According to the price monitoring of the business community, the price of lithium carbonate stopped rising and retreated in April 2022, and the price remained volatile and lower until the end of the month. On April 28, the average price of industrial grade lithium carbonate in East China was 464000 yuan / ton, which decreased by 3.61% compared with the average price at the beginning of the month (the average price of industrial carbon in East China was 481400 yuan / ton on April 1). On April 28, the average price of battery grade lithium carbonate in East China was 480000 yuan / ton, which decreased by 5.06% compared with the average price at the beginning of the month (the average price of carbon in East China was 505600 yuan / ton on April 1). Until the 28th, the comprehensive price of industrial grade lithium carbonate was 440000-470000 yuan / ton, and the comprehensive price of battery grade lithium carbonate was 460000-495000 yuan / ton.

According to the observation of market changes, after the Qingming holiday, the price of lithium carbonate returned to stability, the operating rate of mineral enterprises gradually recovered, the temperature in Qinghai picked up, and the output gradually increased. Then the increase of new capacity in the market continued, and the supply continued to rise. In the demand side market, the orders of the downstream ternary end were affected by the fluctuation of nickel price, while the orders of cathode materials and iron lithium in April were affected. The procurement demand of the material side in the overall market was relatively light.

In the middle of April, the price of lithium carbonate broke the stability and began to decline. The market demand was relatively weak and the spot tension eased. Smelting enterprises also delivered at low prices, leading to the decline of small and medium-sized lithium salt plants and traders. In addition, the current domestic epidemic continues, which has an impact on the whole new energy industry chain. The shutdown of automobile enterprises and factories has led to the contraction of orders of battery enterprises, and the demand for lithium salt transmitted to the upstream continues to decrease. The price of lithium carbonate is still volatile and lower near the end of the month.

The downstream lithium hydroxide market fell. In April, with the continuous decline of the upstream lithium carbonate price, which dragged down the lithium hydroxide market atmosphere, the foreign lithium hydroxide market demand was good and the market was strong, the domestic downstream spot purchase demand was weakened, the performance of high nickel was still poor, and the lithium hydroxide Market was weak.

The price of lithium iron phosphate in the downstream decreased slightly. In April, the downstream market basically maintained the state of just in need of purchase, and the overall market operated smoothly. At present, some manufacturers are shut down, the market supply is still tight, and the supply side is obviously insufficient. It is mainly arranged and delivered by contract customers, and the number of new orders is limited. The upstream price is still relatively high, and the cost pressure of lithium iron phosphate remains.

According to the lithium carbonate analysts of business society, the impact of the current epidemic continues, and the impact on the demand side still exists. Although the upstream and downstream game state is maintained, the price support is insufficient when the demand is significantly weakened, and the market selling sentiment has put pressure on the price of lithium carbonate. It is expected that the price of lithium carbonate will continue to fluctuate weakly in the short term.

According to the monitoring data of business agency, as of April 27, 2022, the average price of organosilicon DMC market quotation in mainstream areas was 27160 yuan / ton. Compared with the price on April 24, 2022 (organosilicon DMC reference price 27980 yuan / ton), the average price was reduced by 820 yuan / ton, a decrease of 2.93%.

It can be seen from the data monitoring chart of business agency that this week, the domestic silicone DMC market showed a downward trend. Near the May Day holiday, the trading atmosphere in the silicone DMC venue is general, and the downstream goods of silicone DMC are always prepared carefully. Under the condition of poor demand boost, silicone DMC factories mostly began to sell goods at a profit. From the 25th of the week, some domestic silicone DMC factories successively reduced the ex factory price of silicone DMC, with a maximum reduction of 1200 yuan / ton per day. The high-low price difference of silicone DMC has been narrowing, and as of the 27th, The ex factory price of domestic silicone DMC is around 26300-27500 yuan / ton, the cumulative reduction range is around 1000-1500 yuan / ton, the current high-end price in the venue is around 28000 yuan / ton, and the decline in the week is 2.9%. At present, the wait-and-see mood in the downstream is still strong, the goods are calm and cautious, and the transaction is mainly negotiated.

In terms of upstream metal silicon, on April 26, the domestic metal silicon price maintained stable operation. According to the price monitoring of business society, the average price of domestic metal silicon market was 20860 yuan / ton on April 26. From the perspective of supply and demand, the market confidence of metal silicon has warmed up, and the inquiry has increased. Near the May Day holiday, the demand for goods preparation before the holiday has increased. At present, the supply has not changed significantly. The overall furnace has been started in more than half. As of the 21st, the overall furnace opening rate is 50.10%, with a month on month increase of 0.39%. Downstream aluminum alloy prices are down, downstream manufacturers resume work compared with the previous period, and the demand is released. However, under the continuous impact of the epidemic and the strong bearish sentiment of downstream customers for the future market, the market wait-and-see mood is heavy. Business analysts believe that the decline of metal silicon has stopped and stabilized as a whole. Under the macro positive and high cost, the short-term price is expected to remain stable.

Silicone DMC market outlook forecast

At present, only three days before the holiday, the silicone DMC market has also dropped to a low level after continuous decline. It is expected that the downstream wait-and-see users will also prepare goods in time in the past two days. The silicone DMC datagrapher of business society believes that in recent days, the domestic silicone DMC market will be able to stop the decline and stabilize the consolidation operation of enterprises. The market continues to have limited downward space. More attention needs to be paid to the basic changes in supply and demand.

According to the monitoring data of business agency, as of April 26, 2022, the average price of organosilicon DMC market quotation in mainstream areas was 27580 yuan / ton. Compared with the price on April 1, 2022 (organosilicon DMC reference price 27300 yuan / ton), the average price was increased by 280 yuan / ton, or 1.03%.

It can be seen from the data monitoring chart of business agency that in April, the domestic silicone DMC market rose and fell each other, with an overall increase of 1.03%. In the first ten days of April, on the 2nd, affected by the light trading atmosphere in the silicone DMC field and the cautious preparation of downstream goods, the mentality of silicone DMC operators was insufficient. Some factories reduced the ex factory price of silicone DMC by about 200-300 yuan / ton. After the Qingming holiday, Shandong big factory took the lead in raising the ex factory price of silicone DMC, driving the atmosphere in the venue to improve. On the 11th, the domestic silicone DMC market ushered in a wide rise, with a maximum increase of 1200 yuan / ton per day. The ex factory price of silicone DMC was around 28000-29000 yuan / ton, and then the low end price followed up slightly. As of the 13th, the ex factory price of silicone DMC was around 28240 yuan / ton, with a half month increase of 3.44%.

However, in the middle and late April, due to the impact of logistics constraints, the downstream rigid demand orders were limited. On the 15th, Shandong large factory rapidly reduced the ex factory price of silicone DMC to 27000 yuan / ton, and other factories mainly focused on stable prices. Then, the silicone DMC market was weak and consolidated. On the 19th, Shandong large factory slightly raised the silicone DMC to around 27200 yuan / ton, and the quotations of other factories were mostly stable around 28000-29000 yuan / ton. There was a large difference between high and low prices in the venue, and the downstream atmosphere was still cautious. Since the 21st, the domestic organosilicon DMC market has been rising and falling with each other, mainly rising as a whole. Among them, Shandong large factories have continuously raised the ex factory price of organosilicon DMC to 27500 yuan / ton, and the high prices of some other factories have fallen. The offer reference is around 28500 yuan / ton, and the difference between high and low prices in the organosilicon DMC market has narrowed. On the 25th and 26th, Shandong’s major manufacturers made stable quotations, and the quotations of other leading enterprises were callback 500 yuan / ton again. The difference between high and low prices in the venue continued to narrow. As of April 26, the ex factory price of domestic silicone DMC was around 27500-28000 yuan / ton. At present, the trading atmosphere in the venue is still cautious, and the wait-and-see mood in the downstream still exists.

In terms of upstream metal silicon, in April, the domestic metal silicon (Product Name: 411#) market generally fell. According to the monitoring data of business society, the reference price of metal silicon was 20860 yuan / ton on April 25, down 4.18% compared with April 1 (21770 yuan / ton). The price of 441# silicon in various regions on the 24th is as follows: the price range of #441 metal silicon in Huangpu port is 20800-20900 yuan / ton, with an average price of 20850 yuan / ton; The price range of #441 metallic silicon in Tianjin port area is 20800-21000 yuan / ton, with an average price of 20900 yuan / ton; The price range of #441 metallic silicon in Kunming is 20500-20600 yuan / ton, with an average of 20550 yuan / ton; The price range of #441 metallic silicon in Sichuan is 20500-20600 yuan / ton, with an average of 20550 yuan / ton; The price range of Shanghai #441 metal silicon is 21500-21600 yuan / ton, with an average price of 21550 yuan / ton.

DMC market forecast

At present, the wait-and-see mood in the downstream of the domestic silicone DMC field is still heavy, and the preparation of goods before the festival is cautious. The silicone DMC data division of business society believes that in the short term, the domestic silicone DMC market is mostly stable, mainly sorting and operation, and more attention needs to be paid to the trend changes of supply and demand.

This week’s spot tin market price (4.15-4.22) fluctuated. The average price of the domestic market was 343830 yuan / ton last weekend and 342830 yuan / ton this weekend, down 0.29% this week.

The K-bar chart of commodity price uses the concept of K-line of price trend to reflect the weekly or monthly price changes in the form of bar chart. Investors can buy and sell investment according to the changes of K-bar chart. Red means: rising; Green means: falling; The height of K column indicates the range of rise and fall.

According to the price monitoring of the trading society, in the list of commodity prices rising and falling in the 16th week of 2022 (4.18-4.22), there are 11 kinds of commodities rising month on month in the non-ferrous sector, and the top three commodities are dysprosium ferroalloy (2.77%), dysprosium oxide (2.57%) and nickel (2.54%). A total of 9 commodities fell month on month, and the top 3 products were magnesium (- 3.98%), silver (- 3.89%) and electrolytic manganese (- 2.22%). Both rose or fell by 0.07% this week.

Situation of tin futures market on April 22, 2022

varieties., Closing price, Compared with the same period last week, Inventory

Shanghai tin, 336300 yuan / ton- 6700, 2555 tons

London tin, US $42225 / ton- 1175, 2875 tons

Futures market: the trend of Shanghai tin fluctuated in a narrow range this week. The main contract changed month, and the overall inventory changed little. The trend of Lun tin was weaker than that of Shanghai tin as a whole.

Domestic transportation in Shanghai is still limited this week, with little impact in Guangdong. In terms of supply and demand, the problem of raw materials has been alleviated to some extent. In terms of supply, the market is expected to improve in April with the improvement of the import side and the overall supply will improve after some Indonesian goods enter the market. On the demand side, the operating rate of downstream end users has increased to a certain extent, but the downstream demand has not fully recovered due to various factors. Therefore, the market is mainly on the sidelines, and the tin price is expected to remain high and volatile in the future.

1、 Price trend

As can be seen from the above figure, the domestic market price of neopentyl glycol was adjusted at a low level this week, and the average price of the mainstream domestic market price of neopentyl glycol this week was 17533.33 yuan / ton. On April 23, the commodity index of neopentyl glycol was 84.50, unchanged from yesterday, down 18.44% from the highest point of 103.61 in the cycle (2021-09-22), and up 31.50% from the lowest point of 64.26 on January 3, 2022. (Note: the period refers to the period from September 1, 2021 to now)

2、 Market analysis

The quotation of mainstream manufacturers of neopentyl glycol this week was temporarily stable: the distribution price of Shanghai Qihua Wanhua neopentyl glycol at the weekend was 17300 yuan / ton, which was temporarily stable compared with that at the end of last week; The distribution price of Shandong Zhiying Jihua neopentyl glycol at the weekend was 17500 yuan / ton. Compared with last weekend, the quotation was temporarily stable. The distribution price of Jinan aochen Wanhua neopentyl glycol at the weekend was 17800 yuan / ton. Compared with last weekend, the quotation was temporarily stable.

From the upstream raw material market of neopentyl glycol, the domestic isobutyraldehyde market price fell slightly this week. This week, the average price of isobutyraldehyde in the mainstream domestic market fell from 14600.00 yuan / ton last weekend to 14533.33 yuan / ton this weekend, down 0.46%. The market price of upstream raw materials fell slightly and the cost support was insufficient. Affected by the supply and demand side, it had a negative impact on the price of neopentyl glycol.

3、 Future forecast

In late April, the market trend of neopentyl glycol may fluctuate slightly, mainly falling. The upstream isobutyraldehyde market fell slightly, the cost support was insufficient, the downstream coating market was general, and the downstream procurement enthusiasm was weak. Analysts of neopentyl glycol in business society believe that the short-term neopentyl glycol market may fluctuate slightly and fall under the influence of supply and demand, raw materials and other aspects.

According to the monitoring of business society, the market price trend of domestic phthalic anhydride has declined. Up to now, the quotation of phthalic anhydride is 8262.5 yuan / ton, up 25.19% year-on-year. Recently, the demand in the field is poor, and the market price of phthalic anhydride has declined slightly.

The price trend of domestic phthalic anhydride market fell, the delivery of phthalic anhydride in the field was general, the price trend of downstream DOP market fell, the price of orthobenzene fell, the plasticizer market was poor, the trend of downstream products fell, which was bad for the domestic phthalic anhydride market, and the market price of phthalic anhydride fell slightly. The operating rate of domestic phthalic anhydride manufacturers is less than 60%, the domestic spot supply of phthalic anhydride is normal, the downstream plasticizer industry mainly purchases on demand, and the actual transaction has little change. The market price trend of phthalic anhydride in East China has declined slightly, and the high-end transactions on the floor are limited. The mainstream of adjacent France source negotiation in East China is 8200-8300 yuan / ton, and the mainstream of naphthalene method source negotiation is 8100-8200 yuan / ton; The mainstream quotation of phthalic anhydride market in North China is 8250-8350 yuan / ton. The wait-and-see mentality of phthalic anhydride still exists in the field. The downstream is mainly purchased on demand, the price trend of phthalic anhydride is declining, and the market price trend of phthalic anhydride is falling.

Recently, the price trend of domestic orthobenzene has declined, and the on-site price is 8200 yuan / ton. The on-site price trend has fallen. The decline of domestic orthobenzene price is the negative impact of the phthalic anhydride market. Recently, the market trend of imported orthobenzene in the port area has declined. Recently, the inventory of orthobenzene in the port area has been removed, and the external quotation price of orthobenzene has fluctuated and decreased. The actual transaction price is subject to negotiation and detailed discussion on the actual order. Affected by this, the domestic phthalic anhydride market is depressed.

The market price trend of DOP in the downstream of phthalic anhydride has declined. According to the monitoring of business society, up to now, the domestic DOP price is 11887.5 yuan / ton. The operation of DOP enterprises in the field is stable, the supply of DOP is sufficient, the price of isooctanol has declined, the cost of DOP raw materials has declined, the operation of DOP enterprises is normal, the supply of DOP is sufficient, the PVC price is temporarily stable, the downstream demand is general, and the market transaction is poor. The downward pressure of plasticizer DOP market is increasing, and the rising power is weakened. The transaction price is subject to the real-time price. The DOP price is 11700-12100 yuan / ton. On the whole, the price trend of DOP is declining, and the affected price of phthalic anhydride market is slightly declining.

On the whole, the recent price trend of phthalic anhydride is temporarily stable, but the downstream plasticizer industry has a poor market, and the actual demand has not improved significantly. Affected by this, the phthalic anhydride market is depressed. It is expected that the power of phthalic anhydride market price rise in the later stage is insufficient, and there is a high probability of price decline.

On April 19, the price of international crude oil futures fell sharply, and Brent fell more than 5%. The settlement price of the main contract of WTI crude oil futures in the United States was US $102.97/barrel, down US $5.24 or 4.84%; The settlement price of the main contract of Brent crude oil futures was US $107.25/barrel, down US $5.91 or 5.22%. The main reason was that the International Monetary Fund (IMF) lowered its economic growth expectations and warned of rising inflation, which raised concerns about the demand outlook, and the higher dollar put pressure on the valuation of oil prices.

Previously, oil prices rose for four consecutive trading days. According to comprehensive calculation, WTI crude oil rose by 10%. Mainly affected by the war between Russia and Ukraine, the risk of oil supply shortage has increased significantly. Earlier, the market also heard that the EU may draft a bill banning the import of Russian oil, superimposing the force majeure factors of oil producing country Libya, resulting in the interruption of crude oil export, which exacerbated the bullish expectation of the market. However, after a round of strong rise, oil prices ushered in a sharp decline on Tuesday, mainly due to the return of market concerns to the demand side.

IMF lowered economic growth expectations, triggering demand concerns

On April 19, the International Monetary Fund (IMF) released its new world economic outlook report, which predicted that the global economy would grow by 3.6% in 2022, down 0.8 percentage points from the previous forecast. The reason is affected by the Russian Ukrainian war and warned that inflation has become a “clear and urgent danger” in many countries The pessimistic outlook exacerbated the pressure on the dollar to stay at a two-year high. Once the news came out, the oil price fell rapidly. Although the supply side expectation is still positive, under the conflict situation between Russia and Ukraine, it is superimposed on the macro level: the global inflation expectation may speed up the pace of the Fed’s interest rate hike. At present, the fragile global economy makes the market lack of confidence, thus suppressing the market risk appetite.

US crude oil inventories fell unexpectedly last week, according to the American Petroleum Institute (API) on Tuesday

US crude oil inventories unexpectedly fell sharply last week, while gasoline inventories unexpectedly rose, according to the American Petroleum Institute (API). As of the week of April 15, crude oil inventories decreased by 4.5 million barrels. Gasoline inventory increased by 2.9 million barrels and distillate oil inventory decreased by 1.7 million barrels.

In addition, the outlook of Tuesday’s US Energy Information Administration (EIA) report also shows that US oil inventories may increase significantly. On average, the nine analysts interviewed estimated that U.S. crude oil inventories increased by about 2.5 million barrels in the week ended April 15.

OPEC production in oil producing countries is lower than expected, and there are still risks in future supply

On April 12, the organization of Petroleum Exporting Countries and its allies (OPEC +) lowered their expectations for global crude oil demand this year in their monthly report, mainly due to the adverse impact of the conflict between Russia and Ukraine. The report said that this year’s global crude oil demand was 100.5 million barrels / day, down 400000 barrels / day compared with previous estimates. OPEC lowered its global economic growth forecast for 2022 to 3.9% from 4.2% a month ago, and believed that it could be further reduced. This reduction took into account the impact of the Russian Ukrainian conflict and public health events.

Out of its pessimistic judgment on future demand, the organization’s production increase policy has been relatively conservative, and there have been some difficulties in the realization of production in some countries. For example, Libya’s exports have been interrupted recently due to the local political turmoil. Citing a report of the OPEC + alliance reported by Reuters, OPEC + production in March was 1.45 million barrels / day lower than the target because Russia began to reduce production after the West imposed sanctions due to its invasion of Ukraine. The report shows that according to third-party sources, Russia’s oil production in March was about 300000 barrels / day lower than the target of 10.018 million barrels / day.

Outlook

Comprehensively considered, in the medium term, the long and short risks in the oil market are intertwined, the supply side is still affected by the situation in Russia and Ukraine, which will boost the oil price, and the oil price will still be shaken by the strong expectation of supply contraction. However, in the short term, the IMF lowered its economic expectations, and OPEC also lowered its economic expectations. Short term pessimism may still affect oil prices, and there are certain risks in the high market. It is suggested that practitioners should be cautious.

According to the data monitoring of business agency, the chloroform market fell this week (April 11-april 18). As of April 18, the price of chloroform apron in Shandong was 5712 yuan / ton, down 3.59% from 5925 yuan / ton last Monday.

According to the business agency, except that Dongyue, Jinling king and Fuqiang units continue to shut down, the construction of other methane chloride units in China is basically at a high level and the supply side is loose.

In April, the price of raw methanol fell, and the cost support was weak. According to the business agency, as of April 18, the price of methanol was 2805 yuan / ton, down 8.63% from 3070 yuan / ton at the beginning of the month.

The downstream refrigerant production and sales are not smooth, the plant operating load is low, and the demand for chloroform is weakened.

Analysts of methane chloride data of business society believe that at present, the support of downstream demand for trichloromethane is weakened, and the price of raw methanol has fallen sharply. It is expected that the price of trichloromethane may continue to weaken in the later stage.

Data monitoring shows that the polyacrylamide commodity index on April 15 was 97.41, unchanged from yesterday, down 12.64% from the highest point of 111.51 in the cycle (2021-11-03), and up 17.52% from the lowest point of 82.89 on August 2, 2020. (Note: the period refers to the period from April 1, 2019 to now)

Commodity market: data monitoring shows that in the first half of April, the mainstream quotation of polyacrylamide (CPAM, cation, molecular weight of 12 million, 10-30 ionic degree) in the domestic market decreased slightly, with a quotation of 16128.57 yuan / ton on the 1st and 15942.86 yuan / ton on the 15th, a decrease of 1.15% in the first half of the month. The production of the enterprise is relatively normal and the market inventory is sufficient; The downstream demand is general, the transaction is greatly affected by transportation capacity and cost, and the shipment pressure of enterprises is doubled.

Industrial chain: according to the data of business agency, the market of upstream raw material acrylonitrile increased first and then decreased in the first half of April. At the beginning of the month, the main price was about 11750 yuan / ton, and the price was reduced by 200 yuan / ton in the first half of the month to about 11550 yuan / ton at the current price; Acrylic acid, the raw material, fell sharply in the acrylic acid Market in the first half of April. On the 15th, the acrylic acid Market in East China was 13666.67 yuan / ton, down 10.68% from 15300 yuan / ton on the 1st. At present, the market price of raw propylene is rising, the cost support is rising, some units are shut down for maintenance, the market operating rate is declining, the demand side procurement is based on demand, the logistics and transportation in some regions are limited, and the market trading atmosphere is improved. It is expected that the acrylic acid market will be stable and good in the short term.

Liquefied natural gas is used in the production process. According to the data monitoring of business agency, the domestic LNG market fell endlessly in the first half of April, from 7374 yuan / ton at the beginning of the month to 6804 yuan / ton. Although there was a slight rebound in the middle of the month, the overall decline in the first half of the month was 7.73%. At present, the logistics has gradually recovered, the shipment of liquid plants has turned positive, and the price has rebounded and rebounded. At the same time, some liquid plants in some regions have maintenance plans, there is support on the supply side, and the domestic liquid market is relatively strong. It is expected that the domestic LNG market may continue to rise slightly in the short term.

Future forecast: at present, the prevention and control of public health events in Shandong and Henan are tense, and the delivery and transportation are affected. The transportation cost of polyacrylamide decreased slightly this week, except that the spot cost of polyacrylamide was sufficient. Affected by the weak downstream demand, the polyacrylamide market is expected to remain stable in the future, supplemented by small adjustments.

From April 8 to April 15, 2022, the bidding price of crude benzene decreased from 6801 yuan / ton last weekend to 6659 yuan / ton this weekend, a weekly decrease of 2.09%.

On April 14, the price of international crude oil futures closed up. The settlement price of the main contract of WTI crude oil futures in the United States was US $106.95/barrel, up US $2.70 or 2.6%; The settlement price of the main contract of Brent crude oil futures was US $111.70/barrel, up US $2.92 or 2.7%. As of Thursday, oil prices rose for three consecutive times, rising nearly 9% on the weekly line. It is reported that the EU may draft a bill banning the import of Russian oil. The expectation of oil product shortage caused by the conflict between Russia and Ukraine has surfaced again, and the oil price has been strongly supported.

Summary of price adjustment of Sinopec pure benzene (unit: yuan / ton)

Date, Adjusted price, Adjustment amount

March 16, 8200.,-400

March 22, 8400.,+200

March 24, 8600.,+200

April 12, 8450.,-150

On April 12, 2022, the listing price of Sinopec pure benzene was reduced by 150 yuan / ton and 8450 yuan / ton was implemented.

Other enterprises: Dongming Petrochemical offers 8250 yuan / ton, HSBC Petrochemical offers 8500 yuan / ton, Jincheng Petrochemical offers 8250 yuan / ton, Weilian chemical offers 8303 yuan / ton, Xinhai Petrochemical offers 8350 yuan / ton, and Hongrun Petrochemical offers 8550 yuan / ton.

Crude oil prices first fell and then rose this week. After falling on Monday, they began to rebound on Tuesday. Although crude oil continued to rise and cost support strengthened, due to public health events in various parts of China, the operating load in the downstream of pure benzene is low, and the overall demand for pure benzene is relatively light. Therefore, although the fundamentals are good, the downstream performance is poor. The rise of pure benzene price this week is blocked, and the price is mainly sideways. The mainstream price of domestic pure benzene this week is 8250-8550 yuan / ton. The price of hydrogenated benzene is mainly affected by pure benzene. Among them, the shipment of enterprises in Shandong is poor and the price is low. The hydrogenated benzene market is also under pressure and the price is low as a whole. Sinopec lowered the ex factory price of pure benzene to 8450 yuan / ton within the week, which once again affected the market mentality. At present, the overall market trading is general. Affected by the fundamentals, the bidding price of crude benzene decreased slightly this week, and decreased to 6920 ~ 6925 yuan / ton in Shandong. On the whole, at present, the positive fundamentals support is limited. Due to the general downstream demand, which hinders the overall trend of the industrial chain, the market is expected to maintain the consolidation trend in the near future. In the future, we will continue to pay attention to the impact of the international crude oil market, the external market, the dynamics of pure benzene and downstream devices, and changes in demand on the price of pure benzene.