1、 Price trend

The price of pure benzene fell slightly this week, according to the data in the business club’s large list. Last Friday (February 7) the price of pure benzene was 5400-5600 yuan / ton, and this Friday’s price was 5200-5800 yuan / ton, down 0.7% from last week.

2、 Analysis and comment

1. Product: pure benzene port stock accumulation this week. 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 two weak supply and demand, and is still affected by transportation.

2. 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.

3. Downstream industry: most of the downstream enterprises of pure benzene operate at 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、 Future forecast

1. Crude oil: next week, the oil price will focus on the process of OPEC production reduction and the recovery of the epidemic.

1. Market: some pure benzene enterprises reduce load operation, and hydrogenated benzene plants also have a decline.

At present, there is not much negative factor. Next week, we should pay attention to the recovery of transportation and the resumption of downstream enterprises.