The crude benzol Market rose by 10.94% in June 2019.

Price trends:

In June 2019, the crude benzol Market shocked and rose. The ex-factory price in North China was 3,200 yuan/ton at the beginning of the month and 3,550 yuan/ton at the end of the month, with a monthly increase of 10.94%.

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II. Market analysis:

Domestic market: pure benzene external market continues to rise, Sinopec’s listed price of pure benzene increased to 4850 yuan/ton, hydrobenzene enterprises are following up positively, the market is more favorable, domestic mainstream crude benzene manufacturers’bidding price increased, downstream market entry enthusiasm increased, low-level supply in the field is difficult to find. Due to the stable start of downstream construction, and the early inventory has been consumed, downstream buying is high, the market is still bullish after the market, coke enterprises go relatively smoothly. As for the market, the crude benzol quotation for processing in Shanxi Province was stable at 3400-3450 yuan/ton, up 400 yuan/ton from last month; the crude benzol quotation for processing in Shandong Province was stable at 3650-3700 yuan/ton, up 400 yuan/ton from last month. In terms of market supply, with the recent rise in coke prices, the start-up rate of manufacturers has increased, and the overall start-up rate has remained around 70%.

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Industry chain: crude oil: Brent crude oil and U.S. crude oil prices fell first and then rose in June. Overall, oil distribution fell slightly from the end of last month, while U.S. oil rose more than 10% from the end of last month. Oil prices fell to their lowest level on June 13, falling below the $60/barrel mark, as sentiment in the crude oil market declined at the beginning of the month. Starting in the second half of the month, the tension between the United States and Iraq deepened. In addition to various incidents, oil price shocks rose, and U.S. oil rose to its highest level this month at the end of the month. Pure benzene: In the first ten days of this month, pure benzene continued its stable form last month, basically maintaining a stable price. Starting in the middle of this month, stimulated by the rising price of downstream styrene and the decline of port inventory, the price has risen many times, reaching its highest level this month on the 26th.

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3. Trend forecast:

As of the end of this month, the external market of pure benzene has slightly fallen, the international oil price is weak, the good stamina is insufficient, and the purchasing intention of downstream has fallen. It is expected that the future market will continue a slight upward trend, with narrow fluctuation as the main factor, but the fluctuation space is limited.