SunSirs: China Refined Naphtha Fell slightly

　　As of December 14, the mainstream ex-factory average price of domestic ground refined hydrogenated naphtha was 7,473.25 RMB/ ton, down 0.40% from the price of 7,503.25 RMB/ ton on December 13. The actual transaction price of ground refined hydrogenated naphtha was about 7,300-7,600 RMB/ ton.

　　As of December 14, the mainstream ex-factory average price of domestic ground refined straight run naphtha was 7,117.50 RMB/ ton, down 0.07% from 7,122.50 RMB/ ton on December 13. The actual transaction price of ground refined straight run naphtha was about 7,000-7,300 RMB/ ton.

　　Recently, international crude oil downturn, the cost support of naphtha market is limited, and the demand for olefins and aromatics at the terminal is weak, the transaction is weak, the downstream procurement is cautious, and the wait-and-see mood is strong. It is expected that China naphtha refining in the near future may be dominated by weak consolidation.