1、 Price trend:

On February 16, the hydrogenated benzene commodity index was 57.76, unchanged from yesterday, down 43.38% from 102.01 (2014-01-09), the highest point in the cycle, and up 29.62% from 44.56, the lowest point on August 31, 2015. (Note: cycle refers to 2013-12-01 to now).

2、 Market analysis:

Domestic market: due to factors such as traffic and delay in resumption of work, Sinopec’s price of pure benzene has been lowered, while that of hydrogenated benzene has been falling. By Friday, the main price of hydrogenated benzene in Shandong was 4800-5000 yuan / ton, about 150-200 yuan / ton. After the saving, the bidding price of crude benzene has been lowered. The main price in Shandong is 3500-3600 yuan / ton, and the price difference with that of hydrogenated benzene has reached about 1400 yuan / ton, greatly easing the situation Due to the cost pressure of the hydrogenation benzene enterprise, but affected by road transportation and commencement delay, the operation rate of the main production area of hydrogenation benzene is about 50% in the near future, and there is no specific operation time for some units.

Industrial chain: crude oil: the crude oil market is still restricted by the epidemic this week. However, the market is concerned about the process of OPEC production reduction, and the impact of the epidemic has eased. This week, the crude oil market recovered. WTI was up 2.2% and Brent was up 4.07% compared with February 7. Pure benzene: pure benzene port inventory accumulation. The process of downstream resumption is slow. In addition, styrene plant reduces production and raw materials are released. At present, pure benzene is in the situation of weak supply and demand, and is still constrained by transportation. Downstream: most of the downstream enterprises operate with reduced load and some factories stop. The price of styrene in Shandong this week was 6600 yuan / ton, down 5.04% from last Friday. Jinling aniline plant was shut down, the supply of goods decreased, but due to the constraints of downstream demand, the price increased slightly.

3、 Trend Forecast:

Next week, the oil price will focus on the process of OPEC production reduction and the recovery of the epidemic situation. In the near future, pure benzene enterprises will reduce the load operation, and the start-up of hydrogenation benzene enterprises will not be high. The external plate of pure benzene will be in weak operation in the near future. It is expected that the market of hydrogenated benzene will be dominated by weak consolidation next week.