1、 Price trend

 

The price of pure benzene fell this week, according to the data in the business club’s large list. Last Friday (February 7) the price of pure benzene was 5200-5800 yuan / ton, and this Friday’s price was 5050-5800 yuan / ton, down 0.56% from last week.

 

2、 Analysis and comment

 

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1. Product: the port inventory of pure benzene this week is not much different from last week. The downstream starting load of pure benzene is still low, the demand is limited, and the overall trading atmosphere of the market is not active. Some northern enterprises are forced by the pressure of shipment to promote the transaction at a low price.

 

2. Crude oil: this week, the overall crude oil price rose, the market is good. The impact of the epidemic has eased, OPEC is willing to cut production strongly, and geographical factors are favorable for oil prices. WTI was up 2.98% and Brent was up 5.71% compared with February 14.

 

3. Downstream industry: the mainstream price of styrene in China rose slightly this week, with Friday’s price at 6633.33 yuan / ton, 1.02% higher than last week.

 

This week, affected by Jinling’s parking and Nanhua’s cargo preparation, the supply of aniline decreased and the price rose, 2.3% higher than last week.

 

3、 Future forecast

 

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1. Crude oil: oil price may continue to rise next week, but the rise will slow down.

 

1. Market: the demand for downstream styrene is not strong, the inventory pressure increases, the operating rate decreases, and other downstream operating rates also decrease. The demand has greatly restricted the pure benzene market.

 

It is reported that Japan and South Korea have a lot of equipment overhauls in March. Pay attention to the operating rate of downstream pure benzene enterprises in the later stage.

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