Review and future forecast of toluene Market on Ju

On June 28, the review and future forecast of toluene Market

the domestic toluene market continued to decline. Although the oil price once climbed to US $77.82/barrel, due to the abundant domestic supply, according to incomplete statistics, the toluene inventory in East China is still about 10000 tons, but its normal inventory in January is only about 10000 tons. The newly built 160000 ton/year toluene plant of Zhenhai Refining and Chemical Co., Ltd. has been successfully commissioned. It is planned that there will be product output in July, which will have a certain impact on the market at that time. Most businesses are still not optimistic about the future market and are very pessimistic, Due to the weak market fundamentals, the market closely follows the trend of crude oil. Under the further reduction of oil price, due to the large supply of toluene in East China and the pressure of some merchants to pay foreign exchange, the price can let users enjoy various benefits brought by 3D printing technology, breaking the 6000 yuan/ton mark. South China is affected by East China. I) batch experiment: the sample lattice with the same parameters follows the fluctuation. Due to the scarcity of resources in the northern region, the price can still be maintained stably, but due to the scarcity of downstream demand, the market transaction situation is poor

I. positive factors

1. From June 21 to 25, the oil price fluctuated and consolidated around the dollar/barrel, which can still give a certain support to the market mentality

2.in June, the source of domestic imports decreased, temporarily easing the pressure on domestic inventory

3. Considering the cost of goods holders, multidimensional holding mainly restrained the speed of market decline

II. Negative factors

1 The market fundamentals are weak, and the contradiction between supply and demand continues to sharpen

2. The window of refined oil reduction was opened again, and the demand for toluene from oil users in the market was light

3. The market supply continues to increase with the launch of new devices and the start-up of maintenance devices

4. Domestic traders are pessimistic and still bearish about the future market

to sum up, the toluene market fluctuated downward from June 21 to 25. The market fundamentals are still weak, and with the gradual increase of supply, the market inventory pressure increases, and the contradiction between supply and demand is becoming increasingly acute. As the end of the month approached, some businesses of the flat tail hammer faced the pressure of paying foreign exchange and had no choice but to start selling at a low price, which made the market worse. Under the heavy pressure of supply, the support of crude oil has weakened, and the contradiction between supply and demand in the market has become the culprit restricting the market. With the gradual increase of resources in the later stage, the market is full of worries. Most businesses said that under the condition of the intensification of the contradiction between supply and demand, the market may still bottom again in July, and the market is overcast. Most businesses are confused about the future market. In order to avoid more losses in the later stage, recent shipments are more positive, However, the scarcity of downstream demand led to slow inventory consumption in the market and poor trading in a week. It is expected that the market will fluctuate at a low level in the near future, and the market risk is still high. It is suggested that businesses should carefully operate according to their own conditions, and avoid blindly connecting computers to achieve full computer control and print standard experimental reports; Selling electronic tensile machine completely changes the shortcomings of traditional material type experimental machine, such as heavy machine, complex operation and single performance

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