I. price data
As of December 13, the average ex factory price of domestic refined and hydrogenated naphtha was 6263.33 yuan / ton, 0.79% lower than 6313.33 yuan / ton at the beginning of the week, and the actual transaction price of refined and hydrogenated naphtha was about 6300 yuan / ton.
| Melamine |
On December 13, the naphtha commodity index was 77.30, unchanged from yesterday, 24.67% lower than the highest point in the cycle, 102.62 (2012-09-24), and 83.00% higher than the lowest point, 42.24 on July 19, 2016. (Note: cycle refers to 2012-09-01 to now)
II. Analysis of influencing factors
Product: the price of refined naphtha fell slightly this week, and trading was basically stable.
Industry chain: upstream: according to the monitoring of the business agency, WTI crude oil in the United States was $59.20/barrel at the beginning of the week, and $59.18/barrel at the end of the week, with a weekly increase or decrease of – 0.03%; Brent crude oil was $64.39/barrel at the beginning of the week, and $64.20/barrel at the end of the week, with a weekly increase or decrease of – 0.30%. The results of OPEC production reduction meeting exceeded the market expectation, which was good for the oil market, EIA inventory data was completely negative, and the international crude oil market was in high volatility. Downstream: according to the monitoring of the business agency, the domestic toluene market is stable this week, up about 0.67% as of Friday, and the current mainstream price in East China is about 5650-5700 yuan / ton. This week, the trend of isomerized xylene was stable, and the turnover shrank slightly. As of Friday, it rose about 0.43%. At present, the mainstream price in East China is about 6000 yuan / ton. This week, the domestic PX price trend is stable, and the market price is about 6700 yuan / ton.
| EDTA 2Na |
Industry: according to the price monitoring of the business association, in the 49th week of 2019 (12.9-12.13), there are four kinds of commodities rising month on month in the energy sector, the top three commodities are petroleum coke (1.49%), fuel oil (0.66%) and liquefied gas (0.59%). There are 10 kinds of commodities falling on a month on month basis, and the top three products are MTBE (- 3.90%), LNG (- 3.03%) and methanol (- 1.51%). This week’s average was – 0.52%.
III. future forecast
According to energy analysts of business club, this week’s naphtha refining fell slightly, suppliers resisted high price supply, the market was full of wait-and-see sentiment, and just needed to purchase. It is expected that the price of naphtha refining and hydrogenation will be stable as a whole in the near future, with an average price range of 6200-6400 yuan / ton.
| EDTA |