1、 Price trend
| ferric sulfate (Poly ferric sulphate) |
According to the business club’s big list data, the price of pure benzene this week showed an upward trend. On November 29, the price of pure benzene was 4050-4550 yuan / ton (average 4146 yuan / ton); on Sunday (December 6), the price of pure benzene was 4280-4550 yuan / ton (the average price was 4376 yuan / ton), which was 186 yuan / ton or 4.44% higher than last week.
2、 Analysis and comment
In November, pure benzene rose first and then fell following the trend of styrene price. From the end of November, the main influencing factors of pure benzene price changed from styrene to crude oil and external market. With the recovery of European and American prices, the arbitrage window of Asia and the United States opened, and Asian prices rose sharply. The good news will drive the focus of domestic pure benzene market negotiation higher. This week, domestic pure benzene market negotiation atmosphere is good. From November 26 to December 6, Sinopec’s listed price of pure benzene increased by 400 yuan / ton to 4400 yuan / ton. This week, Sinopec raised the listing price of pure benzene twice, from 200 yuan / ton to 4400 yuan / ton.
In terms of external market, on Friday (December 4), South Korea imported 654.33 US dollars / ton of pure benzene, up 64.33 US dollars / ton, or 10.9% compared with November 27; and East China imported 620 US dollars / ton of pure benzene, up 35.5 US dollars / ton, or 6.07% compared with November 27.
In terms of crude oil, this week’s crude oil showed a trend of first falling and then rising, which was higher than that of last week. Compared with November 27, Brent rose $1.85/barrel, or 3.93%; WTI rose by $0.71/barrel, or 1.55%. Compared with December 31, 2019, Brent decreased by 26.8%, and WTI decreased by 23.61%.
| EDTA |
Downstream: styrene: domestic plant restart increased, spot supply increased, downstream production and sales declined, demand weakened, combined with the fall of futures depressed the spot market, domestic styrene price rose slightly this week and then weakened. On Friday (December 4), the price of sample enterprises was 8200 yuan / ton, down 216.67 yuan / ton or 2.57% compared with last Friday, and the price increased by 10.56% compared with the same period last year.
Aniline: the inventory of aniline enterprises is generally not high, the volume of spot export is limited, and the support brought by the rising cost, the price of aniline this week increased by 100-150 yuan / ton. The price of aniline rose to the end of the week, and the prices of some Shandong enterprises dropped slightly by 100 yuan / ton. On December 6, the price of aniline in Shandong was 7500-7600 yuan / ton, while that in Nanjing was 7750-7850 yuan / ton.
3、 Future forecast
In terms of crude oil, the recent news of vaccine is good, and OPEC and its allies have reached a compromise agreement to gradually increase production. The crude oil price is well supported, and the trend is expected to be stronger next week.
Crude oil, external prices are expected to be strong. With the recovery of external prices in Europe and the United States, the arbitrage windows in Asia and the United States have opened one after another, and the prices of external markets in Asia may continue to rise, further boosting the recovery of the domestic market. Downstream styrene is mainly de stocked with strong support. It is expected that the trend of pure benzene will be stronger next week.
| Azodicarbonamide (AC foaming Agent) |