1、 Price trend

 

According to the data from the bulk list of business associations, after half a month’s decline, pure benzene rebounded slightly this week. On July 5, the listed price of pure benzene was 2900-3300 yuan / ton (average price was 3140 yuan / ton); on Sunday (July 12), the listed price of pure benzene was 3050-3300 yuan / ton (average price was 3150 yuan / ton), which was 10 yuan / ton, or 0.32% higher than last week.

 

Chitosan oligosaccharide

2、 Analysis and comment

 

This week, Sinopec’s listed price of pure benzene remained stable, and the price of pure benzene in Shandong rebounded slightly. In the first half of the week, Shandong pure benzene experienced a wave of bottoming rebound. In the second half of the week, due to the continuous impact of higher inventory, the market mentality was slightly poor and the price was stable.

 

On the external side, the external price fluctuated slightly this week. On Thursday (July 9), South Korea imported 414.67 US dollars / ton of pure benzene, down 7.66 US dollars / ton, or 1.81%, compared with July 3; and East China imported 428 US dollars / ton of pure benzene, up 4 US dollars / ton, or 0.94% compared with July 3.

 

The upstream crude oil fluctuates in the range, and the price guidance for pure benzene is small. Brent fell 0.025 U.S. dollars / barrel, or 0.06%, and WTI was stable. Compared with December 31, 2019, Brent decreased by 35.42%, and WTI decreased by 32.93%.

 

On the downstream side, the styrene market has improved slightly. As of July 12, the styrene price in Shandong was 5400 yuan / ton, up 33.33 yuan / ton or 0.62% compared with last week.

 

Aniline inventory pressure eased, the price of Shandong Province rose 100 yuan / ton. On July 10, the price of aniline in Shandong was 4200-4280 yuan / ton, and that in Nanjing was 4100-4300 yuan / ton.

 

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3、 Future forecast

 

At present, it is difficult for the international oil price to rise sharply. It is estimated that the oil distribution price will fluctuate around $40 per barrel in July. In the pure benzene market, the port inventory is still high, and the large-scale equipment overhauled in the early stage has been restarted, so the market supply pressure will continue to increase in the later stage. The load of downstream phenol ketone was reduced due to maintenance, which further reduced the pure benzene.

 

It is expected that the price of pure benzene will be weak next week, mainly finishing.

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