1、 Price trend:
On February 28, the hydrogenated benzene commodity index was 56.66, unchanged from yesterday, down 44.46% from 102.01 (2014-01-09), the highest point in the cycle, and up 27.15% from 44.56, the lowest point on August 31, 2015. (Note: cycle refers to 2013-12-01 to now).
| ammonium persulfate |
2、 Market analysis:
Domestic market: this week, the start-up of hydrogenated benzene enterprises gradually recovered, the overall operating rate increased by about 10%, the crude oil and pure benzene external market fell sharply, Sinopec’s pure benzene listing price decreased to 5350 yuan / ton, and the hydrogenated benzene market fell by about 50 yuan / ton this week, as of Friday, the market price of hydrogenated benzene in Shandong region was about 4925 yuan / ton, and the price fell slightly. The start-up of downstream styrene and aniline is still at a relatively low level in the near future, and some styrene units are still planned to be shut down for maintenance in the middle and late March. In the short term, they are basically faced with market difficulties, which is conducive to supporting the overall demand of downstream enterprises. At present, the cost pressure of hydrogenation benzene enterprises is large, and the delivery situation is general.
Industry chain: in terms of crude oil: this week, the crude oil changed the form of continuous increase last week, falling for four consecutive days, and WTI fell to the lowest point of this year. The spread of the epidemic in many countries has led to increased market worries and a pressure drop in oil prices. Brent was down 10.76% and WTI was down 11.41% compared with February 21.. Pure benzene: this week, the trading atmosphere of pure benzene was weak, crude oil and external market fell, and the support under pure benzene was insufficient. The lack of downstream shipping power and inventory accumulation further worsened the confidence of pure benzene market participants. On Wednesday, Sinopec cut the price of pure benzene by 150 yuan / ton to 5350 yuan / ton. Downstream: demand for downstream styrene is not strong, and inventory pressure is high. Friday’s price is 6700 yuan / ton, up 1.01% from last week.
3、 Trend Forecast:
At present, the pressure of hydrogenation benzene enterprises is prominent, the external market of pure benzene continues to decline, the downstream construction cannot be recovered in a short time, and it is expected that the hydrogenation benzene market will remain weak and stagnant.
| http://www.pva-china.net |