This week, the hydrobenzene market price in Shandong Province rose slightly (may 25-29)

1、 Price trend:

On May 29, the hydrogenated benzene commodity index was 38.63, unchanged from yesterday, down 62.13% from 102.01 (2014-01-09), the highest point in the cycle, and up 28.81% from 29.99, the lowest point on April 7, 2020. (Note: cycle refers to 2013-12-01 to now).

 

Benzalkonium chloride

2、 Market analysis:

 

Price of product on 25th and price on 29th unit: yuan / ton

East China 3500-3600 3500-36000 yuan / ton

Shandong 3300-3400 3400-3500 100 yuan / ton

 

This week’s crude oil market rose in shock, WTI fell 4.5% on 27th, mainly due to unexpected increase in US crude oil inventory and tension between China and the United States. It rose 2.5% on the 28th and around 1.4% on the week. Sinopec raised the ex factory price of pure benzene by 150 yuan / ton on the 27th, and now the price is 3500 yuan / ton. At present, the pure benzene inventory in the port area has increased to about 210000 tons, and the market supply is sufficient. As of Friday, the reference price of pure benzene in the Korean market was 407 US dollars / ton, up 2.33 US dollars / ton from the 25th. In terms of supply, part of the hydrobenzene units in Shandong and Shanxi were restarted or increased production this week, and the overall operating rate of hydrobenzene was increased, and the market supply was increased. In the near future, the downstream industrial chain has been started in a good condition. The start-up of styrene, cyclohexanone and other devices is relatively stable. The phenol start-up rate is relatively low. At present, the downstream demand is relatively stable. Driven by the pure benzene and crude oil market, the market of hydrobenzene in Shandong this week has slightly increased by 100 yuan / ton. As of the end of this week, the mainstream price is around 3450 yuan / ton. Crude benzene announced the next round of bidding price on August 28, with a slight increase of 10 yuan / ton in Shandong Province, and the production pressure of hydrogenated benzene enterprises remained.

 

Sodium Molybdate

3、 Trend Forecast:

 

The contradiction between supply and demand of crude oil is still prominent, and the problem of oversupply is still the primary problem that puzzles the oil market. With the reduction of production in oil producing countries and the restart of economy in more countries, the supply and demand of crude oil will tend to a new balance. It is expected that the price of crude oil will fluctuate in the future. In the near future, the port inventory of pure benzene market will be high, the market will rise slightly, the operating rate of hydrobenzene enterprises will increase in the near future, and the market supply will be increased Although the price difference between crude benzene and hydrogenated benzene is slightly increased, the cost pressure of hydrogenated benzene enterprises remains, and the pressure on supply and demand is relatively large. It is expected that the price of hydrogenated benzene will be stable and weak in the future.

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