Toluene price summary

Shijiazhuang Refinery offered 6,100 RMB/ton, Qilu Petrochemical offered 6,100 RMB/ton,

Yamba quoted 6,250 RMB/ton,

Guangzhou Petrochemical quoted 6,300 RMB/ton,

Changling Refinery's quotation was 6,350 RMB/ton,

Shandong Jingbo Petrochemical quoted a price of 7,500 RMB/ton.

Price trend

Analysis review

In terms of crude oil, data released by Baker Hughes on the 4th showed that the number of active oil rigs in the United States this week was 497, an increase of 2 from the previous month and an increase of 198 year-on-year. The market is worried that the severe cold weather in the United States may lead to the interruption of oil supply, and the geopolitical tension is superimposed, and international oil prices continue to rise.

During the Spring Festival, the crude oil market rose sharply, driving the general rise in related commodities, and toluene rose with crude oil. Sinopec raised its prices by a wide margin, and the market actively followed the rise. Toluene welcomed a "good start".

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