1、 Price trend:
On January 19, the hydrogenated benzene commodity index was 61.07, unchanged from yesterday, down 40.13% from 102.01 (2014-01-09), the highest point in the cycle, and up 37.05% from 44.56, the lowest point on August 31, 2015. (Note: cycle refers to 2013-12-01 to now).
2、 Market analysis:
| ammonium persulfate |
Domestic market: the pressure of hydrobenzene enterprises is still strong this week, and the willingness to ship is strong. As of Friday, the price of hydrobenzene in East China is 5600-5650 yuan / ton. In terms of operating rate, the overall operating rate of hydrogenated benzene enterprises is about 50% this week, with heavy snowfall in North China, the main production area, which increases the difficulty of transportation due to bad weather conditions, and the general delivery by manufacturers.
Industry chain: crude oil: this week, oil prices fell in shock. Early in the week, the impact of tensions in the Middle East subsided, and the focus of the market turned to the impact of the surge in US oil product inventories. On Wednesday morning, the United States and China signed the first stage trade agreement, which was good for oil prices, and oil prices began to pick up. WTI fell 0.7% and Brent 3.78% compared to January 10. Pure benzene: near the Spring Festival, the port stock of pure benzene has accumulated. With the completion of downstream replenishment of inventory, the completion of traders’ replenishment of empty space and insufficient crude oil support, the operation of pure benzene is weak this week. Downstream: styrene price is stable this week compared with last week. Due to the downstream stock up before the festival, the shipment of aniline was smooth, and the price was increased by 1.56% compared with last week. Most of the downstream products of pure benzene are in the loss of theoretical production and lack of support for the price of pure benzene.
3、 Trend Forecast:
With the approaching of the Spring Festival holiday, the delivery volume of coke enterprises has increased, but due to the impact of logistics and transportation, the overall transaction situation is general, and the market price before the festival is difficult to fluctuate greatly.
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