Price trends:

II. Market analysis:

Domestic market: Since mid-June, the external market of pure benzene has continued to rise, especially in the United States, which has greatly boosted the market mentality. This week, the price of pure benzene has risen 50-200 yuan for three consecutive days, with a weekly increase of 6.5%. Downstream hydrobenzene enterprises followed the rise, and the ex-factory price generally increased by 100 to 200 yuan. On the supply side, Shandong Province has a relatively large capacity limit this week. The coke enterprises in Hebei and some parts of Shanxi Province have a 30-50% production limit. The output has declined, and the tender sentiment is strong. As of Friday, the quotation range of crude benzol for processing in Shanxi Province is 3400-3450 yuan/ton, up by 150 yuan/ton; and the quotation range of crude benzol for processing in Shandong Province is 3650-3700 yuan./ About 200 yuan per ton.

Industry Chain: Crude Oil: This week’s oil price shocks rose, compared with last week’s overall rise. US crude oil was close to $60 per barrel due to the sharp decline in US crude oil stocks and the negative impact of the decline in refined oil stocks. Pure benzene: Domestic pure benzene prices continued to rise this week. At the beginning of the week, the price of pure benzene rose 50-200 yuan for three consecutive days, sustained by the good downstream styrene market last week and the decline of pure benzene port stocks. Beginning on Thursday, as most contracts have been completed, the market is not hot to catch up with, the wait-and-see atmosphere is strong, and the pure benzene market recovers flat.

3. Trend forecast:

In recent years, the operating rate of hydrobenzene enterprises has been relatively stable, some units have been started one after another, but the demand for crude benzene has not been substantially increased. The pressure of crude benzene is relatively high, the future market of hydrobenzene is limited, and high consolidation is dominant.