From July 27 to July 31, 2020, the crude benzene market will go up. The factory price in North China will be 2325 yuan / ton at the beginning of the week and 2431.67 yuan / ton at the weekend, with a weekly increase of 4.59%.

 

POLYVINYL ALCOHOL

Summary of price adjustment of pure benzene in Sinopec (North China) in July 2020 (unit: yuan / ton)

 

Price adjustment amount after date adjustment

July 1 3050 – 200

July 23 3100 + 50

July 27 3200 + 100

30 July 3300 + 100

In July 2020, Sinopec increased the ex factory price of pure benzene three times and lowered it once. As of the end of the month, Sinopec implemented 3300 yuan / ton of pure benzene in North China, an increase of 50 yuan / ton compared with the same period of last month.

 

Sinopec raised the ex factory price of pure benzene twice on the 27th and 30th of this week, accumulatively increasing 200 yuan / ton. The external market of pure benzene rose for four consecutive times. This week, with the recovery of pure benzene market, the market price of hydrogenated benzene also rose, and the basic situation of crude benzene emerged. The bidding price of this week went up. As of Friday, the market price of crude benzene in Shandong was about 2470 yuan / ton

 

Start up of some hydrogenated benzene units in 2020

 

Enterprise name device status device capacity remarks

Shandong Shengyun Chemical Park 100000 tons

Shandong Derun Chemical Park 150000 tons

Shandong Jinneng Chemical Industry Park 100000 tons

Panjin Ruide parking 200000 tons, there are plans in the near future, to be determined

Shandong Huineng chemical 50% 200000 tons

PVA

Recently, there are still a lot of overhauling in hydrogenated benzene enterprises, some of which have been shut down for more than three months. The units of Tangshan Baoshun, Panjin Ruide, Jinneng and shouchuang have been shut down. The restart time is still to be determined. The overall operating rate in East China is low, and the demand for crude benzene is limited.

 

In the aftermarket, the Business Association believes that crude oil prices are mainly volatile, the pure benzene market has some advantages, the inventory is still high, and the downstream hydrobenzene enterprises’ cost pressure is still large, which is difficult to support the crude benzene price to continue to rise. It is expected that the crude benzene Market in the future will be mainly sorted out.

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The international crude oil price slightly fell back, and the gasoline market purchasing enthusiasm declined, which negatively affected the demand for intermediate materials such as MTBE. The price of MTBE on July 31 was 3750 yuan / ton, down 1.75% from the price at the beginning of the week, according to the business agency.

 

PVA

Since August, OPEC + has reduced the production reduction rate, the US crude oil inventory is still running at a high level, and the international oil price shows a downward trend. The demand of gasoline terminal is in the peak season in the dog days, but the international crude oil market has a downward trend. The middle and lower reaches of the market are operated cautiously, and the gasoline market loses its upward momentum.

 

As of July 31, the average operating load of atmospheric and vacuum distillation units was about 76%, 1% higher than last week. However, refineries’ demand for gasoline feedstock is relatively stable, but most of them are determined by sales according to production demand, and they tend to make periodic replenishment at low prices. Under the stimulation of MTBE manufacturers’ price reduction, the purchasing enthusiasm of middlemen was stimulated, but the downstream still focused on periodic replenishment.

 

According to the MTBE product analyst of energy branch of business agency, the domestic gasoline market has a rigid demand, but the international oil price shows a downward trend, and the enthusiasm of middlemen to enter the market is weak. It is expected that the price of MTBE market will enter a downward trend.

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1、 Price trend

 

POLYVINYL ALCOHOL

According to the data from the business club’s bulk list, the price trend of TDI market continued to rise this week. The average price in East China at the weekend was 11166.67 yuan / ton, up 2.76% compared with 10866.67 yuan / ton at the beginning of the week, and 21.18% lower than that of last year.

 

2、 Market analysis

 

During the week, the domestic TDI market was relatively strong, and the suppliers released good news to drive domestic demand to replenish their positions. The overall offer of the industry went up, and the attitude of supporting the market was obvious. After BASF announced that there was force majeure in the TDI device with an annual output of 160000 tons / year in the United States, it further supported the export, and the good news continued, and the domestic TDI market price went up. As of the 31st, the East China market quoted 11200-11500 yuan / ton for domestic goods with bills, and 11400-11600 yuan / ton for Shanghai goods with bills; the center of gravity of the North China market was up, the market was warm, and the offer was high, and the downstream inquiry intention was increased; the strength of South China market was on the rise, and the industry’s mentality was improving, and more exploratory high-level offers were made.

 

PVA

This week, the market of toluene rose steadily, the focus of market negotiation was relatively gentle, the port inventory was high, the progress of destocking was slow, the downstream demand of toluene was not high, the negotiation atmosphere was not active, sporadic vendors’ offer and shipment were still low-end, which had limited support for the toluene Market; as of the 31st, the domestic average price was about 3360 yuan / T, up 0.60% month on month compared with last week, and it is expected that the domestic toluene market will be small in the future Volatility.

 

3、 Future forecast

 

According to the analysis of the Data Engineer of the business agency, this week, the domestic TDI market is relatively strong, the supplier’s attitude to support the market is obvious, the market offer is high, the downstream factory orders are restored, and the demand for Ti has increased, which helps the domestic TDI market to rise. The good news is constantly on the rise. It is expected that the TDI market will continue the upward trend in the future, and pay attention to the news of the downstream market.

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