The price of pure benzene in Shandong province rises continuously this week (August 31 – September 6, 2020)

1、 Price trend


sulphamic acid

According to the business club’s big list data, the price of pure benzene in Shandong continued to rise this week. On August 30, the listed price of pure benzene was 3020-3450 yuan / ton (the average price was 3390 yuan / ton); this Sunday (September 6), the listed price of pure benzene was 3170-3450 yuan / ton (average price was 3410 yuan / ton), the average price was 0.59% higher than last week.


2、 Analysis and comment


This week, due to the completion of maintenance of some downstream units in Shandong Province, the purchase enthusiasm for pure benzene increased, and the price of styrene rose, which led to the continuous pursuit of pure benzene. This week, pure benzene port inventory increased slightly, inventory pressure restricts the price rise.


On the external side, the external market rose slightly this week. On Friday (August 4), South Korea imported 435 US dollars / ton of pure benzene, an increase of 7.67 US dollars / ton, or 1.79% compared with August 28; and that of East China was 444 US dollars / ton, an increase of 6.5 US dollars / ton, or 1.49% compared with August 28.


Sulfamic acid 

In terms of crude oil, this week’s news of crude oil was negative, oil and gas production in the Gulf of Mexico recovered, and prices fell rapidly. Compared with August 28, Brent fell $3.665 per barrel, or 8.17%, while WTI fell $3.14 per barrel, or 7.25%. Compared with December 31, 2019, Brent decreased by 38.28%, and WTI decreased by 33.93%.


Downstream: on September 4, the price of styrene in Shandong was 5366.67 yuan / ton, up 66.67 yuan / ton or 1.26% over last week.


Aniline increased by the cost side, and enterprise inventory is not high. On September 4, the price of aniline in Shandong was 4350-4480 yuan / ton, and that in Nanjing was 4500-4700 yuan / ton.


3、 Future forecast


In terms of crude oil, the oil price fell back to the level before the hurricane, and there was little room for further downward movement, with the main range fluctuation expected.

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