1、 Price trend:

On March 8, crude benzene commodity index was 63.81, flat with yesterday, down 51.60% from 131.84 (2013-01-28), the highest point in the cycle, and up 62.57% from 39.25, the lowest point on December 22, 2014. (Note: cycle refers to 2011-09-01 to now).

2、 Market analysis:

Domestic market: the focus of pure benzene negotiation this week is weak. On Tuesday, Sinopec reduced the price of pure benzene by 200 yuan / ton to 5150 yuan / ton, and the price of pure benzene continued to rebound. In terms of supply, the recent crude benzene supply picked up slightly compared with last week, the operating rate of coking enterprises picked up slightly, the operating rate of downstream hydrogenated benzene enterprises was still low, and the support for crude benzene was limited. As of Friday, the price of crude benzene in Shandong fell slightly to about 3850 yuan / ton.

Industry chain: crude oil: OPEC pushed forward production reduction at the beginning of the week, and oil prices rose in a downward trend. But later, it was reported that Russia still had differences, market concerns increased, and oil prices fell. Compared with February 28, Brent increased by 2.01% and WTI by 2.49%. Compared with the beginning of the year, Brent fell by 22.86% and WTI by 24.21%. Pure benzene: the focus of this week’s pure benzene negotiation is weak. On Tuesday, Sinopec reduced the price of pure benzene by 200 yuan / ton to 5150 yuan / ton. Northern region, the early price clearance, inventory pressure is now reduced, the market began to rise. Downstream: downstream styrene fell in shock. Friday’s price was 6600 yuan / ton, down 1.49% from last week. In order to promote the shipment of aniline, the price was lowered. The price in Shandong was 6700 yuan / ton, and that in Nanjing was 6900 yuan / ton.

3、 Trend Forecast:

The impact of social public events in foreign countries is still large, and there are still uncertain factors in the promotion of OPEC production reduction, so the rebound momentum is small. In terms of pure benzene, the price in East China is under pressure. There is still downward space for pure benzene. The cost pressure of downstream hydrogenated benzene enterprises is still the same. There is strong pressure on crude benzene, and the market pressure on crude benzene is still the same. It is expected to stabilize in the short term and slightly decline.