According to the Commodity Market Analysis System of SunSirs, the average market price of domestic liquid CPL on November 6th was 12,887 RMB/ton, and on November 10th, the average market price of domestic liquid CPL was 12,887 RMB/ton. CPL prices remained stable this week.
Analysis review
The CPL market had remained stable this week. The price of raw material pure benzene had been lowered, and cost support had weakened. Some enterprises were undergoing parking and maintenance, resulting in a decrease in local market supply. Downstream procurement was on demand, and the demand side was relatively stable. As of November 10th, Sinopec Liquid Premium High end CPL had been raised a settlement price of 13,350 RMB/ton this week.
The price of raw material pure benzene had slightly decreased this week. On November 6th, the price of pure benzene was 7,903 RMB/ton, and on November 10th, the price of pure benzene was 7,800 RMB/ton, a decrease of 1.51% compared to last week. This week, the price of Sinopec pure benzene was at 7,750 RMB/ton (prices in Shandong and Hebei regions decreased by 300 RMB/ton simultaneously).
Downstream PA6 prices fell this week. As of November 10th, the reference average price of domestic PA6 was 14,350 RMB/ton.
Market outlook
SunSirs’CPL analysts believe that the market for CPL has been weakening recently. The price of raw material pure benzene has decreased, and cost support is insufficient. The market supply and demand game holds a bearish attitude in the industry. It is expected that the price of CPL will be sorted to be weaker in the short term.
