I. price trend:
November 9 hydrogenated benzene commodity index was 56.11, flat with yesterday, down 45.00% from 102.01 (2014-01-09), the highest point in the cycle, and up 25.92% from 44.56, the lowest point on August 31, 2015. (Note: cycle refers to 2013-12-01 to now).
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II. Market analysis:
Domestic market: this week, the number of hydrogenated benzene enterprises decreased slightly. As of Friday, it was about 5150 yuan / ton in East China, 4975 yuan / ton in Shandong, about 50 yuan / ton lower than last week. This week, the price of pure benzene and its downstream products first rose and then fell. The transaction situation of pure benzene industry chain was not good, which had a certain impact on the market of hydrogenated benzene. In addition, this week, the commencement of hydrogenated benzene enterprises dropped to the recent low, the market atmosphere was weak, the pressure of hydrogenated benzene enterprises remained, and the price of manufacturers was firm, but the price of downstream products fell in the second half of the week, the market atmosphere was poor, and hydrogenated benzene It’s hard to get a good price.
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Industrial chain: crude oil: pure benzene: this week, the atmosphere of pure benzene negotiation in East China is stronger, driving the market to be better. This week, the spot supply of pure benzene market was tight and the source of goods was concentrated. The port inventory continued to be less than 100000 tons, and the price of pure benzene was supported higher.
3. Trend forecast:
Next week, the crude oil market will be boosted by the macro benefits. The supply pressure of pure benzene is large, but the downstream demand is weak, so the market is difficult to have a strong support, mainly consolidation. As a result, the price of hydrogenated benzene market is difficult and there is room for shocks.
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