1、 Price trend:
According to the data monitoring of business agency, the contract price of Sinopec benzenes rose this week, the crude oil price rose in April, and the crude oil market recovered after the agreement on production reduction was reached at the end of last week. As of April 14, the contract price of o-xylene Sinopec was 4200.00 yuan / ton, up 400 yuan / ton or 10.53% compared with 3800.00 yuan / ton at the beginning of the month. The price is 37.31% lower than that of the same period last year. The price of o-benzene has picked up.
2、 Market analysis:
Crude oil market recovery stimulus
From the trend of crude oil price in April, we can see that the trend of crude oil in April has recovered; on the evening of December 12, the largest crude oil production reduction agreement was reached, and the future market of crude oil is optimistic. Influenced by the good news, the retaliatory rebound of o-benzene, the sharp rise of o-benzene price, and the good o-benzene market.
Market of ortho benzene industrial chain
| Thiourea |
According to the chart of the rise and fall of the industrial chain of ortho benzene in April, the price of the industrial chain of ortho benzene rose sharply in April, the price of raw materials of ortho benzene rose, and the cost of ortho benzene rose; the price of the downstream products of ortho benzene rose, which was good for the market of ortho benzene, and the downward pressure of ortho benzene weakened and the upward momentum increased.
3、 Future forecast:
Bai Jiaxin, data analyst of o-xylene of business association, thinks that since April, the downward trend of crude oil has eased, the downward pressure of o-xylene raw material price has not existed, and the price of raw material has gradually increased. With the agreement of crude oil production reduction reached last weekend, the future market of crude oil is optimistic, which has a positive impact on the downstream. The price of o-xylene has greatly increased due to the rising cost and the recovery of domestic downstream market 。 As for the future market, the crude oil growth momentum is insufficient, the ortho benzene growth support is insufficient, and the domestic demand gradually recovers, but the global demand declines significantly, the overall downstream of ortho benzene is slightly weak, and the ortho benzene market is expected to maintain stability.
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