1、 Price trend

 

According to the data of the business club’s large scale list, the price of pure benzene on May 9 was 3100-3550 yuan / ton (average price of 3270 yuan / ton); the price of pure benzene on Sunday (May 17) was 3100-3600 yuan / ton (average price of 3310 yuan / ton), 1.22% higher than last week.

 

2、 Analysis and comment

 

1. Products: the beginning of the week continued last week, the pure benzene negotiation atmosphere is good. In the second half of the week, the domestic center of gravity weakened due to the negative decline in the external market, and the high-end price of pure benzene Market in Shandong fell.

 

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3. Outside: on Friday (May 15), South Korea imported 378.67 US dollars / ton of pure benzene, up 13.67 US dollars / ton, up 3.75% from May 8; East China imported 382 US dollars / ton, down 3 US dollars / ton, down 0.78% from May 8.

 

3. Crude oil: with the relaxation of blockade measures in many countries and gradual recovery of economy, the demand for automobile transportation and fuel is expected to increase. In addition, Saudi Arabia and other oil producing countries announced to expand production reduction, boosting oil prices. However, the lifting of the blockade will lead to the risk of secondary public health events, which will aggravate the short-term fluctuation of oil prices. Brent rose $5.09, or 20.28%, this week from May 8, while WTI rose $3.35, or 12.8%. Compared with December 31, 2019, Brent decreased by 54.79% and WTI by 51.42%.

 

4. Downstream industry: styrene operation rate has declined in the near future, factory inventory and port inventory have declined, but they are still higher than the same period last year; it is estimated that the port arrival volume is still large in the middle and late May. Styrene prices in Shandong Province fell 0.63% from the weekend to 5266.67 yuan / ton on the 15th.

 

This week, the trend of aniline was stable, and the market price was stable. On Friday, the price in Shandong was 4600-4690 yuan / ton, while that in Nanjing was 4700-4820 yuan / ton, up 0.72% from last week.

 

3、 Future forecast

 

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1. Crude oil: the recovery prospect of crude oil demand is good, but the negative still exists, and the short-term oil price fluctuates greatly.

 

2. Market: the downstream pure benzene enterprises are in a profit-making state as a whole.

 

In the short term, domestic pure benzene will follow the adjustment of crude oil and foreign market.

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