1、 Price trend

According to the data of business club, pure benzene experienced shock in September and weakened slightly at the end of the month. On September 1, the listed price of pure benzene was 3070-3450 yuan / ton (the average price was 3390 yuan / ton), and on September 30, the listing price was 3000-3450 yuan / ton (the average price was 3380 yuan / ton), with a slight drop of 0.29% this month.

2、 Analysis and comment

In September, Sinopec’s listed price of pure benzene was not adjusted, supporting the price of pure benzene. In the first ten days, the price of some downstream products in Northeast China was exported, the market supply increased, and the demand was not improved, which led to the price weakening. In the middle of the year, price stabilization and consolidation are the main factors. Late ten days: before the festival, the willingness of downstream replenishment is not strong, affected by the pressure of shipment, the overall price of refining is weak.

In terms of crude oil, after the end of labor day in September, crude oil demand entered the off-season; in addition, public health events showed no signs of easing, and crude oil in September showed a weak decline. Compared with August 31, Brent oil price decreased by 4.21 USD / barrel, or 9.38%; WTI oil price decreased by 2.43 USD / barrel, or 5.66%. Compared with December 31, 2019, Brent oil price decreased by 39.09%; WTI oil price decreased by 33.4%.

In September, the price of pure benzene was lower than the domestic market price. On September 30, South Korea imported 396.33 US dollars / ton of pure benzene, a decrease of 25 US dollars / ton or 5.93% compared with the previous month; and that of East China was 408.5 US dollars / ton, down 29 US dollars / ton or 6.63% compared with the previous month

Downstream, styrene: styrene surged higher in September. On September 1, the price in Shandong was 5300 yuan / ton, and on the 30th, it was 5450 yuan / ton, up 2.83% this month. The highest price of this month appeared on 29-30 days, with the price of 5450 yuan / ton; the lowest price appeared on September 13, with the price of 5300 yuan / ton.

Aniline: in September, the export of aniline increased, enterprises executed more contracts, less spot supply, and prices continued to rise. At the beginning of September, Huatai restarted and the market supply increased to a certain extent. However, the downstream operating rate increased slightly and the demand improved, which also supported the price of aniline. On September 30, the price of aniline in Shandong was 5100-5300 yuan / ton, while that in Nanjing was 5500-5600 yuan / ton, with an average increase of 22.31% this month.

3、 Future forecast

In terms of crude oil, the overall news of crude oil was negative, and the decline was hard to change. There was a downward risk in October.

Sinopec returned to lower the listing price to 3300 yuan / ton after the festival, driving down the market negotiation. Entering October, the pure benzene market will still be constrained by high inventory, and the crude oil news is short, and the trend is expected to be weak.

1、 Price trend

According to the large list data of business agency, the market of aniline improved in September, and the price continued to rise. On September 1, the price of aniline in Shandong was 4250-4430 yuan / ton, and in Nanjing was 4400-4600 yuan / ton; on September 30, the aniline price in Shandong was 5100-5300 yuan / ton, and that in Nanjing was 5500-5600 yuan / ton, with an average increase of 22.31% this month.

2、 Analysis and comment

In terms of raw materials, the listed price of pure benzene on September 1 was 3070-3450 yuan / ton (the average price was 3390 yuan / ton), and on September 30 it was 3000-3450 yuan / ton (the average price was 3380 yuan / ton), with a slight drop of 0.29% this month. In September, Sinopec’s listed price of pure benzene was not adjusted, supporting the price of pure benzene. In the first ten days, the price of some downstream products in Northeast China was exported, the market supply increased, and the demand was not improved, which led to the price weakening. In the middle of the year, price stabilization and consolidation are the main factors. Late ten days: before the festival, the willingness of downstream replenishment is not strong, affected by the pressure of shipment, the overall price of refining is weak.

Nitric acid: the price of nitric acid in East China was 1500 yuan / ton on September 1 and 1516.67 yuan / ton on September 30, up 16.67 yuan / ton or 1.11% compared with the beginning of the month.

In September, aniline export increased, enterprises executed more contracts, less spot supply, and prices continued to rise. At the beginning of September, Huatai restarted and the market supply increased to a certain extent. However, the downstream operating rate increased slightly and the demand improved, which also supported the price of aniline.

3、 Future forecast

In terms of raw materials, Sinopec returned to reduce the listing price to 3300 yuan / ton after the festival, which led to the weakening of market negotiations. Entering October, the pure benzene market will still be constrained by high inventory, and the crude oil news is short, and the trend is expected to be weak.

After the national day, some aniline plants were shut down for maintenance, and the market supply was reduced, so the price of aniline still had some room to rise. However, the downstream profit space narrowed, and the space for aniline up regulation was limited. In October, we paid attention to the impact of Shanghai Lianheng MDI plant’s temporary shutdown for maintenance on aniline Market.

Trade name: nitrile rubber

The latest price is 15766 yuan / month

Analysis points: the domestic NBR market rose sharply, with the mainstream average price at 15766.67/t, up 4.42% compared with the previous day. On the one hand, crude oil prices rebounded during the festival, the price of raw material butadiene rose slightly, and the atmosphere of cost was more favorable; on the other hand, with the operating rate of downstream rubber products increased after the festival, the inquiry for NBR increased, and the demand side supported the high price of NBR; finally, the ex factory price of NBR remained high, and traders’ offers continued to rise. To sum up, the price of nitrile rubber continued to rise after the festival. According to the monitoring of the business agency, the domestic NBR market offer was higher, Lanhua NBR 3308 mainstream reported 15100-15500 yuan / ton, Nandi 1052 mainstream reported 16800-17500 yuan / ton.

Aftermarket forecast: the cost side is high, the demand side is stable, and the market price of nitrile rubber is expected to remain high in the short term.

1、 Price trend:

According to the data from the large list of business agencies, the domestic PA6 market fluctuated in September, and most of the spot brands were reduced. As of September 30, the mainstream offer price of 2.75-2.85 from traders was about 10433.33 yuan / ton, a decrease of 5.15% compared with the average price at the beginning of the month.

2、 Analysis of influencing factors:

The price of caprolactam in the upstream of PA6 rose first and then decreased in September. In the first half of the month, the price of raw material end pure benzene in Shandong increased slightly, and the price of styrene also rose, driving the domestic spot price of caprolactam to rise in the first half of the month. Business agency data showed that the monthly peak appeared on September 15. The average ex factory price of caprolactam was about 9650 yuan / ton, up 1.40% from the average price at the beginning of the month. Then the market began to decline. As of September 30, the average ex factory price of caprolactam fell to 9333.33 yuan / ton. Recently, some caprolactam enterprises resumed production, and the spot supply increased. Pure benzene in the middle of the market also fell into a standoff. It is expected that caprolactam market will decline steadily in the short term, and it is suggested to pay attention to terminal demand.

The market trend of PA6 in September was weak, and the upstream lactam price recovered at the beginning of the month, and the cost side support was strengthened. But on the whole, the lack of direction guidance good news, PA6 after a small rise began to adjust downward. The monthly high of 11033.33 yuan / ton of average price appeared early on September 3. At present, the demand level of downstream factories is not high, and the order follow-up is weak. Among them, the transaction of high-speed spinning chips is particularly slow, and the situation that downstream factories are still in stock is common in conventional spinning. Affected by this, there is resistance in the shipment of merchants. In terms of operation, it is inclined to make profits and take orders, and the atmosphere of inquiry is weak. The overall trend of the far end crude oil in September was also unsatisfactory, and the market confidence was insufficient, which did not improve the market atmosphere of PA6. Only the overall operating rate of nylon filament is good for the price of PA6, but the current overall demand is weak and difficult to change, and the market of PA6 is relatively difficult.

3、 Future forecast:

Business agency analysts believe: domestic PA6 market weakened in September, and spot prices of various brands were mostly reduced. The upstream caprolactam price rose first and then fell, and the cost side support of PA6 was unstable. Downstream factory inventory is more sufficient, take goods just need to operate, occasionally there are bargain hunting, inquiry atmosphere is relatively weak. Business mentality is not strong, the operation of the real single to let profit go. Recently, PA6 market is affected by multiple negative effects such as weak demand, which is expected to be difficult to improve in the short term.

Price trend

According to the data of the business club’s bulk list, the domestic PA66 market is stronger in mid September, and all models of products have a certain increase. As of September 30, the average offer price of PA66 medium viscosity injection molding class sample enterprises was about 20650 yuan / ton, an increase of 7.55% compared with the average price level at the beginning of the month.

In terms of adipic acid upstream of PA66: at the end of August, the domestic adipic acid Market stalled and entered September, the domestic inventory pressure slightly eased. In the first ten days of September, the international and domestic adipic acid market recovered. On September 11, the average price of adipic acid was about 6660.00 yuan / ton. However, the market demand performance is still relatively flat, and the market supply pressure is likely to continue, which has resistance to the upward trend of adipic acid. In the middle of the year, the prices quoted by dealers in some regions rose slightly in the late ten days. According to the data of business agency, the mainstream market price was 6500-6800 yuan / ton on the 21st. The plant operating rate is about 80%. Downstream demand is relatively weak, and the market continues to be oversupply. Most dealers follow the market, the atmosphere of transaction is still in a weak level. In recent years, the price of pure benzene is relatively flat, and the support for adipic acid cost side is general. Market people are cautious, dealers light stock operation, adipic acid is expected to maintain the finishing market in the short term.

The upstream adipic acid generally supports the cost side of PA66, but the market of PA66 can still get out of the positive market in September, and the domestic spot market has a big rise. This month, the domestic PA66 operating rate did not change much, and the shortage of goods in the market continued. This month, domestic automobile and other industries have recovered, PA66 consumption has a trend to expand, tight supply of goods into the traditional peak season, the increase will naturally further expand. The actual transaction angle observation, the market trading atmosphere is general. It is difficult to say that the order follow-up speed is fast. However, stock preparation before the festival is also a demand point, and the terminal demand is picking up at the end of the month. In addition, BASF, a major international manufacturer, has announced several times to increase the price of PA66 industrial chain products in the Asia Pacific region and enhance market confidence. This month, the focus of business offers continued to rise, PA66 is expected to continue the trend of strong.

Business agency analysts believe: in September, the domestic PA66 market continued a positive trend. The spot price of adipic acid in the upstream is stable and small, which supports the cost of PA66 in general. Downstream factory inquiry and procurement to maintain just needed operation, the traditional peak season order follow-up has turned warm. At present, the continuous tight supply pattern is a major reason for the sharp rise of PA66. It is expected that the market of PA66 will continue to be stronger in the short term.

According to the data monitored by the business agency, the domestic PP market price fluctuated and adjusted in September, and the spot prices of some brands fell back in a narrow range. As of September 30, the mainstream offer price of T30S (wire drawing) of domestic manufacturers and traders was around 8016.67 yuan / ton, a decrease of 1.64% compared with the average price at the beginning of the month.

Cause analysis

PP upstream propylene domestic (Shandong) market fluctuated upward in the first half of the month and stabilized in the second half. The average spot price rose by about 300 yuan / ton from September 1 to 4, and there was a round of downward adjustment from September 7 to 10, according to the data from the business club’s bulk list. From the 13th to 17th, the upward market appeared again. The average spot price increased about 350 yuan / ton. On the 18th, the price began to stabilize. At present, the market transaction is between 7300 yuan / ton and 7650 yuan / ton, and the mainstream price is about 7450 yuan / ton. Propylene manufacturers to ship smoothly, inventory in a controllable range. The crude oil price in September is in general, and the overall profit of the industrial chain is still good. The downstream operating rate is high and there is a demand for replenishment before the festival. The purchasing enthusiasm is good, which has a certain support for propylene. But the price is in the top position, upward difficult, so it is expected that the propylene price will stabilize slightly in the near future.

Upstream propylene rose in September after strong, high market, there is support for PP cost side. According to the data monitored by the business agency, the market performance of PP (wire drawing) fluctuated and adjusted in September, and the spot price remained stable after a narrow correction in the middle of the month. In terms of inventory, PP inventory of two barrels of oil and other manufacturers decreased steadily, and the inventory level was in the low range over the years. Since the beginning of the month, the arrival of port cargo has been stable, and there is no obvious pressure on inventory. The trend of far upstream crude oil in September is general, which has a certain suppression on chemicals under the industrial chain. Previously, it was estimated that more PP maintenance units will resume production and new projects will be put into operation. At present, the supply release range is limited. In particular, the negative impact on the increase of PP supply due to the postponement of new project commissioning has not reached the expected level. In the peak season, the downstream demand is strong, and the operating rate of downstream factories such as plastic knitting increases, and the orders begin to increase gradually. The merchants stopped in the market in the middle of the month, and the prices are stable in the second half of the month. PP (wire drawing) market is expected to consolidate in the short term, and late production of new projects may bring impact to the market at the end of October.

According to the data monitored by the business agency, as of September 30, the mainstream offer price of domestic manufacturers and traders Z30S (fiber) was about 8350 yuan / ton. Compared with the average price level at the beginning of the month, there was an increase of 3.30%. In this month, the drawing materials showed a high finishing market after rising. The monthly high appeared at 8383.33 yuan / ton on the 4th, and then stabilized. It is reported that the production of fiber PP has expanded to some extent and still has a growth trend, but the inventory of fiber material is still declining steadily. This reflects that the peak season consumption has a certain support for the spot price, and the current petrochemical factory prices are generally stable. Business operations tend to be cautious, with pre-sale of holiday goods at the end of the month. The downstream side just needs to prepare goods, with a wait-and-see atmosphere as the main attitude. It is expected that PP (fiber) will be in consolidation operation in the near future.

PP meltblown materials decreased in September, domestic PP melt blown materials market confidence is still poor. According to the data monitored by the business agency, the decline of PP (melt blown) has decreased since September. As of September 30, the average price of sample enterprises is about 14500 yuan / ton. At present, the domestic epidemic situation is generally stable, the demand for epidemic prevention products is declining, and the domestic market is still in the pattern of oversupply. The collapse of last month’s overseas big bill still seems to affect the current market mentality. At present, some countries in the world may enter the rebound period of health events again, and the demand is expected to rise. However, the competition among domestic anti epidemic product manufacturers is still strong, and the profits of the main downstream mask factories are seriously diluted. Sinopec’s enterprises have successively sold meltblown materials and cloth, which also have an impact on the market. The relationship between the future demand of PP (melt blown) and the profit of manufacturers is complex, and the mentality of merchants is negative. However, the spot price of melt blown PP seems to have fallen to a low profit point, which is expected to stabilize in the near future.

Future forecast

PP business agency analysts believe: September domestic PP spot market prices are generally stable. Upstream propylene market is strong, there is support for PP cost side. PP (drawing) supply expansion has not yet started, although the market mentality has been affected, but the price is generally stable. PP (fiber) market rose after the high firmness, PP (melt blown) demand continued to be weak, price correction narrowed. Current inventory is still in a steady decline, this month’s weakness in futures also restricts the PP market. The stock situation of downstream factories is fair, the business mentality is general, and the offer follows the market. It is expected that the PP spot market will be weak after the start-up of new production projects.

The price of hydrogen peroxide has been soaring in the first half of September, with an increase of 18.35%. From the second half of the month, the price of hydrogen peroxide gradually stabilized. Throughout September, the price of hydrogen peroxide rose by more than 15%. The market of hydrogen peroxide was stable during the period of the national day of the people’s Republic of China, and the prices of some manufacturers fell slightly. As of October 8, the average market price of hydrogen peroxide was 1060 yuan / ton, and the price dropped by 1.24%.

Terminal stock market ends, hydrogen peroxide market drops

In September, the hydrogen peroxide terminal paper industry and caprolactam manufacturers opened the stock market before the festival, and the purchase volume increased, and the price of hydrogen peroxide continued to rise by more than 18%. Near the National Day holiday, the impact of logistics transportation, hydrogen peroxide market fell one after another, the market was relatively stable at the end of September. During the National Day holiday, hydrogen peroxide manufacturers started up normally, and some manufacturers successively lowered the ex factory price of hydrogen peroxide, and the market price dropped slightly.

Li Bing, hydrogen peroxide analyst of business club, believes that: after the national day, the logistics transportation will resume, and the hydrogen peroxide market may return to the rising channel.

1、 Price trend

On September 30, the domestic LNG price still showed an upward trend. According to the data of business agency, the average price of domestic LNG on September 30 was 2630 yuan / ton, up 1.02% compared with the previous day, 9.28% higher than the beginning of the month, 7.93% month on month, and 5.85% lower than the same period last year.

2、 Analysis of influencing factors

On September 30, domestic LNG prices rose and kept climbing, without any correction. Today, Inner Mongolia, Shaanxi, Ningxia, Xinjiang and other places have high enthusiasm for price adjustment, rising about 20-100 yuan / ton. Prices in other regions are relatively stable, and there is little change in the terminal. With the advent of the double festival, all provinces in the country have successively issued travel restriction notices for high-speed dangerous goods vehicles. During the holidays, dangerous chemical vehicles are forbidden to drive into expressways, and the logistics is limited. The downstream replenishment before the festival is more active, the liquid factory shipment is good, and the market trading atmosphere is active. The off-season is coming to an end. With the coming of the heating season, the demand for urban fuel in the lower reaches has gradually increased. The manufacturers have increased the shipment volume, and the liquid level is generally not high. Moreover, some manufacturers have maintenance conditions. In addition, the price of imported gas has risen recently, which has been boosted by various favorable factors. The overall LNG market has shown a large area of continuous rise. Due to the low liquid level of some liquid plants in the early stage and the heating season The price will push up strongly and the trend is more clear.

According to the data monitoring of business agency, as of September 30, the average price in Inner Mongolia is around 2610 yuan / ton, and the price is rising; in Shaanxi, the average price is around 2610 yuan / ton, and the price is rising; in Shanxi, the average price is around 2660 yuan / ton, the price is rising; in Xinjiang, the average price is around 2750 yuan / ton, the price is rising; in Ningxia, the average price is about 2670 yuan / ton, the price is rising, and the liquid price is rising.

Enterprise capacity rose and fell from September 30 to September 29

Inner Mongolia Shitai: 550000 cubic meters / day: 2580 yuan / ton: 2580 yuan / ton

Star Energy: 1 million cubic meters / day 2660 yuan / ton 2580 yuan / ton

Inner Mongolia Sentai: 1.2 million cubic meters / day: 2580 yuan / ton: 2580 yuan / ton

Zhongyuan green energy: 3 million cubic meters / day: 2650 yuan / ton: 2650 yuan / ton

Shengdazizhou: 1 million cubic meters / day: 2720 yuan / ton: 2620 yuan / ton: 100

Dazhou Huixin: 1 million cubic meters / day: 2580 yuan / ton: 2580 yuan / ton

Ningxia Hongxing 1 million cubic meters / day 2700 yuan / ton 2650 yuan / ton 50 yuan

Qinshui Xinao — 2650 yuan / ton 2650 yuan / ton

Naomao Lake in Xinjiang (east of Lanzhou) 1.5 million cubic meters / day 2400 yuan / ton 2300 yuan / ton 100 yuan

Downstream products also increased to varying degrees:

For methanol, the reference price of Shandong methanol in Lubei market was 1640-1650 yuan / ton on the 29th, which was delivered to spot exchange. The quotation of methanol market in southern Shandong Province rose by 20 yuan / ton to 1800 yuan / ton, and Linyi received the local goods quotation of 1780-1800 yuan / ton and delivered them without tax. There were not many offers for logistics goods, and some downstream replenishment basically ended. The inventory of upstream enterprises was not high and their mentality was supported.

For liquid ammonia, in the whole month, the liquid ammonia maintains narrow range adjustment, and the supply and demand fundamentals are balanced. It is expected that the domestic ammonia volume will remain moderate before the double festival. Therefore, it is expected that the domestic liquid ammonia market will still maintain the range consolidation in the near future. It is not ruled out that the trend of various regions after the festival or some differentiation will occur. The market is mainly affected by large plants, and it is possible that the devices in Shandong will still be overhauled in the future In addition, the market may need to consume a part of pre holiday stock after the superposition of festivals, and the price may be impacted to a certain extent. On the demand side, the downstream demand is rigid and stable. At present, the downstream fertilizer market is at the end of the autumn fertilizer production and sales season. The downstream demand may shrink in the later stage, and the downstream operating rate is expected to gradually decrease in the later stage. Considering comprehensively, liquid ammonia may be near strong and far weak.

Urea and upstream liquid ammonia have been consolidated at a high level recently, with good cost support. Domestic demand is fair, agricultural demand in some areas has followed up, and industrial demand follows the market and purchases on demand. In terms of supply, some devices were overhauled and some of them were in short supply. Near the national day, the market trading atmosphere weakened, manufacturers reduced prices to absorb orders, short-term urea market is expected to fluctuate slightly.

Dichloromethane, at present, the domestic dichloromethane market tends to be stable, and the manufacturers have a good attitude of supporting price without pressure in inventory. With the arrival of the National Day holiday, the Limited Logistics and transportation situation will lead to the weak trading in the industry. It is expected that the dichloromethane market will be stable and strong in a short period of time.

3、 Future forecast

Liquefied natural gas analysts of the business agency believe that: at present, the manufacturers’ shipment is smooth, the overall market mentality is good, and the heating is coming, the market demand has increased, and the overall market has been pushed up. Due to poor traffic during the holidays, downstream demand may decrease. It is expected that domestic LNG prices will mainly be consolidation and fluctuate slightly.

According to the data from the business club’s bulk list, the domestic adipic acid market fluctuated in a narrow range in September, and the market was tepid and tepid. According to the data monitored by the business agency, adipic acid rose slightly in East China, with an increase of only 0.91%. The market demand was sluggish, and the market supply pressure was not reduced. Most dealers reported low profits to ship goods. Long term oversupply shrouded the market, and dealers mainly operated with light inventory. As of the end of the month, according to the monitoring of the business agency, the current quotation range of adipic acid market was 6500-6700 yuan / ton.

In terms of market supply, the operating rate of adipic acid manufacturers remained at a medium high level in September, which was more than 80%. The market supply of adipic acid was relatively sufficient, and the manufacturers’ inventory pressure was large. Although there is a traditional sense of “gold nine silver ten” in September, the market did not have any good performance, most dealers purchase according to the order, light stock operation. Generally speaking, the pressure of enterprise inventory and market inventory is relatively large.

In terms of cost, the upstream crude oil price mainly maintains interval adjustment, with weak upward momentum, still hovering around us $40. Since the end of the soaring market since the middle and late July (with an increase of more than 10%), the price of pure benzene has fallen periodically since August. In September, it is mainly interval adjustment, with little room for rise and fall, and insufficient support for adipic acid downstream (as shown in the figure below) As shown in Fig. At present, the main contradiction in the market is that the downstream demand has not fundamentally improved, and adipic acid is squeezed from both upstream and downstream, resulting in the gradual decline of enterprise profits.

Market trend of pure benzene

In terms of downstream demand, the terminal performance was weak. Although the chemical industry recovered steadily in the late stage of the epidemic, consumption did not advance by leaps and bounds. The operating rate of downstream factories has not been significantly improved, and the overall consumption level of plastic products has not changed much, which is difficult to boost the market of upstream raw materials. In addition, the rigid consumption of downstream polyurethane is stable. Although the state promotes new infrastructure investment, the development momentum of real estate is restrained. Affected by the operating rate of real estate, the demand growth of downstream products such as polyurethane is not obvious. As a result, adipic acid demand is difficult to fundamentally change, inventory is difficult to digest, manufacturers have a lot of pressure, dealers generally follow the market and purchase on demand. In addition, in addition to the weak domestic demand, external demand is also worse. Especially affected by the overseas epidemic situation, the export of adipic acid is not optimistic, and the export pressure of adipic acid continues to increase. It is not ruled out that the inventory will continue to rise in the future.

In the later stage, it seems that the market may remain sluggish in the near future, and it is still difficult to make a breakthrough. In particular, due to the lack of favorable support in the upstream, the impact of loose supply side on the market, and the long-term view of terminal consumption, the weak pattern of domestic demand in the downstream is difficult to change in the short term, as well as the impact of shrinking foreign demand orders caused by severe overseas epidemic situation, it is expected that adipic acid market breakthrough will take time.

The commodity index of hydrogenated benzene on September 29 was 36.78, which was the same as yesterday, decreased by 63.94% compared with 102.01 point (2014-01-09), and increased by 22.64% from 29.99 point, the lowest point on April 07, 2020. (Note: the period refers to December 1, 2013 to now).

Price rise and fall of domestic main hydrobenzene markets from September 27 to 30 (unit: yuan / ton)

Regional prices rose and fell on the 27th and 30th

3300 ～ 3350 3300 ～ 33500 in East China

Shandong area 3080-3150 3050-3150 – 15

This week (September 27-30), the market price of hydrobenzene in Shandong decreased slightly, at 3115 yuan / ton at the beginning of the week and 3110 yuan / ton at the weekend, down 15 yuan / ton.

On August 14, 2020, the price of pure benzene of Qilu Petrochemical (Sinopec North China) will be reduced by 100 yuan / ton, and the price will be 3300 yuan / ton after adjustment. Since then, Sinopec’s price has not been adjusted

In the last trading week before this week’s festival, the enterprises that had prepared goods had basically completed the procurement. This week, the market transaction was general, the price was temporarily stable, and the operating rate increased slightly at the end of September, and some devices were restarted. After the festival, there are still several enterprises planning to restart, and it is expected that the operating rate will continue to rise. Before the festival, the price of crude benzene was mainly stable, and the tender price of 24 days was still maintained. The overall market was relatively flat, but the cost pressure of hydrogenated benzene enterprises was relatively large.

In terms of downstream, there will be about 2.5 million tons of new production capacity of pure benzene and hydrogenated benzene downstream in the fourth quarter. The demand for pure benzene and hydrogenated benzene will increase, and the demand support will be improved.

New situation of some units downstream of pure benzene in the fourth quarter of 2020

In the future, the business community believes that before the long holiday, the crude oil market and the external market of pure benzene are not supported enough, and the good fundamentals are limited. The demand growth brought by the stock preparation before the festival has come to an end. After the festival, the production of hydrogenated benzene units increases, and some downstream demand is released. After the festival, it is necessary to focus on whether the units are put into operation on schedule.