Price Trend
According to the data of the business association’s list, pure benzene showed a downward trend this week. Monday’s price was 582-5900 yuan/ton, and Friday’s price was 5600-5900 yuan/ton. Compared with last Friday’s, this week’s pure benzene fell by 1.19%.
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II. Analytical Review
1. Products: Sinopec’s listed price this week is firm, at 5900 yuan per ton. Last week, the Saudi Arabian incident led to a surge in crude oil and pure benzene, benefiting the domestic market and pure benzene. The impact of this week’s events has subsided. Although the inventory of Zhouzhuangdong Port declined slightly, some factories were parked near the lower reaches of the Eleventh century, and environmental protection requirements caused certain restrictions on transportation. The demand for pure benzene was reduced, and the price of hydrobenzene in Shandong Province began to decline.
2. Crude oil: Last week, international oil prices rose by more than 4% due to the Saudi Arabian incident. This week, the impact subsided, and international oil prices shook downward. WTI fell by 2.82% and Brent by 3.12% compared with last Friday.
3. Related industries: Downstream styrene showed a downward trend of 0.95% this week; downstream aniline rose 3.14% this week, benefiting pure benzene.
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4. External market: This week, due to the negative impact of crude oil prices, the external market shocks downward, and the support surface for domestic pure benzene decreases.
3. Future Market Forecast
1. Crude oil: next week, international oil prices will return to shock range consolidation.
2. Domestic market: Likon: The recent Blue Sky Defense War has a strong influence, transportation constraints hinder the good market of pure benzene. Advantages: Port stocks in East China are declining and imports of pure benzene are on the low side.
After the festival, downstream or releasing demand, and downstream styrene futures listed, still need to focus on. Considering comprehensively, pure benzene or rigid operation is expected to dominate in the near future.
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