Price trends:

On August 23, the hydrobenzene commodity index was 56.48, up 1.11 points from yesterday, down 44.63% from the peak of 102.01 points in the cycle (2014-01-09), and up 26.75% from the low of 44.56 points on August 31, 2015. (Note: Period refers to 2013-12-01 to date).

II. Market analysis:

Domestic hydrobenzene market fell this week (8.19-8.23). The average domestic market price was 4883.33 yuan/ton at the beginning of the week and 516.67 yuan/ton at the end of the week, up 4.78%.

Domestic market: This week, market favorable factors are concentrated, pure benzene external market has risen one after another, crude benzol prices in the upstream have risen significantly, with a weekly increase of about 500 yuan/ton. In recent years, the price difference between crude benzene and hydrobenzene is obvious, and profits have increased. Hydrobenzene enterprises have started construction more actively. As of Friday, the market price of hydrobenzene in Shandong rose to 5100 yuan/ton, up 300 yuan/ton from last week. Eastern China rose to 5200 yuan per ton and 100 yuan per ton.

Industry Chain: Crude Oil: International oil prices rose first and then fell this week. Overall, compared with last Friday, Brent rose by 2.9%, WTI rose by 1.62%. Oil prices rose as global stock markets rebounded and geopolitical tensions intensified. Oil prices stopped rising and fell because of uncertainty about the Fed’s interest rate cut prospects. Pure benzene: At the beginning of the week, due to the supply gap of pure benzene in the United States, pure benzene in Korea was arbitraged to the United States. The high price of pure benzene in the U.S. dollar plate supported the rise of domestic pure benzene price. On Thursday, the supply of pure benzene in eastern China was tight. Pure benzene companies in Shandong sent their supplies to Eastern China, and the prices of refined pure benzene in Shandong rose.

3. Trend forecast:

Recently, coking enterprises started relatively stable, at about 70%, the pressure of environmental protection is still high near the National Day. It is difficult for coking enterprises to rebound greatly. The crude benzene supply is still tight, but the downstream demand has not increased significantly. It is expected that the future growth space of crude benzene industry chain is limited, and the high level of hydrobenzene consolidation.