1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, the price of pure benzene has recently fallen, with a price of 8834.67 yuan/ton on August 1st; On August 9th, the price was 8544.67 yuan/ton, a decrease of 0.24% from the beginning of the month and an increase of 8.48% from the same period last year.
2、 Analysis and Review
Pure benzene: Recently, the overall trend of pure benzene has continued to decline. At present, the inventory of pure benzene ports is declining. The inventory of pure benzene ports in Jiangsu Province is 35000 tons, a decrease of 4800 tons or 12.06% compared to the previous inventory of 39800 tons. As of August 9th, the mainstream spot price of pure benzene in Shandong market is 8500 yuan/ton. At present, downstream procurement is weak, market transactions are poor, and the pure benzene market is weak and declining.
This month, the price of pure benzene from Sinopec has dropped to 8400 yuan/ton.
Downstream aspects
This week, the styrene market prices fluctuated and consolidated. In August, there were many maintenance visits to the styrene plant. On the 6th, the 500000 tons/year styrene plant in Dagu, Tianjin was shut down for maintenance for one month. The recent rise in the styrene market has been weak, and spot demand is mainly driven by rigid demand. The styrene inventory in Jiangsu ports has decreased, and the styrene market has fluctuated and consolidated. At present, the transaction price of styrene in Jiangsu region is 9460 yuan/ton.
3、 Future forecast
Crude oil: International oil prices have risen. NYMEX crude oil futures contract 09 rose $0.96 per barrel or 1.28% at 76.19; ICE Brent Oil Futures 10 contract 79.16 rose $0.83 per barrel or 1.06%. The main contract for Chinese INE crude oil futures, 2409, rose 9.5 to 555.4 yuan/barrel, and rose 8.6 to 564 yuan/barrel in night trading.
Crude oil prices are fluctuating in a high range, with good cost support. The inventory of pure benzene at ports has slightly decreased, and pure benzene may rise slightly in the short term. We are waiting to see if the cost and demand sides can improve. Continue to monitor the trends of crude oil and external markets, as well as the impact of changes in pure benzene and downstream equipment dynamics and demand on the price of pure benzene.
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