I. price trend:
On November 8, crude benzene commodity index was 64.70, flat with yesterday, down 50.93% from 131.84 (2013-01-28), the highest point in the cycle, and up 64.84% from 39.25, the lowest point on December 22, 2014. (Note: cycle refers to 2011-09-01 to now).
| PVA 1799 (PVA BF17) |
II. Market analysis:
This week (11.4-11.8), the domestic crude benzene market was slightly lower. The average price in the domestic market was 4145 yuan / ton at the beginning of the week and 4131.67 yuan / ton at the end of the week, down 0.32%.
Domestic market: the crude benzol Market is slightly lower this week, down by about 100 yuan / ton. As of Friday, Shanxi’s offer is 3850-3950 yuan / ton, and Shandong’s offer is 4150-4200 yuan / ton. Affected by the decline of pure benzene expatriates before the rise, the transaction in the spot market of pure benzene this week was limited, which put pressure on the crude benzene market. The bidding price in the main production areas rose and fell in half this week, and the price fluctuated slightly. Although coking enterprises have strong strong strong price sentiment, but the operating rate of downstream hydrogenated benzene enterprises has declined, with limited support for crude benzene.
| PVA FIBER |
Industrial chain: crude oil: pure benzene: this week, the atmosphere of pure benzene negotiation in East China is stronger, driving the market to be better. This week, the spot supply of pure benzene market was tight and the source of goods was concentrated. The port inventory continued to be less than 100000 tons, and the price of pure benzene was supported higher.
3. Trend forecast:
Next week, the favorable macro environment will provide support for the oil price. The supply pressure of pure benzene is high, and the price has some support. However, the weak downstream demand, coupled with the low demand for replenishment at the beginning of the month, the lack of sustained upward momentum in the market, and insufficient market support, the crude benzene industry chain will be dominated by weak shocks in the short term.
| http://www.barium-chloride.com |