March 26th domestic price details

On March 26th, the domestic market for petrochemical products showed mixed trends, with several major producers adjusting their pricing strategies due to fluctuating demand and inventory levels. Qilu Petrochemical reported that liquid product prices were set at 1,260 yuan per ton, while solid products were offered at 1,350 yuan per ton. The plant is operating normally, producing between 450-480 tons of liquid daily and maintaining a stock of 400-500 tons of solid products. This has led to some inventory pressure in the market. Sinopec's Hainan Refining and Chemicals Co., Ltd. reduced its prices, setting the island delivery price at 1,350 yuan per ton. Since the last price increase, the price has dropped by 50 yuan from 1,150 yuan per ton. However, downstream buyers are currently hesitant, leading to slower shipping activities. Takahashi Petrochemical, under Sinopec's refining and sales division, also cut prices, with solid products now priced at 1,370 yuan per ton (down 50 yuan) and liquid products remaining unchanged at 1,370 yuan per ton. Solid products have a freight charge of 12 yuan per ton, while liquid products are not being loaded, and production continues at normal levels. Maoming Petrochemical, another Sinopec subsidiary, lowered its prices as well. Industrial-grade solid products are now quoted at 1,350 yuan per ton, and liquid products at 1,300 yuan per ton. Food-grade products are priced at 1,400 yuan per ton, also down 50 yuan. Transactions are accompanied by discounts, indicating weak market demand. Lanzhou Petrochemical’s daily output is approximately 60-70 tons, with a factory price of 1,200 yuan per ton for solid products. Actual transactions are around 50 yuan lower. Due to limited downstream demand, inventory levels remain high, and shipments are generally low. Tianjin Petrochemical, part of Sinopec’s petrochemical sales company, kept its prices stable. Liquid products are priced at 1,342 yuan per ton, and solid products at 1,410 yuan per ton, including a 10-yuan loading fee. Actual transactions still offer discounts. Puguang Wanzhou maintained a contract price of 1,300 yuan per ton, with an additional 1,270 yuan per ton for factory deliveries. Inventory stands at about 60,000 tons, and motor shipments have declined compared to previous periods, leading to increased stock levels. Guangzhou Petrochemical reported normal production, with granular products listed at 1,350 yuan per ton. Contract household car transport is priced at 1,300 yuan per ton, and iron transport at 1,180 yuan per ton, both down 50 yuan. The plant is operating smoothly, but downstream factories are slow in taking goods, contributing to higher inventory. Wuhan Petrochemical saw a drop in solid product prices to 1,330 yuan per ton, down 50 yuan. Daily production is around 100 tons, and procurement in Hunan has slowed, leading to higher refinery inventory. Anqing Petrochemical also reduced solid product prices to 1,270 yuan per ton, down 50 yuan. The company maintains a moderate level of inventory and regular refinery shipments. Shengli Oilfield Refinery, part of Sinopec's refining and sales division, implemented a price cut for solid products at 1,240 yuan per ton, down 50 yuan. Monthly production ranges between 600-700 tons, with general shipment activity. Qingdao Petrochemical cut its prices significantly, with liquid products now priced at 1,160 yuan per ton (down 150 yuan), including a 10-yuan loading fee. Daily production is around 20-30 tons, and operations are running smoothly. The Qingdao Refinery also adjusted its pricing, with liquid products at 1,160 yuan per ton (down 150 yuan) and solid products at 1,350 yuan per ton (down 50 yuan). The main facility has returned to normal operation, with daily liquid production reaching 550-600 tons. Dongming Petrochemical maintained stable pricing, with solid products at 1,153 yuan per ton and liquid products at 1,103 yuan per ton, including a 3-yuan loading fee. Actual shipments continue to offer concessions, reflecting ongoing market softness.