Weak consolidation of crude benzene price this week (2.10-2.14)

1、 Price trend:

 

On February 16, crude benzene commodity index was 60.94, which was the same as yesterday, 53.78% lower than 131.84 (2013-01-28), the highest point in the cycle, and 55.26% higher than 39.25, the lowest point on December 22, 2014. (Note: cycle refers to 2011-09-01 to now).

 

Thiourea dioxide

2、 Market analysis:

 

Domestic market: the pure benzene market is weak this week. Due to the impact of logistics and postponement of construction, Sinopec’s listing price has been lowered. The port inventory of pure benzene is large, downstream demand is limited, and transportation is limited. Crude benzol prices fell sharply this week after being affected. As of Friday, crude benzol prices in Shandong fell slightly to about 3550 yuan / ton. The operating rate of downstream hydrogenated benzene enterprises is about 50% up to now. Although the recent cost pressure of hydrogenated benzene enterprises is relatively small, there are still many units that have not been started yet, and the demand for crude benzene is weakened.

 

Thiourea

Industrial chain: crude oil: the crude oil market is still restricted by the epidemic this week. However, the market is concerned about the process of OPEC production reduction, and the impact of the epidemic has eased. This week, the crude oil market recovered. WTI was up 2.2% and Brent was up 4.07% compared with February 7. Pure benzene: pure benzene port inventory accumulation. The process of downstream resumption is slow. In addition, styrene plant reduces production and raw materials are released. At present, pure benzene is in the situation of weak supply and demand, and is still constrained by transportation. Downstream: most of the downstream enterprises operate with reduced load and some factories stop. The price of styrene in Shandong this week was 6600 yuan / ton, down 5.04% from last Friday. Jinling aniline plant was shut down, the supply of goods decreased, but due to the constraints of downstream demand, the price increased slightly.

 

3、 Trend Forecast:

 

Next week, the oil price will focus on the process of OPEC production reduction and the recovery of the epidemic situation. In the near future, pure benzene enterprises will reduce the load operation, and the start-up of hydrogenation benzene enterprises will not be high. Crude benzene lacks strong support. In addition, the recent weak operation of pure benzene external panel. It is expected that crude benzene market will still be dominated by low consolidation next week.

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