Price trends:
II. Market analysis:
Domestic market: This week, crude benzol prices rose slightly, with the mainstream market offer of 3200-3400 yuan/ton, up 100 yuan/ton from the previous period. On Tuesday, Sinopec raised its listing price, which led some pure benzene enterprises to follow the price increase. On Wednesday, other enterprises also raised their prices one after another. Market confidence improved, leading to an increase of 70-130 yuan/ton in the tender price of the main domestic crude benzene producing areas. Downstream enterprises followed the increase positively, and the coking enterprises were in a strong tender mood. As of Friday, the mainstream quotation in Shanxi is 3200-3250 yuan/ton, while that in Shandong is 3350-3370 yuan/ton.
| Thiourea |
Industry Chain: Crude Oil: Oil prices have risen and fallen this week, overall down from last week. Early in the week, there were signs that OPEC and other oil producers might extend the cut-off agreement, but the escalation of trade disputes continued to raise concerns about oil demand growth, with crude oil prices falling sharply. On Thursday, two tankers were attacked and U.S. oil rose rapidly, closing down the increase. Pure Benzene: On Tuesday, Sinopec raised its listing price, leading some pure benzene enterprises to follow the price increase. The rest of the enterprises also raised their prices on Wednesday, and market confidence improved. Hydrobenzene: This week, the market price of hydrobenzene rose slightly. Influenced by Sinopec’s increase in the price of pure benzene, the market of hydrobenzene rose positively, the enthusiasm of downstream entry increased, some pre-parked hydrobenzene units had plans to restart, and the demand on the site was expected to increase. The hydrobenzene market rose significantly, with the market offer rising by about 100-150 yuan/ton. As of Friday, mainstream quotations in East China range from 4500 to 4600 yuan/ton, and Shandong from 4250 to 4300 yuan/ton.
3. Trend forecast:
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This week, the crude oil market fell, dragging down the weak operation of the chemical industry chain, the downstream just need to replenish the main, with limited follow-up sentiment, it is expected that the coking industry chain in the latter period will be mainly small shocks, with general fluctuations.