1、 Price summary on March 2:

 

PVA 1799 (PVA BF17)

The quotation of Shijiazhuang refining and chemical company is 7750 yuan / ton, and that of Qilu Petrochemical Company is 7750 yuan / ton,

 

Yangba offers 7450 yuan / ton,

 

Guangzhou Petrochemical quoted 7550 yuan / ton, Maoming Petrochemical quoted 7500 yuan / ton,

 

Changling refinery offers 7600 yuan / ton,

 

Shandong Jingbo Petrochemical offers 8000 yuan / ton.

 

2、 Fluctuation trend:

 

3、 Analysis and comments:

 

PVA

In terms of crude oil, the situation in Ukraine remains tense, and European and American countries have increased sanctions against Russia. The market is expected that the sanctions imposed on Russia may lead to a large number of divestments of oil assets. The expectation of crude oil supply shortage in the next few months is further strengthened, and the fear of supply interruption is intensified. The international oil price soared yesterday. According to EIA data, US commercial crude oil inventories fell 2.6 million barrels month on month in the week ended February 25.

 

Today, Sinopec East China toluene price increased by 350 yuan / ton, South China toluene price increased by 300 yuan / ton, and Jingbo Petrochemical toluene price increased by 100 yuan / ton.

 

Yesterday, the international oil price soared, the toluene in Asia rose broadly, and the industry actively supported the price and followed the rise of crude oil. Some large refineries reduced the quantity of toluene for export and changed it to be used for gasoline. The reduction of spot supply also boosted the price of toluene. In the short term, toluene mainly follows the price trend of crude oil and gasoline and diesel oil.

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