Domestic market dynamics of toluene on November 15

1、 Price summary on November 12:

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The quotation of Shijiazhuang Refining & Chemical Co., Ltd. is 6450 yuan / ton, and that of Qilu Petrochemical Co., Ltd. is 6450 yuan / ton,

Yangba offers 6550 yuan / ton,

Guangzhou Petrochemical offers 6300 yuan / ton,

Changling refinery offers 6750 yuan / ton,

Shandong Jingbo Petrochemical offers 6450 yuan / ton.

2、 Fluctuation trend:

3、 Analysis and comments:

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In terms of crude oil, the data released by Baker Hughes on the 12th showed that the number of active oil rigs in the United States increased by 4 month on month and 218 year-on-year this week. The increase of active oil drilling platforms in the United States, coupled with the strengthening of the US dollar exchange rate, and the news that the United States may release strategic oil reserves weighed on oil prices. International oil prices fell last Friday.

Today, Sinopec reduced toluene in East China by 250 yuan / ton.

Crude oil fell last Friday, external news was empty, and the focus of toluene market continued to move down. Sinopec lowered the price of toluene in East China, and the spot market followed suit. Weak downstream demand, volatile trend of gasoline and diesel, dominated by regional demand; The weak xylene market depressed the toluene Market.

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