1、 Price trend:

On March 8, the hydrogenated benzene commodity index was 54.45, which was the same as yesterday, 46.62% lower than the highest point 102.01 (2014-01-09), and 22.19% higher than the lowest point 44.56 on August 31, 2015. (Note: cycle refers to 2013-12-01 to now).

2、 Market analysis:

Domestic market: this week, the start-up of hydrogenated benzene enterprises declined slightly, the situation of manufacturers’ delivery was general, the pressure of enterprises was large, and the start-up rate was about 50%. As of Friday, the market price of hydrobenzene in Shandong Province was about 4800 yuan / ton, with a slight decline in price. At present, the cost pressure of hydrogenated benzene enterprises is large, and the delivery situation is general. The price of downstream styrene aniline and other products was lowered, and the shipment was average.

Industry chain: crude oil: OPEC pushed forward production reduction at the beginning of the week, and oil prices rose in a downward trend. But later, it was reported that Russia still had differences, market concerns increased, and oil prices fell. Compared with February 28, Brent increased by 2.01% and WTI by 2.49%. Compared with the beginning of the year, Brent fell by 22.86% and WTI by 24.21%. Pure benzene: the focus of this week’s pure benzene negotiation is weak. On Tuesday, Sinopec reduced the price of pure benzene by 200 yuan / ton to 5150 yuan / ton. Northern region, the early price clearance, inventory pressure is now reduced, the market began to rise. Downstream: downstream styrene fell in shock. Friday’s price was 6600 yuan / ton, down 1.49% from last week. In order to promote the shipment of aniline, the price was lowered. The price in Shandong was 6700 yuan / ton, and that in Nanjing was 6900 yuan / ton.

3、 Trend Forecast:

The impact of social public events in foreign countries is still large, and there are still uncertain factors in the promotion of OPEC production reduction, so the rebound momentum is small. In terms of pure benzene, the price in East China is under pressure. There is still downward space for pure benzene. The downstream sales situation is general. Some units in Shandong still have no start-up plan, and the price of hydrogenated benzene is expected to be stable.