This week’s price of pure benzene rose 4.05% (may 25-may 31, 2020)

1、 Price trend


According to the data in the business club’s large list, the price of pure benzene on May 24 was 3300-3750 yuan / ton (average price of 3460 yuan / ton); the price of pure benzene on Sunday (May 31) was 3450-3850 yuan / ton (average price of 3600 yuan / ton), up 4.05% from last week.


2、 Analysis and comment


1. Product: this week, the price of Sinopec’s pure benzene was increased by 150 yuan / ton to 3500 yuan / ton. Prices rose on Tuesday, supported by positive crude oil and external market conditions. At present, the price of pure benzene in the far month is rising, but the spot negotiation is general.


3. Outside market: this Monday is an American holiday. The outside market is closed for one day. On Tuesday, the market rose sharply, but it continued to fall since Wednesday. On Friday (May 29), South Korea imported 398 US dollars / ton of pure benzene, down 6.67 US dollars / ton, or 1.65% from May 22; East China imported 407 US dollars / ton of pure benzene, up 1 US dollar / ton, or 0.25% from May 22.


Sulfamic acid 99.50%

3. Crude oil: this week, the price of oil rose in an oscillatory way. Crude oil production continues to decline, gasoline demand shows signs of recovery, and the overall oil price shows an upward trend. However, the contradiction between the supply and demand of crude oil is still prominent, and the oversupply is still the primary problem restricting the oil price. This week, it was reported that Russia began to reduce production in July, and oil prices were under pressure again. Brent was up $1.53/barrel, or 4.66%, on May 22, while WTI was up $2.59/barrel, or 7.79%. Compared with December 31, 2019, Brent decreased by 48.51% and WTI by 41.02%


4. Related industry chain: driven by pure benzene and crude oil market, the hydrogenated benzene market rose by 100 yuan / ton this week. This week, some hydrobenzene units were restarted, and market supply is expected to increase.


“One helmet area” brings good dissipation, and this week styrene oscillates downward. Styrene prices in Shandong Province dropped 83.33 yuan / ton, or 1.52%, from last week to 5416.67 yuan / ton on Tuesday.


Last Thursday, the aniline Market in Shandong Province was stable again after the reduction of 200 yuan / ton of aniline. The price of aniline remained stable for a week, while the price of aniline remained weak. On the 29th, the price of aniline in Shandong was 4400-4490 yuan / ton, and that in Nanjing was 4600-4820 yuan / ton.


Sulfamic acid 

3、 Future forecast


1. Crude oil: Saudi Arabia and other OPEC producing countries are considering extending the cut to the end of 2020. Attention OPEC will hold another meeting on June 10.


2. Market: it is heard that the turnover of pure benzene is 3600 yuan / ton in May, 3680-3700 yuan / ton in June, 3760 yuan / ton in July and 3800 yuan / ton in August. The operating rate of hydrogenated benzene enterprises has increased, the pressure on supply and demand has increased, or the pure benzene market has been affected.


In the long run, the market price of pure benzene will continue to rise, but there is still a possibility of oscillation in the short term.