I. price trend
According to the data in the business club’s large list, the price of pure benzene at the beginning of this week is still weak after a slight recovery. On Friday, the price of pure benzene dropped at 5000-5600 yuan / ton, and on Friday, the price of pure benzene was 5000-5600 yuan / ton, which is basically the same as last week’s price, stable and small.
II. Analysis and comment
1. Products: at the beginning of this week, the pure benzene market was affected by the short squeeze and the spot supply in East China was tight, with the price up. Near the end of the weekend, the shortage of replenishment ended, the market mentality turned to prudence, and the price weakened.
2. Crude oil: this week, the international oil price slowly fell and then rose rapidly. At the beginning of the week, due to various data showing the weak economy, the market was worried about the decrease of crude oil demand, and the mentality was short. U.S. crude oil stocks were down 1.7 million barrels from last week on Wednesday, with news that OPEC may consider increasing production cuts at its December meeting, and oil prices rose rapidly. WTI was up 4.38% compared with last Friday (October 18), Brent was up 3.05%.
| sodium metabisulphite |
3. Related industries: downstream styrene rose after falling this week, up 0.43% compared with last week, with low profit level and weak support due to device problems.
4. External market: at present, the internal and external markets are in order, and the price difference is large; the Asian American arbitrage window is closed, pure benzene merchants feel pressure, and the market mentality is cautious.
III. future forecast
1. Crude oil: in the next week, the oil price may be consolidated at a high level, focusing on OPEC production reduction activities.
| sodium bisulfite |
2. Domestic market: the supply of coking industry is sufficient, and the impact of short-term low price still exists. The low profit level of downstream styrene, coupled with frequent problems in the plant, leads to demand or affected.
Taking into account, it is expected that the weak trend of pure benzene will continue next week, but port inventory may limit the decline.
| http://www.ferrousfumarate.net |