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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.

Although there has been no significant change in the raw material benzene, the acetone market has been weak and declining due to insufficient purchasing power downstream and an increase in inventory at East China ports, resulting in sluggish market transactions.

Last week, the upstream supply of benzene increased slightly, and the supply and demand side was overall stable，The outer disk fell sharply at the beginning of the week, and the outer source of goods entered the domestic. Therefore, the arbitrage space is opened. Port inventories increased slightly. Due to the long-term low consolidation of the benzene market in the early stage, the downstream procurement enthusiasm is not high. However, the downstream centralized replenishment last weekend, promoting the upstrend of market price.

The market of acetic ether tended to be stable at the beginning of last week. On Monday and Tuesday, the premium atmosphere of the main factories in Shandong weakened, and gradually recovered to the previous price range. At present, the raw material side and downstream demand has not changed much, and the market of acetic ether is expected to consolidate in the current range.

Last week, the war situation in the Middle East was still tense, and crude oil prices continued to fluctuate greatly. Toluene and xylene port cargoes were concentrated at the port at the end of the month, and the inventory quantity increased.

As the price of raw material Benzene drops and new production capacity is released in the phenol-ketone unit, downstream companies mostly purchase on demand and the price of acetone is weak. However, port inventories continue to decline and are relatively low.

Recently, the leadership and colleagues from the Batong Chemical Group embarked on a significant business visit to Uzbekistan.

Last week, the market for glacial acetic acid remained sluggish, with little variation in prices across regions. Regional digestion was evident, gradually pushing prices to their lows this year. Downstream buyers were relatively cautious in accepting shipments.

Last week, the fundamentals of Benzene did not change much. The market rose due to the crude oil price, but the room for growth was limited due to the impact of downstream demand. The price of petroleum benzene in Shandong refineries rose along with the East China region, and the arbitrage window between the north and south regions was closed.

Last week, tensions in the Middle East remained high, leading to continued significant volatility in crude oil prices. Shipments of toluene and xylene arrived at ports towards the end of the month, increasing port inventories. Based on costs, the market conditions remained stable. In Shandong, refinery market prices surged but subsequently fell back, with refineries mainly fulfilling earlier orders, and overall market transactions were moderate.