Price trends
This week, pure benzene continued its decline last week, falling from 5300-5750 yuan per ton on Friday to 5000-5600 yuan per ton on Friday, down 3.06 %.
Analysis and comments
1, products: this week pure benzene market bearish atmosphere is strong, coking industry breaks through new low continuously, add part of East China, North China downstream overhaul, demand greatly reduced, pure benzene market continued to fall.
2, crude oil: This week, the overall international oil prices rose and then fell, volatility is greater. Oil prices soared last week after the Iranian tanker attack. In the later period, the International Monetary Fund lowered its economic growth forecast and the increase in US oil product inventories increased market concern and oil prices plummeted. WTI fell 0.35 % from Friday(Oct. 11) and Brent gained 0.54 %.
3, related industries: This week downstream styrene continued to fall, the weekly drop of 5.86 %, the impact of interest is relatively large, pure benzene market is difficult to warm up; This week, aniline has slightly increased due to the preparation of shipments, which has a small impact on pure benzene.
4, outside: this week's foreign pure benzene prices continued to fall, a small recovery on Friday, Lee Kong pure benzene market.
III. Post-market projections
Crude oil: next week, oil prices will continue to be low consolidation, the market is more bearish atmosphere.
2, the domestic market: At present, the North China market overhaul more, the demand is weak; Some downstream equipment overhaul, weak market support; The lower reaches of styrene drop is larger, the market mentality is empty. However, for two consecutive weeks, pure benzene fell sharply, and the market did not dare to blindly chase short.
Taken together, pure benzene is expected to continue its weak trend next week, or continue to decline but not much.
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