Price Trend
According to the data from the business associations’list, this week is the first week after the National Day holiday, the pure benzene market continues to be weak before the festival. At present, the price of pure benzene is 5300-5750 yuan/ton, down from 5500-5900 yuan/ton before the festival, with a decline of 3.16%.
II. Analytical Review
| Sodium selenite |
1. Products: The listing price of Sinopec was firm at the beginning of this week, and it was lowered to 5750 yuan/ton on Thursday. Prices of pure benzene and hydrobenzene in Shandong local refineries have been lowered before the National Day due to environmental inspection, production restriction and poor transportation, in order to promote shipment. After this festival, the start-up load of the reworked hydrobenzene plant has been continuously increasing, and the supply has increased, which once again has a certain impact on the pure benzene market. And the downstream demand is weak, market wait-and-see is dominant, which increases the bad news for the weak market.
2. Crude oil: The impact of Saudi Arabia events dissipated during the National Day, and the international crude oil futures market was empty, crude oil prices fell significantly. After the festival, due to the impact of Sino-US trade risks and the increase of U.S. crude oil inventories, international oil prices have continued to downward momentum. But news of an attack on an Iranian tanker increased the risk of supply disruption in key oil producing areas, and oil prices rose rapidly. Compared with last Friday (October 4), WTI increased by 3.87% and Brent by 3.46%.
3. Relevant industries: Aniline prices remained stable downstream this week, although the cost side was loose, but the stock was not high to support the price; Styrene downstream this week maintained low demand, and imports of Styrene before the festival arrived in Hong Kong in large quantities, prices fell sharply, support for pure benzene weakened.
4. External market: China’s external market closed during the National Day, the U.S. and South Korea arbitrage window closed, the overall external market showed a downward trend, short of the domestic pure benzene market.
3. Future Market Forecast
| Bacillus thuringiensis |
1. Crude oil: The overall oil market is still not optimistic, there are still downside risks.
2. Domestic market: Restoration after the festival, domestic hydrobenzene enterprises start-up load has increased, and next week Shandong downstream equipment maintenance, downstream just need to reduce, pure benzene market is difficult to rebound.
3. Outside: The price gap between inside and outside has narrowed, CFR China negotiations have increased, and subsequent supply pressures have increased.
Considering comprehensively, pure benzene is expected to continue its weak operation next week, and there is still a downward possibility.
| Sodium Molybdate |