1、 Price trend

 

Pure benzene continued to fall this month, down 6.76% in the month, according to the data in the business club’s bulk list. On February 1, the listing price of pure benzene was 5650-5800 yuan / ton, and on February 28, the listing price of pure benzene was 5100-5500 yuan / ton. This month, the highest price of pure benzene appeared on February 1, and the highest price was 5650-5800 yuan / ton.

 

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2、 Analysis and comment

 

1. Crude oil: in February, the overall international oil price fell sharply. As of February 28, WTI oil price was 13.04% lower than last month, Brent oil price was 10.91% lower than last month.

 

2. Product: affected by social and public events, crude oil and benzene in outer plate decreased significantly. Domestic: the downstream of pure benzene has low starting load and limited demand; the transportation is relatively limited and the overall trading atmosphere of the market is not active.

 

3. Downstream: styrene fell in shock this month, with the highest price of 7233.33 yuan / ton, the lowest price of 6566.67 yuan / ton, and the maximum price difference of 666.66 yuan / ton, a monthly drop of 7.37%.

 

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In February, the aniline plant had a lot of parking and maintenance, and the supply was tight. Overall, it rose by 2.56% compared with the end of last month.

 

3、 Future forecast

 

1. Crude oil: in the later stage, the oil price mainly focuses on the progress of social public event control and OPEC’s promotion of production reduction.

 

2. Domestic and foreign markets: the Northeast large-scale refineries have been restarted, the later load will gradually increase, the supply pressure will further increase, and the short-term market is difficult to improve significantly.

 

Overall, the short-term pure benzene operation is still weak. Market concern downstream resumption.

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