and see.

Last week, the international crude oil market fluctuated and rose. Mainly due to unexpected retail growth in the United States in May, supported by positive employment data, the expectation of the Federal Reserve ending its interest rate hike process has strengthened. The significant increase in processing capacity of Chinese refineries has boosted oil prices.

According to the monitoring of Business Society, toluene has been relatively weak last week. On June 12th, the price of toluene was 7,120.00 RMB/ton, and on June 18th, it was 7,080.00 RMB/ton, a decrease of 0.56%. Last week, the price of mixed xylene has been declining. On June 12th, the price of mixed xylene was 7,360 RMB/ton, and on June 18th, it was 7,210 RMB/ton, a decrease of 2.04%. The PX price trend last week was temporarily stable. As of the weekend, the ex factory price of P-Xylene in China was 8,200 RMB/ton, which was the same as that at the beginning of the week.

SunSirs energy analysts believe that the international crude oil shocks last week, and the market mentality is different. Recent restructuring, ethylene just needs to be purchased, the market transaction is limited, businesses are mainly wait-and-see, refineries are actively shipping, and it is expected that China local refining Naphtha market will be mainly sorted out in the near future.

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