I. price trend

According to the data of the business club’s bulk list, this week’s pure benzene continued to make good profits last week and rose rapidly, with Sinopec raising its listing price twice. On Friday, the listing price of pure benzene enterprises was 5250-5450 yuan / ton, and on Friday, the listing price of pure benzene was 5700-5850 yuan / ton, up 7.74% from last week.

II. Analysis and comment

1. Products: the port inventory of pure benzene continued to decline this week, and the domestic spot supply of pure benzene was limited, which was good for the price of pure benzene.

2. Crude oil: due to OPEC’s deepening production reduction and favorable trade prospects, crude oil rose in shock this week. WTI was up 1.49% and Brent was up 1.19% compared with December 6.

3. External market: this week, the Asian pure benzene market was forced to empty in January, which caused the focus of Asian pure benzene price to move up, driving the domestic pure benzene price higher.

4. Related industries: this week’s styrene parabola trend, an overall increase of 0.9% over last week; this week’s downstream aniline demand is fair, mainly affected by the cost side, rose passively by 8.51%. However, the overall profit of downstream pure benzene enterprises is low, which limits their growth.

III. future forecast

1. Crude oil: the progress of the trade agreement smoothly boosted the market, and it is expected that the oil price will be boosted next week.

2. Market: at present, the domestic spot supply of pure benzene is tight, which has certain support for the market in the short term. But this week’s rally was too fast and downstream pressure surged. It is heard that Zhejiang Petrochemical had the export of pure benzene in December. In addition, the situation of short selling was postponed, and the price of pure benzene in the later period was negative.

Comprehensive consideration, it is expected that the pure benzene will be stable and weak in operation next week.