As the toluene market rose to near 8000 RMB a tonne, the focus of the talks has hit pre-fault 2014 crude levels, which are also among aromatic products that have later hit previous price levels. As you can see from the chart, the rally dates back to the beginning of the second quarter, despite a period of correction and consolidation, but the subsequent rally lasted nearly four months, mainly due to the following factors:
1. International crude oil futures oscillation uplink
Although the upward path of international crude oil futures fluctuates more frequently than toluene, with Brent rising to US $86.29 per barrel and WTI 76.41 rising to US $per barrel, it gives strong support to the cost side of petrochemical products. Driving the surrounding environment to the good.
2. Inspection and repair of domestic Plant installation
The above list is the toluene rising period, the domestic factory plant overhaul situation, and toluene several major export factories have maintenance, leading to the lack of domestic stage spot supply, for toluene market to provide sustained good factors support.
3. The quantity of imported cargo arriving in port has decreased sharply.
With the sharp decline in the exchange rate of RMB, the cost of imports has soared. In terms of the exchange rate between the beginning of the second quarter and the end of the second quarter, the cost of toluene dollars at the same price will rise 475 yuan / ton; In addition, domestic chemical synthesis demand continued to be depressed, reducing market interest in imported cargo.
4. Oil regulation demand
Although this year's reserve cycle of "Jin Jiuyin 10" in the oil market is a little later than in previous years, it is still on track. Meanwhile, the Mid-Autumn Festival National Day small holiday reserve support, to adjust the oil market demand is still a boost to the toluene market.
5. Stockholders' speculation rose
External positive sustained attack, and the toluene market has been silent for a long time, the industry is more urgent to the market rise, cover the plate to wait for the opportunity to speculation higher mood.