Price trends:

The crude benzol commodity index on September 9 was 62.69, unchanged from yesterday, down 52.45% from the cyclical peak of 131.84 points (2013-01-28), and up 59.72% from the lowest point of 39.25 on December 22, 2014. (Note: Period refers to 2011-09-01 to date).

II. Market analysis:

This week (9.02-9.06) the domestic crude benzol Market rose slightly. The average domestic market price was 3930 yuan/ton at the beginning of the week and 403.33 yuan/ton at the end of the week, up 1.87%.

Domestic market: This week’s crude benzol Market offer slightly increased, the mainstream market offer in 3950-4230 yuan/ton, 80 yuan/ton higher than last week. This week, coking enterprises started a stable operation with a start-up rate of about 80%, crude benzene production was relatively stable, downstream demand for hydrobenzene prices rose this week, several enterprises in Shandong started construction, hydrobenzene profits rose, production was good, just needed to maintain procurement, which is conducive to boosting crude benzene demand.

Industry Chain: Crude Oil: This week, international oil prices rose rapidly after a sharp fall, the overall decline was slightly lower than last Friday, Brent fell by 0.62%, WTI fell by 0.79%. Oil prices plunged as European and American manufacturing data sparked fears of global economic weakness and trade disputes. On Wednesday, news from the United States and Iraq warmed up and increased supply risk and oil prices rose rapidly. Pure benzene: This week, the inventory of pure benzene in eastern China fell again, the supply of market resources was tight, and the price of pure benzene was well supported. The downstream East China styrene plant was shut down for production and maintenance, which led to the limited replenishment of hydrobenzene resources in eastern China, which was good for driving up the price of pure benzene. The weak external support at the beginning of the week led to a cautious attitude in the domestic market. Following the rise of international oil price, the price of pure benzene on the outer plate increased. The Asian-American arbitrage window is still open, but the shortage of resources in the early stage has eased and its influence on the market is limited.

3. Trend forecast:

Near National Day, the environmental situation in North China and its surrounding areas is becoming more and more tense. In addition, transportation in the surrounding areas will be affected. The crude benzol market still has some room to rise under the influence of a small rebound in the external market of pure benzol and an increase in the listing price of pure benzol in Sinopec.