Price trends:

In August 2019, the hydrobenzene market rose after the shock. The ex-factory price in North China was 4950 yuan/ton at the beginning of the month and 516.67 yuan/ton at the end of the month, with a monthly increase of 3.37%.

On August 31, the hydrobenzene commodity index was 56.48, which was the same as yesterday. It was 44.63% lower than the peak of 102.01 points in the cycle (2014-01-09), and 26.75% higher than the low of 44.56 points on August 31, 2015. (Note: Period refers to 2013-12-01 to date).

II. Market analysis:

Domestic market: Hydrobenzene market rose by 3.37% monthly after the shock this month. From the trend, the first half of the month’s price fluctuation trend, price fluctuation slightly, about 100 yuan/ton. In the middle of the month, it was affected by the rebound of pure benzene external market and typhoon weather, which had double positive effects on the production of pure benzene plant. The market mentality improved, and the main producing area of crude benzene. Bidding prices have been raised substantially, downstream and traders have actively entered the market, the market trading atmosphere has improved, the low-level supply is difficult to find, the hydrobenzene market has been rising positively, and the shipment situation is better. After entering the latter ten days, the market favorable factors were released centrally, the external market of pure benzene rose successively, and the price of crude benzene in the upstream rose obviously, with a weekly increase of about 500 yuan/ton. In recent years, the price difference between crude benzene and hydrobenzene is obvious, profits have increased, and hydrobenzene enterprises have started construction more actively. From around 20 to the end of the month, the market price of hydrobenzene in Shandong rose to 5100 yuan/ton, 300 yuan/ton higher than last week. Eastern China rose to 5200 yuan per ton and 100 yuan per ton.

Industry Chain: Crude Oil: In August, crude oil shocks in Europe and the United States declined. Oil distribution fell 6.54% from the end of last month, while U.S. oil fell 3.91% from the end of last month. Bear: Mainly affected by trade disputes, market concerns about slowing economic growth, declining demand for crude oil intensified, and oil prices fell. Game with other positive factors, leading to this month’s international oil price shocks. Pure benzene: At the beginning of the month, the price of crude oil and external pure benzene continued to fall, which had a negative impact on the domestic market, and the downstream market was relatively weak, and the price of pure benzene fell. Affected by typhoon in the middle of the year, some installations in Shandong stopped, the supply decreased, and the price of pure benzene rebounded. Subsequently, due to the shortfall in the supply of pure benzene in the United States, the price of pure benzene in the U.S. dollar disk continued to rise, and the arbitrage window between the United States and South Korea remained open, supporting the domestic pure benzene market to improve.

3. Trend forecast:

Entering the National Day in September, the pressure of environmental protection of manufacturers is increasing, the market mentality is cautious, and the future market of pure benzene continues to improve, the market mentality is positive, there is a certain amount of room for future market stability.