1、 Price trend:
According to the data monitoring of the business agency, after the Spring Festival, the price of the ortho benzene Sinopec contract fell sharply, while the market of ortho xylene fell. As of February 10, the contract price of o-xylene Sinopec was 5800.00 yuan / ton, a decrease of 7.94% compared with that of 6300.00 yuan / ton of o-xylene before the Spring Festival. Compared with the same period last year, the price dropped by 14.71%.
| Thiourea dioxide |
2、 Market analysis:
External offer
Product name region price rise and fall this week (compared with last week) price type unit
O-xylene South Korea 770-50 FOB USD / ton
O-xylene Taiwan 750-70 CIF USD / ton
O-xylene Southeast Asia 760-55 CIF USD / ton
O-xylene India 760-55 CIF USD / ton
O-xylene China 750-70 CIF USD / ton
O-xylene 876 1 FOB Rotterdam USD / ton
O-xylene 39.75-0.75 FOB US cents / lb
As can be seen from the table, the price of o-benzol in the external market fell after the Spring Festival. This week, the price of benzene in China was 750 US dollars / ton, down 70 US dollars / ton compared with that in last week; the price of benzene in South Korea and Southeast Asia was 50 US dollars / ton and 55 US dollars / ton respectively. The external price of o-benzene fell, the price of imported o-benzene fell, the market of port o-benzene fell, and the port inventory rose but was still at a low level. The overall external price drop was negative for the future o-benzene.
Factor analysis of industrial chain
From the trend of crude oil price, it can be seen that since the Spring Festival, crude oil prices have plummeted, dragging down downstream products, the cost of downstream products has fallen, the cost of raw materials for o-benzene has dropped, and the downward pressure has increased due to the weakening of the growth momentum of o-benzene.
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From the perspective of downstream customers, after the Spring Festival, due to the impact of the epidemic, the operating rate of phthalic anhydride enterprises is low, most enterprises are out of work, the price of phthalic anhydride fluctuates and falls, the downstream demand is poor, the market of ortho benzene is bad, and there is certain downward pressure on ortho benzene. In the future, the pressure of ortho benzene market decline increased.
3、 Future forecast:
According to Bai Jiaxin, data analyst of o-xylene of business association, after the Spring Festival, affected by the epidemic, the crude oil price plummeted, and the cost of o-benzene raw materials fell; the downstream enterprises started at a low level, and the demand for o-benzene fell. O-benzene is mainly produced by Sinopec and PetroChina, and its normal operation rate is about 70%. However, due to the limited logistics, many traders have not entered the market, or can not normally leave the warehouse, and the market transaction is limited. In the future, it is difficult to determine the start date of the recovery of downstream phthalic anhydride enterprises. The demand for phthalic acid is declining, the price of the external market is falling, which is bad for the domestic phthalic acid market. The poor logistics and transportation lead to the overstock of phthalic acid inventory. The delivery pressure of phthalic acid in the future is large, and it is expected that the phthalic acid Market in the future will be weak.
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