I. price trend

According to the data of the business club’s bulk list, the weak consolidation operation of pure benzene this week has basically stabilized the price. The price of pure benzene on Friday is 5250-5400 yuan / ton, which is stable compared with last Friday.

II. Analysis and comment

1. Products: the port inventory of pure benzene is low this week, and the spot supply is tight to support the pure benzene market. However, the downstream profit level is low, which limits the recovery of pure benzene market.

2. Crude oil: this week’s crude oil fluctuated broadly. Affected by OPEC’s possible extension of production reduction period, the overall oil price is higher than last week. WTI was up 1.3% and Brent was up 1.95% compared with November 15. But at present, crude oil price has little influence on the price of pure benzene.

3. Related industries: downstream styrene fell 1.13% after rising this week; aniline enterprises reduced price to promote shipment, down 6.64% this week. The price of aniline was high last month and the profit was large, but this month’s consecutive decline of aniline hit the pure benzene market.

III. future forecast

1. Crude oil: in the next week, production reduction activities will support the rise of oil prices, but economic data and other constraints on oil prices may continue the pattern of shocks.

2. Domestic market: at present, the overall supply and demand of pure benzene market are weak, and the sense of market direction is not strong. In addition, the supply of hydrogenated benzene in North China will resume, and Zhejiang Petrochemical will soon pilot production, which may increase the impact on the pure benzene Market in the future.

Comprehensive consideration, it is expected that the short-term pure benzene will still be weak in the overall operation.