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.
| Sodium Molybdate |
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.
| Azodicarbonamide (AC foaming Agent) |
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.
| povidone Iodine |