The rise in crude oil prices and the increase in styrene supply are beneficial to market sentiment. However, at the same time, the supply of domestic and imported sources is loose.
Due to the escalation of the Russia-Ukraine conflict, international crude oil prices have been continuously rising.
The current market situation of ethyl acetate is weak. The poor sales of the main factories have led to continuous pressure on the price.
Last week, under the positive macroeconomic conditions, market participation enthusiasm increased, driving a general rise in bulk commodities. Coupled with the initial boost from styrene, the price of pure benzene rebounded significantly. Downstream buyers were active in purchasing, and factories had no inventory pressure.
With the rise in the price of raw material benzene and the hype over the maintenance of the phenol-acetone plant in Yangzhou next month, acetone has followed suit and risen, with a cumulative increase of 400 yuan per ton.
This week, due to the impact of tariff news and crude oil, the market for toluene and xylene has become more active, with a reduction in low-priced resources and a rising trend.
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