According to the commodity market analysis system of SunSirs, the average market price of domestic liquid CPL was 12,580 RMB/ton on May 29, and 12,185 RMB/ton on June 5. CPL prices fell 3.14% this week.
Analysis review
CPL market prices fell this week. The price of raw material pure benzene was lowered, resulting in insufficient cost support. As of June 5, the supply and demand of CPL market was balanced, and downstream procurement was mainly on demand. The market transaction was cautious. As of June 5, the delivery price of CPL liquid in East China of Shandong Hualu Hengsheng was 11,900 RMB/ton. The settlement price of Sinopec high-end CPL was 12,840 RMB/ton.
The price of raw material pure benzene slightly decreased this week. Downstream restocking had been completed recently, mainly consumed inventory, and spot prices had decreased. The price of pure benzene was 6,572 RMB/ton on May 29th, and 6,500 RMB/ton on June 5th, a decrease of 1.1% compared to last week. This week, the price of Sinopec pure benzene remained stable at 6,500 RMB/ton.
Market outlook
CPL analysts from SunSirs believe that the price of raw material pure benzene had stabilized recently, and the cost side support was acceptable. The terminal demand was relatively flat, and the market supply and demand were in a game. It is expected that the CPL market price will sort out and stabilize in the short term.
