1、 Price trend
According to the data in the business club’s large scale list, the price of pure benzene on Friday (February 21) was 5050-5800 yuan / ton, and the price of pure benzene on Friday was 5100-5800 yuan / ton, showing a downward trend of shock, down 1.28% compared with last week.
2、 Analysis and comment
| Thiourea dioxide |
1. Product: this week, the trading atmosphere of pure benzene was weak, crude oil and external market fell, and the support under pure benzene was insufficient. The lack of downstream shipping power and inventory accumulation further worsened the confidence of pure benzene market participants. On Wednesday, Sinopec cut the price of pure benzene by 150 yuan / ton to 5350 yuan / ton.
2. Crude oil: this week’s crude oil changed from last week’s continuous rise, falling for four consecutive days, WTI fell to the lowest point of this year. The spread of the epidemic in many countries has led to increased market worries and a pressure drop in oil prices. Brent fell 10.76% and WTI fell 11.41% compared with February 21.
3. Downstream industry: the demand for downstream styrene is not strong, and the inventory pressure is high. The price on Friday was 6700 yuan / ton, 1.01% higher than last week.
Due to the fact that the Jinling aniline plant is still in operation, the downstream procurement is not prosperous but the price of aniline is stable.
| Thiourea |
3、 Future forecast
1. Crude oil: next week’s oil price will focus on the progress of epidemic control.
2. Market: the contradiction between supply and demand of pure benzene enterprises is prominent. The large refinery in Northeast China has been restarted. The load will be increased in the later period, and the supply pressure will be further increased. Therefore, the market is difficult to improve significantly.
It is expected that pure benzene will still operate weakly next week.
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