First, the price trend:
Second, the market analysis: Domestic market: Crude benzene market offer rose slightly this week in east China this week’s tender prices rose by about 10 yuan/ton, most manufacturers prices stable. Market supply, the recent coking enterprise construction rate, Shanxi Shaanxi is affected by environmental protection overall in about 70%, Shandong region slightly higher in about 80%, Hebei region by air quality impact slightly lower in 60%. As of Friday, Shandong region processing crude benzene quotation stable quotation range in 3250 yuan/ton, Shanxi region processing with crude benzene price stable in 3100-3150 yuan/ton. Inner Mongolia area processing with crude benzene quotation stable quotation in 3000 yuan/ton.
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Downstream hydrogenated benzene enterprises in the recent construction rate, although gradually restored, but still to digest inventory mainly, crude benzene procurement enthusiasm in general, difficult to form support for the market. Industrial chain: Crude oil: Oil prices overall high volatility this week, closing oil prices fell sharply in Thursday. Pure benzene aspect: The message surface is basically smooth, to the spot market cost support is strong, the market low price resources are difficult to find, the merchant’s willingness to price is strong. Although the port stock has been lower, but the overall range is not small, the market influence is low. Constant force start load will gradually improve, downstream plant inventory is high, the willingness to take goods is low, the overall atmosphere is light. Although domestic inventory has a small drop, but the overall stock volume is still at a high of 23.24 million tons. Hydrocracking: This week, the market price of hydrogenated benzene is more stable, as of Friday, Shandong region, the mainstream quotation range of the hydrogenation market in 4150-4200 yuan/ton, the same as last week, the East China hydrogenated benzene market mainstream quotation range of 4350-4450 yuan/ton, compared to last week cut 50 yuan/ton. This week, hydrocracking Enterprises began to gradually resume, Shandong region Enterprises basically resumed construction, only Shandong Holy Transport and Shandong Jade Emperor device parking, another Shandong Jin energy 100,000/ton device started in about 75%, the basic return to normal production, Hebei region most devices resumed driving.
The overall market supply is more normal, trading stability.
Third, the trend forecast: Recently, Sinopec pure benzene listing price has not been raised news. Crude benzene long-term low operation, downstream and traders still have a large inventory in hand, the recent replenishment plan is less, coke Enterprise is more pressure to go, and the terminal market maintenance is increased, pure benzene market consumption is limited, the market mentality is still empty, short-term market material is difficult to significantly rebound.
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