1、 Price trend:

On December 27, the hydrogenated benzene commodity index was 62.91, unchanged from yesterday, 38.33% lower than the highest point in the cycle, 102.01 (2014-01-09), and 41.18% higher than the lowest point, 44.56 on August 31, 2015. (Note: cycle refers to 2013-12-01 to now).

2、 Market analysis:

Domestic market: this week’s Hydrogenated benzene market is slightly lower. By Friday, the price of hydrogenated benzene in East China was 5750-5800 yuan / ton, down 50 yuan / ton from the beginning of the week. In terms of the price difference, the price difference between crude benzene and hydrogenated benzene is narrowed this week, the loss of hydrogenated benzene enterprises is increased, there are many maintenance plans in the near future, some units may reduce the operating rate, the enterprise’s delivery pressure is large, and the on-site delivery and investment are weakened.

Industry chain: in terms of crude oil, the overall trend of oil prices this week was volatile. As of Friday, WTI futures rose 1.72%, and Dubai futures rose 0.81%. ; pure benzene: the external price of pure benzene rose in a narrow range in the week, Sinopec’s price of pure benzene was increased by 200 yuan / ton, and the port inventory of pure benzene continued to rise. Downstream: this week’s price correction of toluene and xylene came from the feedback of traders. The market was cautious. Compared with last week, the turnover of this week fell by more than 20%, and the port inventory rose slightly, about 20000 tons.

Three, trend forecast:

Next week, we will continue to focus on the market transaction status, port inventory, as well as the progress of Sino-U.S. trade negotiations and the crude oil trend under the expectation of OPEC production reduction. At present, the trend of pure benzene and its downstream products is general, and there is no obvious positive support in the short term. In the near future, the intention of maintenance is increasing, the upstream crude benzene market has room for decline, and the hydrogenation benzene market has room for decline in the future.