1、 Price summary on October 9:
Shijiazhuang Refining&Chemical Co., Ltd. quoted 7800 yuan/ton, Qilu Petrochemical Co., Ltd. quoted 7800 yuan/ton,
Yangba quoted 7950 yuan/ton,
Guangzhou Petrochemical quoted 7950 yuan/ton, Maoming Petrochemical quoted 7900 yuan/ton,
Changling Refining&Chemical offered 8050 yuan/ton,
2、 Fluctuation trend:
3、 Analysis and comments:
In terms of crude oil, the OPEC+meeting decided to cut the output by 2 million barrels per day from November on the basis of that in August. The OPEC+production cut decided to benefit the crude oil market. International oil prices rose continuously during the holiday.
Due to the strong trend of crude oil on the cost side, the toluene market was boosted, and the price rose positively. However, the demand for downstream chemical products is weak, and the gasoline market is soft due to the epidemic, which makes it difficult to support the demand side. After the price rises, it falls back in a narrow range.
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