Market analysis: The domestic petroleum resin market continued to rise slightly,Petroleum Resin the recent maintenance of raw material C5 devices increased, the supply is tight, the price rises,Petroleum Resin the supply of petroleum resin is tight,Petroleum Resin the quotation is raised, and the actual transaction center of gravity is moved up. Driven by raw materials,Petroleum Resin the price of alternative rosin resin rose to about 14,000 yuan/ton. Downstream users turned to purchasing C5 petroleum resin,Petroleum Resin which has a lower price,Petroleum Resin and increased demand, which is conducive to price increases. The sluggish petroleum resin market is now showing signs of recovery. Industry insiders are expecting strong expectations,Petroleum Resin driven by favorable factors and tentatively raising prices. The downstream rigid demand is the main reason,Petroleum Resin there is no obvious resistance to the price adjustment of petroleum resin,Petroleum Resin and the actual transaction volume has increased compared with the previous period.
The domestic petroleum resin market is generally stable,Petroleum Resin with sporadic increases. Affected by the rising price of rosin resin, the volume and price of the domestic C5 petroleum resin market have both increased recently, Petroleum Resinand the downstream receiving capacity has been improved. At present,Petroleum Resin the mainstream price of 5#C5 petroleum resin is around 1200-12500 yuan/ton, and the market outlook is bullish.
C9 petroleum resin prices are stable,Petroleum Resin the market is tepid, and the strong price of raw materials C9 plays a supporting role in the petroleum resin market. The raw materials are likely to rise due to the maintenance of ethylene equipment in the northeast region. The outlook for C9 petroleum resins is bullish.
