SunSirs: Supply Decreased, CPL Price Rose Slightly (August 16-22)

　　Price trend

　　According to data from SunSirs’bulk list, the average price of domestic liquid CPL was 14,250 RMB/ton on August 16, and the average price of domestic liquid CPL was 14,300 RMB/ton on August 22. CPL prices rose 0.36% this week.

　　Analysis review

　　As of August 22, the price of Nanjing Orient’s liquid CPL was 15,000 RMB/ton, the 400,000-ton/year plant was operating normally. The price of Sinopec’s liquid CPL was 14,700 RMB/ton. The price of Baling Hengyi’s liquid CPL was 14,700 RMB/ton, and the 450,000-ton/year plant was in normal operation. The price of Baling Petrochemical’s liquid CPL was 14,700 RMB/ton, and the 300,000-ton/year plant started up normally. The price of Shandong Luxi Chemical’s liquid CPL was 13,900 RMB/ton, and the manufacturer’s production capacity is 300,000 tons. The actual transaction can be discussed.

　　The price of raw material pure benzene continued to fall this week. Due to the delay of import ships affected by the epidemic in the early stage, and the delivery approaching at the end of the month, domestic purchases were more active, and negotiations on pure benzene were better. However, crude oil fell sharply during the week, coupled with the continuous decline of styrene, fundamental support weakened, pure benzene was under pressure, and prices fell along with it.

　　Market outlook

　　The CPL analyst of SunSirs believes that in the short term, some enterprise installations plan to restart, and the supply will increase. At present, the downstream purchase just on demand, and the demand is still acceptable. Recently, raw materials have fallen, and cost support has been weak. It is expected that the CPL market will be weak and stable in the short term, and it is recommended to pay attention to changes in costs and demand.