1、 Price data
According to the Commodity Analysis System of Business Society, as of August 14th, the mainstream factory price of domestic refined and hydrogenated naphtha was 8121.50 yuan/ton, an increase of 0.09% compared to August 7th at 8114.00 yuan/ton. The actual transaction price of refined and hydrogenated naphtha is around 8000-8300 yuan/ton.
As of August 14th, the mainstream factory average price of locally refined straight-run naphtha in China was 7904.00 yuan/ton, a decrease of 0.53% compared to August 7th at 7946.50 yuan/ton. The actual transaction price of locally refined straight-run naphtha was around 7800-8100 yuan/ton.
On August 14th, the naphtha commodity index was 100.23, a decrease of 0.25 points from yesterday, a decrease of 17.60% from the highest point in the cycle of 121.64 points (2022-03-10), and an increase of 137.29% from the lowest point of 42.24 points on July 19th, 2016. (Note: The cycle refers to the period from September 1st, 2012 to the present)
2、 Analysis of influencing factors
This week, the market for refined naphtha fluctuated, but this week, the terminal market showed significant positive results. Refineries were actively shipping, merchants were cautious in chasing higher prices, and there was a strong wait-and-see sentiment, with transactions mainly focused on demand.
This week, the international crude oil market fluctuated and rose. Due to concerns about market supply and continued fermentation, coupled with the positive phase of the peak oil consumption season, OPEC+, an oil producing country, has continued to reduce production by an additional scale, and the decline in finished oil storage in the United States has exceeded expectations.
According to the monitoring of Business Society, the price of toluene has increased this week. On August 14th, the price of toluene was 8100 yuan/ton, and on August 7th, it was 8030 yuan/ton, an increase of 0.87%. This week, the price of mixed xylene has increased. On August 14th, the price of mixed xylene was 8630 yuan/ton, and on August 7th, it was 8420 yuan/ton, an increase of 2.49%. The price trend of PX has increased this week, with a price increase of 1.11% from 9100 yuan/ton on August 14th to 8800 yuan/ton on August 7th.
3、 Future Market Forecast
Energy analysts from Business Society believe that the recent market volatility of local refined naphtha is the main trend, with refineries actively shipping and merchants being cautious in chasing high prices. There is a strong wait-and-see sentiment, and transactions are mainly in demand. In addition, there is no significant positive trend in the terminal reforming of ethylene, and it is expected that the local refined naphtha market will be mainly weak in the near future.
| http://www.thiourea.net |