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The trend of toluene and xylene in East China shows an initial rise followed by a decline. On the refinery side, influenced by crude oil…

Under weak supply and demand for acetone, the overall market remains largely stagnant. However, the strength of raw material, pure benzene has led to a relatively optimistic outlook among holders, who are reluctant to sell at low prices. Additionally, procurement by downstream main factories provides support to the market.

Last week, the upstream operating rate of benzene increased, and the market supply increased, but a number of downstream devices recently started to drive, and the market actively purchased on bargains, coupled with the low rebound of crude oil, pushing the market transaction price up. At the same time, port inventories are at a high level, restraining the increase.

The price of ethyl acetate rose slightly at the beginning of last week, and the downstream demand side did not improve much, and the dealer premium bidding pushed up, coupled with the serious pick-up and scheduling plan of the factory in central China led to the relatively strong price. However, since last Wednesday, the price of ethyl ester has gradually dropped to the previous range, and it is expected that there is no significant change in supply and demand and raw materials this week, and the market is relatively stable.

Last week in East China, toluene and xylene as a whole are in a stiff state. At present, toluene inventories have increased, and xylene inventories have decreased slightly. Crude oil is in a wide range of oscillations at this stage, and biphenyl market participation is not strong. Shandong refinery is driven by oil products as a whole, the shipment is relatively smooth, mostly to reduce inventories, and the overall market volatility is limited.

Last week, the supply of petroleum benzene increased, but at the same time, the production of hydrogenated benzene decreased, so the overall supply is still relatively stable. Affected by the Russian-Ukrainian war, crude oil prices gradually rose, which led to a rebound in crude oil futures prices, which is good news for benzene prices.