As downstream demand increases, supply pressure rises in North China, leading to widespread price hikes. Arbitrage opportunities from East China to North China emerge. Although port inventories rise slightly, the increase in vehicle pickups curbs the magnitude of inventory growth.
Last week, crude oil prices continued to rise, and coupled with the introduction of related economic policies, the overall market enthusiasm was further boosted. Toluene and xylenes increased simultaneously, leading to a decrease in low-priced resources in the market.
Supported by the raw material pure benzene, acetone prices remain relatively stable. Despite an increase in inventory in East China, the anticipation of reduced supply due to short-term shutdowns at factories in Yangzhou has weakened holders’ willingness to sell at low prices, leading to mostly firm quotes. However, there has been no significant improvement in downstream demand, with activities primarily focused on fulfilling contracts and orders.
he rebound potential for crude oil is limited. Although the market dynamics for pure benzene are strengthening, in the short term, it is still primarily influenced by the trend of styrene.
The domestic capacity of benzene has increased. Driven by centralized procurement in Shandong, prices rose in the first half of the week, and the listed…
This week, in the Central China region, the ethyl acetate production facilities underwent a unit switchover, halting the production of ethyl esters. This supply-side dynamic has led to an increase in auction premiums for ethyl esters in the North China region and price hikes by other major manufacturers. Currently, the ethyl ester market is stabilized, and with inventory levels being low at major manufacturers, prices remain relatively firm. It is expected that ethyl ester prices will experience a minor but steady increase.
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