1、 Price trend:
On May 8, crude benzene commodity index was 40.38, up 5.15 points from yesterday, down 69.37% from 131.84 (2013-01-28), and up 32.22% from 30.54, the lowest point on April 8, 2020. (Note: cycle refers to 2011-09-01 to now).
| EDTA |
2、 Market analysis:
Domestic market: Sinopec No.6 raised the ex factory price of pure benzene by 200 yuan / ton to 3000 yuan / ton, and the external market of pure benzene rose. On April 30, the price of most crude benzene manufacturers was flat due to the approaching holiday, but no adjustment was made. After the holiday, crude oil rebounded, driving the domestic chemical product trading to improve. Under the favorable influence of pure benzene and crude oil, the bidding price rose this week, and the operating rate of hydrobenzene enterprises in the near future rose There is no significant increase in cost pressure. As of Friday, Shandong’s quotation was around 2790 yuan / ton, up 690 yuan / ton from last week.
Industry chain: crude oil: Brent closed at 25.095 USD / barrel at sight yesterday (as of 3:00 a.m. on May 8, Beijing time), up 2.075 USD or 9.01% on the previous trading day. WTI closed at $24.83 per barrel, down $0.79, or 3.08%, from the previous session. In terms of pure benzene: Sinopec raised the ex factory price of pure benzene by 200 yuan / ton on the 6th day after the festival. The reference price of pure benzene in Korean market is 357 USD / T, up 20 USD / T or 5.93% compared with the previous trading day. The reference import price in East China is 376 US dollars / ton, up 23 US dollars / ton or 6.52% compared with the previous trading day.
3、 Trend Forecast:
The bidding price of crude benzol rose after the festival, but the downstream demand support was limited, and the future market pressure of crude benzol was still in place. The price trend of crude oil and pure benzol still needed to be focused on, and it is expected that the pressure of crude benzol will remain in the short term.
| EDTA 2Na |