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Domestic toluene market continues to be weak

release time:2019-08-30

[Gade Chemical Network Chemical Review] On June 2nd, the East China toluene market talked about 5240-5250 yuan / ton (Zhangjiagang out of the can), a narrow range of soft; South China market toluene negotiations 5350-5380 yuan / ton (Sha Tin out of the can), Trading was light; the Beijing-Tianjin-Hebei market talked about 5,500-5,550 yuan / ton, sporadic transactions; Shandong market talks around 5,500 yuan / ton, buying is not smooth. According to monitoring: On June 2, the domestic toluene market continued its weak operation. International: US WTI crude oil July futures closed up $0.04, or 0.08%, at $48.36 per barrel on Thursday (June 1). Brent crude August futures closed down $0.13, or 0.26%, to $50.63 a barrel on Thursday. Affected by the sluggish downstream demand, the domestic toluene market price was blocked upwards, traders' mentality was different, the actual transaction was light, some negotiations were low, domestic toluene market stocks were high, and downstream demand was insufficient. It is expected that the short-term domestic toluene market will continue to be weak.