Last week in East China, toluene and xylene as a whole are in a stiff state. At present, toluene inventories have increased, and xylene inventories have decreased slightly. Crude oil is in a wide range of oscillations at this stage, and biphenyl market participation is not strong. Shandong refinery is driven by oil products as a whole, the shipment is relatively smooth, mostly to reduce inventories, and the overall market volatility is limited.

Last week, the supply of petroleum benzene increased, but at the same time, the production of hydrogenated benzene decreased, so the overall supply is still relatively stable. Affected by the Russian-Ukrainian war, crude oil prices gradually rose, which led to a rebound in crude oil futures prices, which is good news for benzene prices.

In the early part of last week, difficulties in scheduling pickups from the main production facility in Central China, coupled with the continuous upward trend in raw material ethanol prices, led to a rebound in ethyl acetate prices.