This week, the price of pure benzene is stable and weak (from January 6, 2020 to January 10, 2020)

1、 Price trend


According to a large number of data on the business club’s list, this week’s pure benzene operation was weak and stable. This week, Jincheng Petrochemical raised 50 yuan / ton on Wednesday, Sinochem lowered 50 yuan / ton on Friday, and the listing prices of other enterprises were stable. The selling price of pure benzene on Friday is 5500-5950 yuan / ton.


2、 Analysis and comment


1. Product: this week’s pure benzene port inventory is slightly lower than last week. Affected by the situation in the Middle East at the beginning of the week, oil prices soared, driving the price of pure benzene up in the external market and the domestic market. However, in the later period, the oil price plummeted and the support surface weakened. In addition, the downstream trading has been light and the profit is insufficient, so the market fell back.


potassium persulphate

2. Crude oil: this week’s oil price shows a parabola trend, and it went down for four consecutive days after Monday’s big rise. Earlier this week, oil prices rose as concerns about the supply or decline of crude oil increased as tensions in the Middle East escalated last week. Later, oil prices fell sharply due to an unexpected increase in US crude oil inventories and signs of easing in the Middle East. WTI fell 6.1% and Brent fell 2.8% compared to January 3.


3. Downstream industry: this week, styrene market is in a narrow range of volatility consolidation trend. The arrival of styrene in the main port increased. Generally speaking, the styrene market was forced to stay short this week, with a trading deadlock, up 1.17% compared with last Friday.


This week, aniline enterprises in the lower reaches of Shandong province competed for shipment, and Jinling reduced 100 yuan / ton, a drop of 0.52%. The upstream pure benzene price is still high, the downstream demand is light, and the profits of aniline enterprises are in deficit.


3、 Future forecast


1. Crude oil: next week, the oil price will return to the previous level and wait for the follow-up direction.


2. Market: the stock up before the year is basically over, near the Spring Festival, with heavy snow in the north and limited transportation, it is difficult for Northern resources to enter East China for arbitrage, and East China’s supply may remain at the current level. Styrene is expected to arrive more next week, and inventory will continue to rise. Downstream terminal digestion pressure, receiving intention is weak, market bearish mood spread. Downstream market will continue to limit the recovery of pure benzene market.


Comprehensive consideration, it is expected that the price of pure benzene will continue to consolidate in the next week.
potassium persulphate

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>