I. price trend

According to the data of the business club’s large scale list, the price of pure benzene rose this week after falling. The price of pure benzene fell in 5050-5400 yuan / ton last Friday, and the price of pure benzene was 5250-5400 yuan / ton this Friday, up 0.18% compared with last Friday.

II. Analysis and comment

1. Products: the market demand for pure benzene at the beginning of the week was weak, and the price was lower. However, the reduction of hydrogenated benzene production led to the decrease of supply, driving the price of pure benzene higher in North China. Tight spot supply and drop in port inventory led to short covering, which drove the price of pure benzene to continue to rise.

2. Crude oil: this week’s crude oil range fluctuated, affected by economic data, progress of trade negotiations and US crude oil inventory. WTI was up 1% and Brent was up 2.46% compared with November 8.

3. Related industries: this week’s downstream styrene fell 2.63%; aniline rose or fell 9.96% this week. Depressed downstream market, limit the growth of pure benzene.

III. future forecast

1. Crude oil: next week, the oil price may continue to fluctuate.

2. Domestic market: the supply and demand of coking industry has been improved, the support surface of hydrogenated benzene is strong, and the subsequent driving force is still strong. In addition, the port inventory is low, and the spot market supply is tight, which has strong support for the bottom of pure benzene. But at present, the profit of downstream enterprises is small, the demand is weak, and the increase is limited.

Overall, it is expected that pure benzene will rise slightly in the later period driven by the market.