I. price trend

According to the data of the business club’s bulk list, affected by the weakening downstream demand and shrinking turnover, the domestic toluene Market showed a correction trend this week, with a weekly decline of about 2.1%.

II. Analysis and comment

1. Products: affected by the weak global economic indicators and the general correction of bulk commodities, the domestic toluene market continued to pull back this week. At present, the mainstream price in East China is around 5850-5900 yuan / ton. According to the feedback from traders, last week’s trading volume continued to shrink, and the port inventory remained low, about 21000 tons.

2. Industrial chain:

Upstream, in terms of crude oil, this week’s oil prices were mixed, with spot Brent down 0.79%, Brent futures down 0.62%, WTI futures up 1.09% and Dubai futures up 0.77%.

On the downstream side, the price trend of TDI this week is stable and upward. Affected by the delayed restart, temporary shutdown and maintenance of the device, it is expected that the short-term TDI will continue to be strong and volatile. In PX market, the domestic PX price trend is stable, and it is expected that the PX market price will maintain a stable trend in the short term.

 
III. future forecast

According to xylene analysts from the chemical branch of Business News Agency: next week, we will continue to focus on the trend of the situation in the Middle East, the progress of Sino US trade negotiations, and the expected fluctuation of crude oil demand due to the weak prospect of global economic indicators. Due to the expected arrival of large quantities of toluene at the end of the month, traders are cautious at present. On the whole, it is expected that the toluene market will continue to fluctuate and adjust next week.