After the Spring Festival, there was short-term replenishment downstream, and the market demand had a short-term improvement. In addition, the rise in raw materials supported the overall increase in the price of C5 petroleum resin. However, the downstream infrastructure was not fully implemented in February. Rising and market demand is sluggish, and manufacturers are under great inventory pressure.

Based on the above analysis, the domestic C5 petroleum resin cost and supply are not as good as the demand, and the market continues to be weak. According to customs data, from January to February 2022, the export volume of petroleum resin with domestic tariff number 39111000 was 56116.7 tons, compared with 2021. From January to February, there was a slight increase of 56,270 tons, but in view of the continuous decline in domestic production in March, it is expected that the export volume of petroleum resin may continue to decline slightly in March.

In the second quarter of 2022, the price of cracked C5 will enter a downward channel, the cost support of C5 petroleum resin will weaken, and the inventory of domestic manufacturers is high, and the consumption of market resources will still take time. At present, the market demand has not improved, and the market still needs to wait and see the changes in the epidemic situation. Therefore, the C5 petroleum resin may maintain a weak market in late April, and the market may usher in a turnaround in May.