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South China’s toluene and MX market prices surge on multiple positive factors

Shandong (JLC), February 28, 2024—After the Spring Festival holiday, South China’s toluene and MX markets witnessed price increases, boosted by multiple positive factors.

02-28-2024 14:37:41

South China’s styrene prices fluctuate in Q3

Shandong (JLC), September 29, 2022—South China’s styrene prices slumped in July, then rallied in August and went range-bound in September.

09-29-2022 14:35:22

South China styrene market analysis

Shandong (JLC), September 15, 2022--South China’s styrene market prices rose and then eased from mid-August, broadly following supply moves, with the price spread between South China and East China se

09-15-2022 15:46:33

South China’s styrene capacity expansion in 2021

Shandong (JLC), April 1, 2021--As of March 31 2021, China’s total styrene capacity rested at 13.619 mln mt/yr, of which South China's styrene production capacity had surpassed that of Northeast China, becoming the third largest styrene production area in China.

04-01-2021 15:18:52

South China’s MX down on weak demand

Shandong (JLC), December 24, 2020--Current mixed xylene (MX) market price in South China went down undermined by persistently subdued demand, although it posted increases in early December boosted by the tight supply.

12-24-2020 17:09:05

South China styrene fundamentals balanced

Shandong (JLC), September 24, 2020--Styrene supply-demand fundamentals in South China saw a balanced point at present as Dongguan Xinchangqiao Plastic brought its EPS units online, increasing the demand for styrene.

09-24-2020 16:47:56

South China’s toluene price hits the record low on bearish atmosphere

Shandong (JLC), March 24, 2020--The toluene market price in South China had hit the record low since 2003 amid the unimproved demand in China and the fluctuating financial environment in the world.

03-24-2020 16:58:54

Toluene supplies tighten in Sinopec South China

The toluene supply of Sinopec South China Sales Company was intermittent since this week. For the unexpected tightening of Sinopec’s supply in South China, it was believed that the market upward timing was not mature.

08-21-2019 17:18:34

South China toluene prices drop on weakened demand

Shandong (JLC), April 17, 2019--Toluene prices in South China slipped on April 15, largely because of subdued demand as well as weak market in East China, in spite of bullish factors.

04-17-2019 14:42:59

South China MX market to eye stalemate

Shandong (JLC), March 22, 2019--South China MX market will step into a stalemate in the short run amid tight supply and support from upstream market but weakening demand.

03-22-2019 09:01:52

South China toluene prices hit new low

As of December 24, South China toluene market prices hit a new low of CNY4,450-4,530/mt ($646.24-657.86/mt, ex-tank), boosted by price cut in petrochemical companies, data from JLC.

12-26-2018 17:19:29

South China MX prices drop amid bearish factors

Shandong(JLC), December 18, 2018--South China MX prices fell again to CNY5,200-5,300/mt ($753.07/mt-$767.56/mt) on December 13 due to sales pressure of petrochemical companies, oversupply of crude oil and weal demand.

12-18-2018 17:35:13

South China toluene supply rises, demand shrinks

Shandong (JLC), November 28, 2018--From late November, under the background of supply pressure and subdued demand, South China toluene prices plunged

11-28-2018 11:20:44

South China toluene, MX prices eye national lowest

Shandong (JLC), November 15, 2018--South China toluene and MX market prices both plummeted from November 9 to November 13 as Sinopec South China Marketing Company cut listing prices of toluene and MX by CNY500/mt ($71.89/mt) and CNY450/mt, respectively on November 12 after price cut on November 9.

11-15-2018 15:18:57

South China MX supply to rally in Oct

Shandong (JLC), September 29, 2018--MX supply in South China will rally gradually in October as some petrochemical companies in other regions will increase supply and PetroChina South China Marketing Company’s supply will be in normal.

09-29-2018 16:58:46

South China aromatics market robust amid tight supply

Shandong (JLC), September 20, 2018--Entering September, South China aromatics market prices moved higher. Thereinto, toluene and MX prices both surpassed CNY7,000/mt due to tight supply.

09-20-2018 15:51:01

South China MX market analysis

The MX port inventory in East China stayed low for long. That rallied to around 10,000 mt from mid-June to mid-July then declined steeply.

09-03-2018 18:36:24

South China methanol price trend analysis and forecast, June 2018

Methanol price in South China declined, with continuous arrival of imported goods. Against this backdrop, the price spread between Guangdong and Taicang narrowed to CNY 100-110/mt, which was CNY 230-240/mt narrower from H2, May, just as shown in the chart below.

06-15-2018 09:40:53

East-South China toluene prices show great correlation

The correlation between toluene prices in East China and South China intensified in mid-December, and the spread between them was within CNY100-150/mt.

01-30-2018 13:53:52

The spread between South China and East China on toluene-MX market wore off

The spread between the south and the north of China on toluene and MX markets narrowed constantly, as the price trends in the two regions showed different changes, especially for toluene market. Toluene price in East China vibrated upward, while that in South China retreated to low levels.

12-19-2017 17:34:47

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