1、 Price trend:

On March 13, the hydrogenated benzene commodity index was 52.24, unchanged from yesterday, 48.79% lower than the period’s highest point 102.01 (2014-01-09), and 17.24% higher than the lowest point 44.56 on August 31, 2015. (Note: cycle refers to 2013-12-01 to now).

2、 Market analysis:

Domestic market: this week, there is no obvious change in the start-up of hydrogenated benzene enterprises. The situation of manufacturers’ delivery is general. The cost pressure of enterprises has eased but is still under the cost. Enterprises still have some pressure. As of Friday, the market price of hydrogenated benzene in Shandong is about 4350-4400 yuan / ton. About 350 yuan / ton lower than last week. Although the bidding price of crude benzene in this week’s market has declined, hydrogenated benzene enterprises will still face cost problems in the short term.

Industry: according to the price monitoring of the business agency, in the 10th week of 2020 (3.9-3.13), there are 11 kinds of commodities rising month by month in the list of commodity prices in the chemical industry sector, among which there are 3 kinds of commodities rising by more than 5%, accounting for 3.4% of the number of commodities monitored in the sector; the top 3 commodities are ammonium chloride (17.14%), liquid ammonia (11.43%) and sulfur (7.18%). There are 40 kinds of commodities falling on a month on month basis, 14 kinds of commodities falling by more than 5%, accounting for 16.1% of the number of commodities monitored in this sector; the top three products falling are PX (- 11.29%), ox (- 10.71%), acetone (- 10.26%). This week’s average was – 1.5%.

3、 Trend Forecast:

The oil price is still likely to bottom in the short term. At present, the market should pay close attention to the trend of OPEC and the development of the epidemic situation. Recently, the cost pressure of hydrogenated benzene enterprises is still the same. After the heating season, the focus is on the start-up of coking enterprises. It is expected that the market of hydrogenated benzene will be mainly consolidated.