According to the data from the business associations’list, the prices of domestic pure benzene enterprises have risen in general this week, with some enterprises rising slightly. This week, the highest price of pure benzene appeared on Thursday and Friday, 4300-4500 yuan/ton, a weekly increase of 0.45%.
II. Analytical Review
1. Products: This week, the pure benzene market showed a steady and moderate upward trend, with an increase of about 50-100 yuan/ton. At present, the mainstream price of pure benzene in the market is about 4300-4500 yuan/ton. This week, pure benzene stocks fell again, and the reduction was wider than the previous period. The market was slightly encouraged. Prices began to rise on Thursday. However, due to the current low price of hydrobenzene, the impact on the pure benzene market can not be ignored and the increase is limited.
2. Crude oil: Oil prices showed a downward trend this week. Overall, oil prices fell slightly compared with Brent oil last week, but U.S. crude oil fell sharply.
3. Downstream: This week, the market of aniline downstream of pure benzene is stable, supply and demand are normal, which has little impact on the price of pure benzene; this week, the price of acetone has increased to support the price of pure benzene; maleic anhydride prices fell at the beginning of the week, which can not support the price of pure benzene.
4. External Disc: FOB Korea’s price continues to be higher than CFR China’s, leading to the CFR China talks light. Towards the end of the month, there was a shortfall in FOB Korea. CFR China’s turnover rose to 659 US dollars per ton, which led to more and more serious inversion of internal and external markets and continued to form a strong support for domestic resources.
3. Future Market Forecast
1. Crude Oil: Next week, oil prices will probably rise, but the intensity is still small. US crude oil will stabilize at the $60/barrel level.
2. Domestic market: In June-July, the overhaul load of factories has been increasing. The upside-down of internal and external plates in the early period may lead to a substantial reduction in the arrival of goods in June. In addition to the hot weather, the reservoir area has the consideration of lowering the safe liquid level. It is expected that the supply or a certain reduction will support the price of subsequent pure benzene.
3. External disc: The internal and external discs continue to hang upside down, and the extent of hanging upside down has increased, which forms a certain support for the price of the internal disc.
Taking into account, the pure benzene market will continue to rise slightly next week.