1、 Price trend:
On May 22, crude benzene commodity index was 43.72, up 1.13 points from yesterday, 66.84% lower than 131.84 (2013-01-28), and 43.16% higher than 30.54, the lowest point on April 8, 2020. (Note: cycle refers to 2011-09-01 to now).
| sulphamic acid |
2、 Market analysis:
Domestic market: Sinopec raised the price of pure benzene twice this week, totaling 200 yuan / ton. At present, it has implemented 3350 yuan / ton. On the 21st of this week, the price of crude oil futures market rose, and the settlement price of main contracts was 33.92 yuan / barrel. WTI has reached the high point since March 10. The continuous rise of crude oil has driven up the price of pure benzene. Shandong coking enterprises are affected by the reduction of coal consumption this week. Coking enterprises The production limit is about 30-50%, crude benzene supply is slightly reduced, and the start-up of hydrogenated benzene enterprises this week slightly rebounded, which has a certain boost to the crude market, but the cost pressure of hydrogenated benzene enterprises is still large, the bidding price of crude benzene enterprises this week is increased, as of Friday, the quotation in Shandong region is around 2790 yuan / ton, about 110 yuan / ton higher than last week.
| Sulfamic acid |
Industry chain: crude oil: on Thursday, May 21, WTI crude oil futures market in the United States rose, with the settlement price of main contracts at 33.92 yuan / barrel, or 0.43 USD. Brent crude oil futures market rose, with the settlement price of main contracts at US $36.06/barrel, or US $0.41. This is also the sixth day for crude oil to continue to rebound, and WTI has reached a high since March 10. The main reason is that the reduction of production has suppressed the contradiction between supply and demand in the oil market under the pressure of the epidemic. Pure benzene: the mainstream price of 3375-3450 yuan / ton of pure benzene in East China is 95 yuan / ton higher than last week; the mainstream price of pure benzene in Shandong is about 3455-3550 yuan / ton, and the mainstream price is 95 yuan / ton higher than last week.
3、 Trend Forecast:
According to the business community, the oil price is still at a relatively low level in history. The recent continuous rebound is due to the easing of the contradiction between supply and demand of crude oil. However, the current market demand is still weak and in the process of gradual recovery. In the short term, the oil price will continue to fluctuate. In terms of pure benzene, the downstream lacks support. It is expected that the market of pure benzene will mainly fluctuate in the short term. Affected by this, it is expected that the crude benzene market will maintain consolidation and mainly focus on the future crude oil trend.
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