SunSirs: China Local Refined Naphtha continued to Rise on October 20

　　As of October 20, the mainstream ex-factory average price of domestic ground refined hydrogenated naphtha was 7,796.60 RMB/ ton, up 1.04% from 7,716.00 RMB/ ton on October 19. The actual transaction price of ground refined hydrogenated naphtha was about 7,900-8,100 RMB/ ton.

　　As of October 20, the mainstream ex-factory average price of domestic local refining straight run naphtha was 7,692.50 RMB/ ton, up 2.29% from 7,520.00 RMB/ ton on October 19. The actual transaction price of local refining straight run naphtha was about 7,600-7,900 RMB/ ton.

　　On October 20, the naphtha commodity index was 96.22, up 0.99 points from the previous day, down 6.24% from the highest point 102.62 in the cycle (September 24, 2012), and up 127.79% from the lowest point 42.24 on July 19, 2016. (Note: the period refers to the period from September 1, 2012 to now)

　　International crude oil continued to rise, supported by the cost of naphtha market; There is no inventory pressure in the refinery, some olefins in the downstream direction just need to be released, and the market operation is positive. It is expected that China naphtha refining may continue to rise in the near future.