First, the price trend:
Second, the market analysis: Domestic market: This week, the market price of hydrogenated benzene is more stable, as of Friday, Shandong region, the mainstream quotation range of the hydrogenation of the market in 4150-4200 yuan/ton, the same as last week, the East China hydrogenated benzene market mainstream quotation range of 4350-4450 yuan/ton, compared with last week cut 50 yuan/ton. This week, hydrocracking Enterprises began to gradually resume, Shandong region Enterprises basically resumed construction, only Shandong Holy Transport and Shandong Jade Emperor device parking, another Shandong Jin energy 100,000/ton device started in about 75%, the basic return to normal production, Hebei region most devices resumed driving.
| PVA FIBER |
The overall market supply is more normal, trading stability. Industrial chain: Crude oil: Oil prices overall high volatility this week, closing oil prices fell sharply in Thursday. Pure benzene aspect: The message surface is basically smooth, to the spot market cost support is strong, the market low price resources are difficult to find, the merchant’s willingness to price is strong. Although the port stock has been lower, but the overall range is not small, the market influence is low. Constant force start load will gradually improve, downstream plant inventory is high, the willingness to take goods is low, the overall atmosphere is light. Although domestic inventory has a small drop, but the overall stock volume is still at a high of 23.24 million tons. Crude benzene aspect: crude benzene market offer rose slightly this week in east China this week’s tender prices rose by about 10 yuan/ton, most manufacturers prices stable. Market supply, the recent coking enterprise construction rate, Shanxi Shaanxi is affected by environmental protection overall in about 70%, Shandong region slightly higher in about 80%, Hebei region by air quality impact slightly lower in 60%. As of Friday, Shandong region processing crude benzene quotation stable quotation range in 3250 yuan/ton, Shanxi region processing with crude benzene price stable in 3100-3150 yuan/ton.
| PVA 1799 (PVA BF17) |
Inner Mongolia area processing with crude benzene quotation stable quotation in 3000 yuan/ton.
Third, the trend forecast: Recently, Hydrocracking Enterprises have resumed construction, the field supply increased, but pure benzene port inventory is still increasing, manufacturers of high turnover blocked, the actual transaction is limited. It is expected that the market consolidation of hydrogenated benzene is the main.
| PVA 1788 (PVA BP17) |