According to the Commodity Market Analysis System of the Business Society, after the 11th National Day holiday, terminal rigid demand has declined, and the hydrogen peroxide market has plummeted by over 30%. On October 8th, the average market price of hydrogen peroxide was 1433 yuan/ton. On October 1st, the average market price of hydrogen peroxide was 2126 yuan/ton, with a price drop of 32.6%.

Negative sentiment suppresses the decline of hydrogen peroxide market

After the Double Festival, the stock market in the terminal printing and papermaking industry has ended, and demand has declined. In addition, the market acceptance of high priced hydrogen peroxide has decreased, resulting in a significant drop in hydrogen peroxide prices. The mainstream quotation for 27.5% hydrogen peroxide in Shandong region dropped to 1500 yuan/ton, while the mainstream quotation for 27.5% hydrogen peroxide in Hebei region dropped to 1300 yuan/ton, and the mainstream quotation for 27.5% hydrogen peroxide in Anhui region dropped to 1500 yuan/ton. The domestic price of 27.5% hydrogen peroxide has decreased by about 500 yuan/ton compared to before the holiday.

Li Bing, an analyst at Business Society Chemical, believes that the bearish situation will be suppressed, and terminal rigid demand will decline. The future market for hydrogen peroxide will still be dominated by a decline.

After the holiday, the price trend of domestic fluorite has significantly increased. As of the 8th, the average price of domestic fluorite was 3718.75 yuan/ton, with a price increase of 4.75% in the past two days. The price is currently at a high level within the year.

Supply side: Difficulty in starting raw ore production, shortage of fluorite in stock

The current situation of the game in the domestic fluorite industry still exists, and overall, the operating rate of enterprises remains low. The main reason is that upstream mining is tight, backward mines will continue to be phased out, new mines will be added, and mineral investigation work is still difficult. In addition, mining enterprises are facing increasingly strict safety and environmental requirements, and some mines are undergoing safety hazard inspections. The difficulty of operating fluorite mines has increased, and the shortage of raw materials has restricted the operation of fluorite enterprises, As a result, it is difficult for fluorite flotation enterprises to improve their operations, and the spot price of fluorite is very tight, resulting in a significant increase in spot prices. As a result, the market price of fluorite continues to rise.

On the demand side: The price of hydrofluoric acid is rising, and the refrigerant market is rising

In October, the price trend of domestic hydrofluoric acid has increased, and the mainstream prices of hydrofluoric acid in various regions have been discussed, rising to 11400-11800 yuan/ton. Recently, some devices are still in shutdown, and there is little change in the spot supply of hydrofluoric acid. The order situation of manufacturers’ hydrofluoric acid is relatively normal, and the sulfuric acid market price is at a high level. This has affected the market price of hydrofluoric acid, which to some extent supports the market price of fluorite. In addition, the approaching winter storage, Some hydrofluoric acid manufacturers have started stocking their raw materials, resulting in a continuous upward trend in the fluorite market.

The market trend of downstream refrigerant products in the terminal market has increased, and the operating rate of the refrigerant industry has not changed much. The load of refrigerant R22 manufacturers is not high, and downstream procurement needs to follow up. Some enterprises have absorbed quotas in advance, and the monthly average quantity of remaining quotas is relatively small. The price trend of R22 has increased. The domestic R134a manufacturers are operating at low loads, and the price of R134a is rising. Some companies have a strong reluctance to sell, and there is currently no mentality of buying low-priced orders. Some businesses have seen price trends rise. Currently, costs are firm, and the export market has slightly warmed up for delivery. The current market quotation for refrigerant R134a is mostly in the range of 27000-29000 yuan/ton. Supply and cost factors have driven refrigerant companies to have a clear intention to increase prices, and cost has slightly highlighted the profit space of enterprises, Positive support for the upward trend of refrigerant market, to some extent, is beneficial for the domestic fluorite market price.

In addition to the traditional demand of the refrigerant industry, fluorite, as an important mineral raw material in modern industry, is constantly developing in emerging fields. It is also applied in strategic emerging industries such as new energy and new materials, as well as in fields such as national defense and nuclear industry, including lithium hexafluorophosphate, PVDF, graphite negative electrodes, photovoltaic panels, etc. With the demand driven by new energy and semiconductor industries, fluorite applications have received certain support, and the fluorite market has risen.

Future Market Forecast: In the near future, it is difficult to improve the supply of domestic fluorite mines, and some mines have stopped production for safety inspections. In addition, the trend of the hydrofluoric acid market is rising, and hydrofluoric acid companies hold an optimistic attitude towards the later stage. The refrigerant market trend is rising, and as the temperature decreases in the northern fluorite production, there will be a decline. At that time, the tight spot situation will intensify. Business Society analyst Chen Ling believes that the fluorite price market is easy to rise but difficult to fall in the later stage.

In September, the styrene butadiene rubber market rose in the early stage, but fell from its high point at the end of the month. According to the Commodity Market Analysis System of Business Society, as of September 28th, the price of butadiene benzene 1502 was at 13200 yuan/ton, an increase of 9.17% from 12091 yuan/ton at the beginning of the month, and a decrease of 3.18% from the high point of 13633 yuan/ton within the month.

In the first half of the month, the overall prices of raw materials butadiene and styrene have significantly increased, and the cost support for styrene butadiene rubber is strong. The factory price of styrene butadiene rubber has continuously increased significantly, and the market price of styrene butadiene rubber has risen; Starting from the middle of the month, the price of raw material styrene began to decline, and the support for styrene butadiene slightly weakened. However, downstream tire factories started operating steadily. In addition, tire enterprises are centralized in dual sector stocking, and demand for styrene butadiene rubber forms support. The styrene butadiene rubber market is operating at a high level; At the end of the month, on the one hand, the price of raw material styrene continued to decline, and the price of butadiene also began to decline. The cost support for styrene butadiene rubber once again weakened. On the other hand, approaching the end of the dual reserve period, market transactions were light, and the main suppliers of styrene butadiene rubber continuously lowered their factory prices. As a result, the high market price of styrene butadiene rubber declined. As of September 28th, the Northeast Warehouse of Jilin Petrochemical Butadiene 1502, a subsidiary of PetroChina Northeast Sales Company, has raised its price to 13000 yuan/ton, and the domestic market quotation range for Butadiene Rubber 1502 is around 13000 to 13400 yuan/ton.

In September, there was a slight fluctuation in the start of the butadiene styrene rubber plant, and the supply of butadiene styrene increased slightly in the second half of the month.

In September, the price of butadiene, the raw material for styrene butadiene rubber, rose sharply and then stabilized, while the price of styrene rose first and then fell. The overall cost center of styrene butadiene rubber in September shifted upwards.

According to the Commodity Market Analysis System of Business Society, as of September 28th, the price of butadiene was 8710 yuan/ton, an increase of 14.21% from 7626 yuan/ton at the beginning of the month; As of September 28th, the price of styrene was 9183 yuan/ton, an increase of 4.99% from the beginning of the month at 8746 yuan/ton, and a decrease of 5.97% from the month’s high of 9766 yuan/ton.

In September, the natural rubber market first rose and then fell, but overall it was lower than the price level of styrene butadiene rubber, which had a negative impact on styrene butadiene rubber. According to the Commodity Market Analysis System of Business Society, as of September 28th, the price was at 12540 yuan/ton, an increase of 1.24% from 12386 yuan/ton at the beginning of the month, and a decrease of 2.64% from the high point of 12880 yuan/ton within the month.

Demand side: The overall stability of tire production in September has continued to demand support for rubber, and tire companies are stocking up before holidays in the middle of the month, resulting in a certain increase in rubber demand. It is understood that as of late September 2023, the operating load of all steel tires for rubber tire enterprises in Shandong region is 6.4%; The operating load of semi steel tires for domestic rubber tire enterprises is 7.2%.

Future Market Forecast: Business Society analysts believe that downstream construction is basically stable, and the supply of styrene butadiene rubber is basically stable. However, the cost side has slightly decreased in the short term, but may fluctuate significantly later due to the impact of crude oil prices. Overall, it is expected that the styrene butadiene rubber market will remain high and weak in the short term. If international crude oil continues to rise significantly after the holiday, styrene butadiene rubber may rise again due to cost support.

Zinc prices continued their upward trend in August in September

According to the Commodity Market Analysis System of the Business Society, as of September 28th, the zinc price was 21910 yuan/ton, an increase of% compared to September 1st, when the zinc price was 21364 yuan/ton; Compared to the fluctuating price of 19946 yuan/ton on August 17th, the zinc price has increased by 9.85%. The arrival of the Golden Nine and Silver Ten has seen a significant increase in zinc prices since late August. In September, zinc prices continued to rise and fluctuate, but the quality of the Golden Nine was insufficient, and the rise in zinc prices slowed down. In late August, zinc prices fluctuated and consolidated.

Import data statistics of zinc market

According to data from the General Administration of Customs, China’s refined zinc imports in August were 29250.41 tons, a decrease of 61.91% month on month and a significant increase of 828.76% year-on-year. Previously, due to the strength of the domestic zinc market and the weakness of the external market, the import window was opened, and the domestic refined zinc import volume has been continuously increasing since the second quarter, reaching 76800 tons in July, setting the highest monthly record since April 2019. Imported zinc continued to impact the domestic market, but in August, the import window was basically closed, and the refined zinc import volume significantly decreased. The increase in refined zinc imports indicates an improvement in Chinese market sentiment and a resurgence of optimism in Chinese market confidence. However, in August, the import volume of refined zinc significantly decreased, resulting in insufficient quality of the “nine gold and ten silver” market and insufficient support for the future positive zinc market.

Marginal improvement in economic data for August

Under the stimulus of a package of stable growth policies, the economic data in August saw a marginal improvement. The total retail sales of consumer goods increased by 4.6% year-on-year, an increase of 2.1 percentage points compared to the previous month, and the market expected 3.5%; The added value of industries above designated size increased by 4.5% year-on-year, an increase of 0.8 percentage points compared to the previous month, and the market expects it to be 4.2%. The growth rate of retail sales of goods has significantly increased, and residents’ consumer confidence has increased. The retail sales of goods increased by 3.7% year-on-year in August, an increase of 2.7 percentage points compared to the previous month. Promotional policies and events such as car shows have boosted demand for cars, with retail sales increasing by 1.1% year-on-year (-1.5%). The acceleration of housing completion has led to an improvement in post real estate cycle consumption, with furniture increasing by 4.8% year-on-year (previous value of 0.1%) and household appliances and audio equipment decreasing by 2.9% year-on-year (previous value of -5.5%). Under policy stimulus, macroeconomic growth has led to a rebound in demand for zinc, which is beneficial for the zinc market.

International Market Economy Data

The hawkish statement from the Federal Reserve boosted the US dollar index to a new high for the year, with 10-year US bond yields reaching new highs. Non ferrous metals are under pressure, and downward pressure on zinc prices remains; According to data from the US Department of Labor, the number of initial claims for unemployment benefits in the week of September 16th decreased by 20000 after seasonal adjustments. The US labor market remains resilient, and the Federal Reserve has significantly raised its GDP growth forecast for 2023 and 2024. The US economic data is positive, while the zinc market is positive.

According to S&P IHS Markit data, the initial PMI for the eurozone in September was 47.1, with manufacturing PMI 43.4 falling short of expectations and service PMI 48.4 exceeding expectations. All three data points are in a contraction range, with manufacturing PMI below the boom and bust line for 15 consecutive months. Among them, the initial comprehensive PMI for Germany in September was 46.2, while the manufacturing PMI was 39.8, slightly higher than the previous value of 39.1; The initial comprehensive PMI for France in September was 43.5, with manufacturing industry PMI 43.6 and service industry PMI 43.9, both of which were significantly lower than expected. The two major growth pillars of the eurozone, Germany and France, are the main driving factors for the decline in economic activity in the eurozone. Although Germany’s recession has eased, France’s recession is intensifying. The economic downturn in the Eurozone has led to a bearish market for non-ferrous metals and increased pressure on zinc prices to decline.

Supply and demand situation of zinc market

In terms of supply, zinc concentrate supply is relatively loose, zinc concentrate processing fees have slightly decreased, smelters’ profits are on the high side, and the supply of zinc ingots has increased. Coupled with the opening of the zinc ingot import window, the supply of zinc in the market has increased; In terms of demand, the renovation of urban villages and the dual stocking of goods have stimulated demand in the zinc market, and the consumption of infrastructure and home appliances has strengthened. However, the real estate market has dragged down consumption in the zinc market, and the actual effect of policy incentives has not been obvious. The accumulation of finished product warehouses has forced the operating rate of galvanized pipe enterprises to decline, and the growth rate of demand in the zinc market lags behind supply, making it difficult to reverse the trend of overcapacity. The overall zinc market is oversupplied, and there are still bearish prospects in the zinc market.

Future Market Forecast

Data analysts from Business Society believe that the macroeconomic recovery is less than expected, the quality of the gold and silver market is insufficient, and the positive support for the zinc market is increasing. The domestic supply and demand expectations are increasing, but the supply growth rate is faster than the demand growth rate, and the zinc market supply exceeds demand. Overall, the macro positive support is insufficient, with both supply and demand increasing but oversupply. It is difficult to determine the rise or fall of zinc prices, and it is expected that zinc prices will consolidate in a narrow range in the future.

1、 Price trend

According to the Commodity Market Analysis System of Business Society, the average market price of domestic liquid caprolactam on September 18th was 14066 yuan/ton, and on September 22nd, the average market price of domestic liquid caprolactam was 13975 yuan/ton. Caprolactam prices fell by 0.65% this week.

2、 Market analysis

The market price of caprolactam rose first and then fell this week. The price of raw material pure benzene has been lowered, and cost support has weakened. At the beginning of the week, the market supply was tight, and the market for caprolactam was strong. As the price of raw material pure benzene continues to decline, the price of caprolactam begins to follow suit. The downstream trend is weak, and demand is decreasing.

The price of raw material pure benzene has slightly decreased this week. On September 18th, the price of pure benzene was 8717 yuan/ton, and on Friday (September 22nd), the price of pure benzene was 8650 yuan/ton, a 2.08% decrease compared to last week. This week, the price of Sinopec pure benzene was at 8400 yuan/ton (prices in Shandong and Hebei regions have also dropped by 400 yuan/ton).

This week, the downstream PA6 market rose first and then fell. As of September 22nd, the reference average price of domestic PA6 is 14825 yuan/ton.

3、 Future Market Forecast

Business Society Caprolactam analysts believe that the caprolactam market has been operating weakly recently. The raw material pure benzene market has fallen, and cost support has weakened. Combined with poor downstream trends, demand has decreased. It is expected that the price of caprolactam will slightly decline in the short term. It is recommended to pay attention to changes in the raw material market.

1、 Price trend

According to the Commodity Market Analysis System of the Business Society, the average market price of 55% powdered ammonium phosphate in China on September 15th was 3100 yuan/ton. On September 21st, the average market price of 55% powdered ammonium phosphate in China was 3100 yuan/ton. This week, the market price of monoammonium phosphate remained stable.

According to the Commodity Market Analysis System of the Business Society, the average market price of 64% diammonium phosphate in China on September 15th was 3875 yuan/ton. On September 21st, the average market price of 64% diammonium phosphate in China was 3875 yuan/ton. This week, the market price of diammonium phosphate remained stable.

2、 Market analysis

The market price of ammonium phosphate is temporarily stable this week. The price of raw material phosphate rock has increased, the price of raw material sulfur has decreased, and the rise and fall of raw materials are mixed. At present, there are relatively few new orders in the monoammonium phosphate market, and there is still support from pending orders. The demand in Northeast China is starting to follow up. The diammonium phosphate market is operating steadily, and enterprises are executing domestic and foreign pending orders. Downstream demand has weakened, and the market trading atmosphere is not good. As of September 21st, the market price of 55 powdered ammonium in Hubei region is around 3100 yuan/ton, while the factory price of 55 powdered ammonium in Henan region is around 3100 yuan/ton, with actual negotiations being the main focus. The market quotation for 64% ammonium chloride in Shandong region is around 3900 yuan/ton, and the actual transaction is negotiated.

In terms of raw sulfur, the domestic sulfur market has shown a downward trend this week. As of September 21st, the reference average price of sulfur in East China is 1066.67 yuan/ton.

In terms of raw phosphorus ore, the overall focus of the domestic phosphorus ore market continued to move upwards this week. The supply and demand of mid to high-end grade phosphate rock on the site continue to be tight, with downstream pre holiday stocking opening and overall good demand. As of September 21st, the domestic market price of 30% grade phosphate ore is referenced around 930-1000 yuan/ton.

3、 Future Market Forecast

Analysts from the Business Society believe that the ammonium phosphate market has been undergoing consolidation and operation recently. The price of raw material phosphate rock is running at a high level, and under cost pressure and support from waiting for delivery, the market for phosphate ammonium is firm. The reimbursement of dealers is chaotic, and the demand side needs to be followed up. It is expected that the short-term price of ammonium phosphate will mainly maintain consolidation operation.

According to price monitoring data from Business Society, as of September 20, 2023, the reference price for domestic n-propanol was 8016 yuan/ton. Compared to September 15, 2023 (reference price for n-propanol is 8050 yuan/ton), the price was reduced by 34 yuan/ton, a decrease of 0.41%.

From the data monitoring chart of the Business Society, it can be seen that as of this week (9.15-9.20), the overall market situation of n-propanol in China has shown a slight downward trend. At the beginning of the week, the trading atmosphere of n-propanol on site was average. Some suppliers in Shandong region reduced the price of n-propanol narrowly based on their own inventory and shipment situation, with a reduction range of around 50-100 yuan/ton. In the middle of the week, the news on the n-propanol market was relatively calm, and the market was mainly in consolidation operation. As of September 20th, the domestic market price of n-propanol in Shandong region was around 7200-7800 yuan/ton, while higher prices were around 8100 yuan/ton. The market for n-propanol in Nanjing is relatively stable, and the market price for n-propanol is around 9000 yuan/ton. Distributors in different regions still have reservations about prices, and the difficulty in monitoring prices may lead to differences in specific negotiation situations. Each region also has differences, and actual negotiations are the main focus.

Prediction of the Future Market Trend of n-propanol

At present, the overall trading atmosphere in the n-propanol market is relatively weak, and downstream stocking and procurement are relatively cautious. New orders are mostly sold on a volume basis, while downstream pre holiday stocking rhythm is average. Business Society’s n-propanol data analysts believe that in the short term, the domestic n-propanol market is mainly stable and subject to small fluctuations, and the specific trend still needs to pay more attention to changes in supply and demand news.

According to the Commodity Market Analysis System of the Business Society, from September 12th to 19th, the market price of butadiene in China increased from 8568 yuan/ton to 8747 yuan/ton, with a price increase of 2.09% during the cycle, a month on month increase of 14.89%, and a year-on-year decrease of 3.83%. Driven by demand in Northeast Asia, the external price of butadiene has continued to rise, while the trend of downstream synthetic rubber remains relatively strong, bringing a significant boost to the domestic market.

On the cost side, in terms of crude oil: Saudi Arabia and Russia’s extended production reduction deadline has led to supply tightening expectations and continued to ferment. Coupled with the US shale oil production not meeting expectations, positive supply has overshadowed demand concerns. As of the close on September 18th, the settlement price of the Brent crude oil futures main contract was at $94.43 per barrel, an increase of $0.50 or 0.5%.

In terms of naphtha, the domestic market for refining naphtha has fluctuated and risen. The rise in international crude oil has driven the domestic naphtha market, and terminal restructuring is just needed to release, with refineries actively shipping. The cost of butadiene is influenced by favorable factors.

On the supply side, the main production enterprises, Sinopec and its sales companies, have seen a double increase in butadiene prices of 100 yuan/ton to 8800 yuan/ton. Dalian Hengli’s 140000 ton/year butadiene plant is operating steadily, with normal supply for export and a stable price of 8710 yuan/ton. The 64000 tons/year butadiene extraction unit of Shenhua Ningxia Coal has been operating steadily, with a small amount of supply for export and a stable price of 8300 yuan/ton.

On the demand side, the spot market for butadiene rubber saw a slight upward trend, with the increase narrowing compared to early September. The raw material prices have risen, and styrene butadiene rubber continues to receive cost support. At the same time, downstream demand has a certain level of demand support. As of September 19th, the market price of butadiene rubber in East China is 13840 yuan/ton, and the factory report of Qilu Butadiene 1502 from Sinopec North China Sales Company is 13700 yuan/ton. The demand for butadiene is influenced by favorable factors.

On September 18th, the closing price of butadiene in Asia remained stable: FOB South Korea was quoted at $1005- $1015 per ton; The Chinese CFR report is between $1045 and $1055 per ton. The external price of butadiene in Europe rose: FOB Rotterdam closed at $695-705 per ton; FD Northwest Europe closed at 640-650 euros/ton, up 5 euros/ton.

In the future market forecast, the short-term butadiene market is mainly driven by the trend of external and downstream synthetic rubber markets. Supported by high external prices, domestic supplier price expectations are relatively strong, bringing a significant boost to merchants’ bidding mentality. Business Society Butadiene Analysts predict that the domestic butadiene market is mainly strong and organized.

Recent trends in sulfuric acid prices

According to the Commodity Market Analysis System of Business Society, the domestic sulfuric acid market price has slightly increased this week, with sulfuric acid prices rising from 306.00 yuan/ton at the beginning of the week to 310.00 yuan/ton at the end of the week, an increase of 1.31%. Weekend prices increased by 35.96% year-on-year.

The upstream market has slightly declined, while the downstream procurement enthusiasm is average

From the supply side perspective, the prices of mainstream domestic sulfuric acid manufacturers have fluctuated this week, with average inventory levels among manufacturers.

From the perspective of the upstream and downstream industry chains, the upstream sulfur market has experienced a significant decline, with sulfur prices dropping from 1160.00 yuan/ton at the beginning of the week to 1090.00 yuan/ton at the weekend, a decrease of 6.03%, and a year-on-year decrease of 4.66% over the weekend. The upstream market has significantly declined, with insufficient cost support. The downstream hydrofluoric acid market slightly increased, with the market price rising from 10100.00 yuan/ton at the beginning of the week to 10316.67 yuan/ton at the weekend, an increase of 2.15%. Weekend prices increased by 3.17% year-on-year. The downstream titanium dioxide market has stabilized at a high level, with a market price of 16866.67 yuan/ton. Weekend prices increased by 3.16% year-on-year. The downstream market has slightly increased, and downstream procurement enthusiasm is good.

Small fluctuation and decline in the future market

In late September, the domestic sulfuric acid market may experience a slight fluctuation and decline. Although the downstream titanium dioxide and hydrofluoric acid markets have stabilized at high levels, downstream customers have a good enthusiasm for purchasing sulfuric acid. However, the upstream sulfur market has significantly declined, and cost support is insufficient. Under the contradiction between supply and demand, the product trend is declining. Business Society sulfuric acid analysts believe that in the short term, the domestic sulfuric acid market is mainly affected by various factors such as supply and demand and raw materials, and the sulfuric acid market price may fluctuate and decline slightly.

According to the Commodity Market Analysis System of Business Society, from September 8 to September 15, 2022, the ex factory price of hydrogenated benzene in North China increased by 5.75%, from 8400 yuan/ton last week to 8883.33 yuan/ton this week.

In terms of crude oil, international crude oil futures rose significantly on September 14th. The settlement price of the main contract for US WTI crude oil futures was $90.16 per barrel, up $1.64 or 1.9%. This year, WTI reached the $90 level for the first time, reaching a new high since November 2022. The settlement price of the main contract for Brent crude oil futures was $93.70 per barrel, an increase of $1.82 or 2.0%. The main reason is that the expectation of supply tightening has overshadowed concerns about slowing economic growth and increasing US inventory. On a macro level, recent economic data has also shown good performance, with retail sales in the United States growing 0.6% month on month in August, higher than expected growth of 0.2%. Last week, the number of initial claims for unemployment benefits increased to 220000, but lower than the expected 225000. The producer price index (PPI) of final demand in August increased by 0.7% month on month, higher than the expected 0.4% increase. The rebound in economic data indicates strong demand in the United States. In addition, China has recently introduced a series of positive measures. The People’s Bank of China announced on the 14th that it has decided to lower the reserve requirement ratio of financial institutions by 0.25 percentage points on September 15, 2023, which has also played a positive role in boosting market expectations.

Looking at the future, crude oil analysts from Business Society believe that both macro and fundamental factors will support oil prices in the short term. It is expected that oil prices will maintain a strong trend in the expectation of tight supply. However, currently prices are at a relatively high level, and the market should be vigilant against the correction caused by the release of bearish news

The factory price of Sinopec pure benzene has been raised twice in this cycle, with a cumulative increase of 450 yuan/ton during the week. Currently, it is executing at 8800 yuan/ton.

Other companies: Jingbo Petrochemical quoted 8900 yuan/ton, HSBC Petrochemical quoted 8800 yuan/ton, Weilian Chemical quoted 8823 yuan/ton, Xinhai Petrochemical quoted 8900 yuan/ton, and Hongrun Petrochemical quoted 8800 yuan/ton.

According to the Commodity Market Analysis System of Business Society, the price of pure benzene has significantly increased this week. On September 11th, the price of pure benzene was 8045 yuan/ton, and on Friday (September 15th), the price of pure benzene was 8834 yuan/ton, an increase of 13.25% compared to last week and 12.89% compared to the same period last year.

The K-bar chart of commodity prices uses the concept of a price trend K-line to reflect weekly or monthly price fluctuations in the form of a bar chart. Investors can buy and sell investments based on the changes in the K-bar chart. Red indicates an increase; Green indicates a decline; The height of the K-bar represents the range of fluctuations. The weekly K-bar chart of pure benzene shows that the pure benzene market has seen a positive trend in recent times. After ten consecutive weeks of decline, it has continued to rise for six consecutive weeks, slightly falling for three consecutive weeks, and rising by 9.84% this week.

From the perspective of the industrial chain, crude oil prices continued to rise during the week, reaching a high of $90 per barrel, breaking the new high for the year. The styrene market has continued to rise, reaching a new high for the year. Under the joint influence of upstream and downstream factors, the domestic pure benzene market has continuously increased. Sinopec has raised the price of pure benzene by 450 yuan/ton during the week, and it has now reached a high of 8800 yuan/ton. Driven by the sharp rise in the industrial chain, the hydrogenation benzene market continued to rise during the week, with factory prices in the main production areas rising to a high of 8800-8900 yuan/ton.

This week, the hydrogenation benzene market continued to follow the trend of pure benzene, with an increase of 400-450 yuan/ton during the week. There has been little change in supply, with a slight increase in operating rates. In terms of demand, there are plans for starting and stopping downstream devices, but overall changes are limited. The impact of supply and demand factors on the market during the week is almost negligible, and the market mainly follows the trend of the industrial chain. As the National Day holiday approaches, downstream enterprises have stocking demand, and the overall inventory of pure benzene in the industry chain is low. The styrene market is expected to operate at a high level in crude oil, with multiple positive impacts. It is expected that the overall hydrogenation benzene market will operate at a high level in the short term, with a focus on the impact of pre holiday stocking plans on market sentiment.