Price Trend

The domestic ethanol market rose and fell unevenly this week. According to the monitoring data of business associations, the price of domestic ethanol market at the beginning of the week was 5380 yuan/ton, rising by 0.19% annually, and falling by 3.64% compared with the same period last year.

II. Market Analysis

Products: This week, the alcohol market rose and fell differently among regions: Heilongjiang showed a weak and integrated performance, Henan region went up, and some areas did not go up. The inventory of small factories in Heilongjiang area of Northeast China is high, the mentality of shipment is positive, the overhaul of large factories is continuing, and the equipment of overhaul enterprises in Jilin area is open, and the inventory of enterprises is not high at present; the equipment of enterprises in Henan area is continuously affected by environmental protection, and the start-up load is not high. Houyuan feeds materials this week, Xinheyang device stops, Huaxing one-line production is supplied. Supported by favorable conditions, the market price goes up; Changxing plant production in eastern China reduces the water-free load of flower hall and increases the price; Runtai plant in Leizhou, Zhanjiang, Guangdong Province, starts up in South China, and Guangxi is in a situation of weak supply and demand. The supply of goods is not high, the downstream demand basically maintains a small amount of just-in-demand procurement, and the supply of goods from other places is low. The situation is that the sales of corn alcohol in Northeast China are stable, and there is no water in other places.

Industry chain: In the upstream, the average weekly price of Maize in Jilin region of Northeast China closed at 1740 yuan/ton, which was stable compared with last week’s price. The price of dried cassava chips in upstream Thailand remained stable, mainly due to the current season of fresh cassava production. Cassava entered the starch market more and dried chips exported less. Up to now, FOB 235-240 US dollars/ton, theoretical port price of East China 1900-1920 yuan/ton, and domestic East China purchased goods from Northeast China and sold them. Enterprises produce in multiple inventories, and the exchange rate of RMB breaks 7 short of domestic imports. Downstream, East China Ethyl Acetate was 5,600 yuan/ton on Thursday, up 3.7% from last week’s price.

3. Future Market Forecast

Short-term ethanol market focus is still on supply and demand. First of all, from the perspective of supply, the Fukang plant in Meihekou will start on the 10th, and a cassava alcohol factory in East China will also arrange maintenance plans. Houyuan hears that there is still a short-term shutdown plan in the near future. In summary, the supply side will remain tight. Looking at the terminal market, although it is in the off-season demand, it still has a short-term shutdown plan. Just need consumption still exists, Jiangmen Qianxin Ethyl Ester equipment coal to gas temporary shutdown, but more consumption of pre-purchase inventory, has little impact on the market in the short term. In summary, business ethanol analysts predict that in the short term, supply will still become the point to support the market, but demand is weak and difficult to offset, the market may have a rising trend. But the range is not large, maintaining 20-50 yuan/ton floating.

Price Trend

According to the data from the business associations’list, the price of domestic dry-process aluminium fluoride market rose this week. At the beginning of the week, the average market price was 10333 yuan/ton, and at the end of the week, it was 10333 yuan/ton. The price was 0.0% higher than last week.

II. Market Analysis

The price of aluminium fluoride has been stable this week: at present, the price of aluminium fluoride in Henan is between 9800 and 10500 yuan/ton, while that in Shandong is between 9800 and 10500 yuan/ton. Zhengzhou Tianrui Grain Technology Co., Ltd. quoted 11,000 yuan per ton of aluminium fluoride, Shandong Luzeng Chemical Aluminum Fluoride to 10,800 yuan per ton, Zhengzhou Zerun Energy Chemical Aluminum Fluoride to 10,500 yuan per ton.

Industry Chain: Hydrofluoric acid prices continued to decline this week, the recent market situation of manufacturers has not improved significantly, the downstream refrigerant industry is still operating at a low level, the domestic market demand for hydrofluoric acid is limited, coupled with the domestic hydrofluoric acid plant to maintain a high start-up rate, domestic spot supply is sufficient, under some manufacturers. By the end of the weekend, the mainstream of hydrofluoric acid negotiations in the southern region was 10500-11500 yuan/ton, while the price of hydrofluoric acid in the northern market was 11000-11500 yuan/ton. Recently, the domestic market price of hydrofluoric acid has been slightly lower, the demand of refrigerant industry downstream is poor, the supply of hydrofluoric acid manufacturers is not good, and the market price trend is declining. The price of aluminium fluoride products did not follow the price of hydrofluoric acid downstream this week. At present, the price of aluminium fluoride is at a low level in the year, and it is 22.7% lower than the price of 13300 yuan/ton at the beginning of the year. Some aluminium fluoride factories have reduced or stopped production. As of July, the total output of aluminium fluoride in China from January to July 2019 is about 310,000 tons, which is about 9.5% lower than that of the same period last year. Aluminum fluoride manufacturers are currently mainly at competitive prices.

3. Future Market Forecast

Analysts of Aluminum Fluoride Industry of Business Society Chemical Branch believe that the price of upstream raw material hydrofluoric acid continues to retreat, but the intent of Aluminum Fluoride manufacturers is obvious, and the price of Aluminum Fluoride is expected to run steadily next week.

I. Trend analysis

According to the monitoring data of business associations, cobalt price surged in mid-July. On August 7, the cobalt market was completely detonated and the price of cobalt soared. On August 7, the price of cobalt rose by 10,000 yuan/ton per day, 4.17% per day, and on August 7, the price of cobalt rose by 245,666.67 yuan/ton. The price of cobalt rose sharply, mainly because of the announcement of the closure of Mutanda Copper and Cobalt Mine by Glencore, which caused panic about the shortage of cobalt ore supply in the market, and the cobalt market rose sharply.

II. Market Analysis

Cause analysis of closure of cobalt ore by Jianengke

Mutanda is a large copper and cobalt mine in Congo. In 2018, Mutanda produced 190,000 tons of copper and 27,300 tons of cobalt, which accounted for 0.9% and 20.8% of the world’s supply, respectively. Mutanda’s cobalt output reached 134,000 tons in the first half of 2019, which was 13.6% year-on-year. What are the reasons for the closure of the cobalt mine by the end of 2019? What impact will it have on the cobalt market?

1. Mutanda oxidized ore is facing depletion. Since 2019, the proportion of sulphide ore supply in the company has gradually increased, and the ore grade has been lowered. The process change will bring new capital expenditure and cost to Canon. Low cobalt prices are not enough to support this cost. In the future, the pressure of cobalt price increases.

2. The tax rate was raised. In June 2018, the new mining law of Congo was implemented, and the cobalt resource tax increased from 2% to 10%. Increased tax rate, disguised increase in the cost of enterprises, cobalt mining enterprises to increase the break-even point, after the market cobalt price low range.

3. Previously, it was predicted that the global cobalt surplus will be about 355,000 tons in 2020, and the cobalt ore supply will be excessive, which will lead to a sharp drop in cobalt prices. The MB cobalt price will fall from the position of the highest 40+US dollars/pound to 12 US dollars/pound, a drop of more than 70%. The cobalt industry will face the problem of over supply in the next 2-3 years if new supply is released on schedule due to the surge in cobalt prices and the surge in global supply. The Mutanda shutdown will reduce the supply by about 28,000 tons. It is estimated that the global surplus will be only about 0.75 million tons by 2020, and the surplus has been greatly reduced. At the same time, taking into account that the reduction in the supply of civilian mining in the Democratic Republic of Congo has exceeded 50%, the risk of cobalt being in short supply or demand will increase significantly in 2020.

In summary, we can find that the main reason for Jianeng Co’s suspension of cobalt mining is the rising cost, but the cobalt price keeps falling, and the cobalt price is far below the break-even point. Glencore shuts down cobalt ore to reduce losses, while reducing global cobalt supply, stimulating cobalt prices. At the same time, we also found that Jianengke has the ability to increase cobalt production at any time, and the KCC project can increase production capacity at any time. With the rise of cobalt price, Jianengke can restart Mutanda Copper-Cobalt Mine at any time, exceeding the break-even point of cobalt ore. After the cobalt price, the market has sufficient momentum to rise, but the risk of catching up is high.

Demand analysis

1. Subsidies have declined and sales of new energy vehicles have declined.

On August 7, BYD released its July sales bulletin for new energy vehicles. Data show that sales of BYD’s new energy vehicles in July 2019 were 16,567, down 11.8% from the same period last year; sales of BYD’s new energy vehicles in July were significantly lower than those in June, 26,571, a sharp drop of 37.7%, a drop of nearly 10,000 vehicles, mainly due to the impact of the expiration of the transitional subsidy policy on June 25, resulting in a sharp decline in sales in July. The impact of the decline in sales of new energy vehicles in July is expected to improve in September. Sales of new energy vehicles are lower than expected, and demand in the cobalt market is lower than expected, which brings risks to the rise of cobalt prices.

2, 5G mobile phones bring growth?

According to the Chinese Quality Certification Center, eight 5G mobile phones have been certified by the 3C China Quality Certification Center. Major manufacturers have also released their own 5G mobile phones. The market is generally bullish on 5G products. Sales are expected to surge and demand for cobalt is expected to surge in the future. But we should also note that Gartner expects global smartphone sales to fall by 2.5% in 2019, the biggest decline so far. By 2020, 5G mobile phones will account for 6% of total mobile phone sales. It is very difficult for 5G products to break out in the short term, and there are still uncertainties about when they will break out and whether sales will meet expectations.

Generally speaking, future demand is generally bullish. It is difficult to determine when and how much it will rise. Future demand in cobalt market is full of uncertainty.

Future prospects:

Bai Jiaxin, a data analyst with business associations, believes that the news of Jianeng Cobalt Mine’s shutdown will inevitably lead to a rise in cobalt prices, and cobalt prices will still rise in the future. However, several risks should be noted: first, whether Jianeng can implement the shutdown as scheduled, and whether other cobalt miners will increase production to make up for the shortage after the shutdown; second, the sale of new energy vehicles; The volume of new energy automobiles in the future declines, and the sales of new energy automobiles in the future are not as good as expected. With the acceleration of cobalt removal from batteries, the demand for new energy automobiles in the future can meet the expectations. When the third and fifth G products will erupt is uncertain and full of uncertainties, we can not expect too high.

Taking into account the risks, we can also see that the main reason for the discontinuation of Jianeng cobalt production is that the cobalt price is lower than the mining cost, the cobalt price is below the break-even point, and the future cobalt price may be maintained at a higher price to ensure the normal production of cobalt ore. The future cobalt price of 200,000 yuan/ton may become history, and the market cobalt price is expected to remain around 300,000 yuan/ton.

Price Trend

According to a large number of data monitored by business associations, domestic R 134a factory price slightly declined this week, with the price at the end of the week (8.02) at 28166.67 yuan/ton, down 0.59% from the price at the beginning of the week (7.29) at 28333.33 yuan/ton, and down 3.98% compared with the same period last year.

II. Market Analysis

Products: At present, domestic refrigerant R134a downstream demand is weak, the market is weak and stable. The refrigerant market has been slightly depressed this year, with a low price stalemate and a low peak season. The anhydrous hydrofluoric acid market of raw materials is weak, and the on-site transaction is light, which weakens the cost support of refrigerant R134a. Refrigerant R134a downstream manufacturers production has declined, the demand for refrigerant R134a has decreased or not increased. At present, refrigerant R134a is mainly for after-sales market. Refrigerant R134a manufacturers start low, and inventory is low. The peak season for refrigerants has passed, and demand has declined even more. The price of basic raw materials for fluorine chemical industry has fallen, and the cost is difficult to support. The cost side of refrigerant is insufficient to support, which makes it unfavorable. According to data monitoring from business associations, as of August 02, the price of Zhejiang Juhua Co., Ltd. was 27500 yuan/ton, Quzhou Jiuzhou Chemical Co., Ltd. was 27 000 yuan/ton, Shandong Yue’an New Materials Co., Ltd. was 30 000 yuan/ton, Zhejiang Lengwang Technology Co., Ltd. was 27 000 yuan/ton, and Jiangsu Blue Planet Environmental Protection Technology Co., Ltd was 27 000 yuan/ton. The price of Limited Company is 30,000 yuan/ton. Hunan Longxun Trading Co., Ltd. is priced at 25500 yuan per ton.

Industry chain: The upstream product anhydrous hydrofluoric acid market declined slightly, with the price of 11 610 yuan/ton at the end of the week (8.05), down 3.25% from 12 000 yuan/ton at the beginning of the week (7.29), and up 5.23% from the same period last year. Enterprises reflect that the current on-site hydrofluoric acid spot supply is sufficient, the recent on-site shopping situation is general, the price has declined, and the support for refrigerant R134 is weak.

Demand for refrigerants downstream is weak, the peak season is weak, production of air conditioners, automobiles and refrigerators is declining, refrigerants just need to shrink, and after-sales is not improving. Refrigerant R134a is in a difficult situation, and the phenomenon of Profit-giving of enterprises is obvious.

3. Future Market Forecast

Business Cooperative Refrigerant Analysts believe that the current peak season of refrigerant R134a has passed, demand continues to decline, and R134a operates at a low level. However, due to the falling cost of raw materials hydrofluoric acid, the cost of refrigerants is insufficient to support, and the market situation of oversupply is difficult to change. Generally speaking, the aftermarket refrigeration R134a is mainly low shock.

Price Trend

In July 2019, the domestic methanol market declined broadly. According to the price monitoring of business associations, the average domestic methanol price was 2178 yuan/ton at the beginning of the month, and 1970 yuan/ton at the end of the month. The average domestic methanol price dropped by 9.55% in the month, and the price fell by 29.49% compared with the same period last year.

II. Market Analysis

Products: The domestic methanol market continued to decline in July, with some markets touching the low point from the beginning of 2016 to the present, and most of the mainland markets fell below 2000 yuan/ton. The industry is pessimistic because of the concentrated release of bad news such as increased import arrivals and weak downstream demand. Towards the end of the month, local markets stopped falling and rebounded. In terms of new domestic methanol to olefins, the 600,000 tons/year MTO plant in Jiutai, Inner Mongolia, was temporarily shut down for 3-5 days on the 21st day; the 600,000 tons/year MTO plant in Chengzhi Phase II, Nanjing, was commissioned at the end of June; and the 1.8 million tons/year MTO plant in Zhongan Union produced MTO-grade methanol on July 11, and MTO plant was subsequently put into operation.

Industry chain: formaldehyde: This month, the formaldehyde Market as a whole is running lower. The upstream methanol market continued to decline this month, many markets have fallen to new historical lows, the cost is difficult to support the formaldehyde market, coupled with environmental impact, the formaldehyde market started unstable, the overall start-up reduced, the downstream market in the later part of this month is a large-scale shutdown, the overall turnover is light, formaldehyde enterprises inventory pressure increased, big. Some enterprises offer downward. Dimethyl ether: In July, the market price of dimethyl ether fluctuated and changed obviously. In the first ten days, the price trend is regionalized, but in general, most of the terminal demand remains sluggish under the influence of the traditional “off-season”. Henan Yima, Xinlianxin and other leading enterprises maintain high-load production, the northern market supply is saturated, downstream and traders have a strong wait-and-see mentality. After the “Yima Gasification Plant” incident in mid-July, all four enterprises under the Coal Chemical Company stopped, and the starting rate of domestic dimethyl ether enterprises dropped to 17.66%, which was 3.84% lower than that at the beginning of the month. This led to a sharp rise in prices and a continuous rise in prices. Acetic acid: This month, the domestic acetic acid market ushered in a turning point. As the current market is in the traditional off-season, leading to the beginning of the month, all parties in the market for acetic acid fell significantly, a large number of signatures belong to the empty list state, and the overall start-up of domestic acetic acid plant high, the market supply continues to increase, aggravating the industry’s bullish attitude, acetic acid Market Trading slowly in the stable weak market.

Industry: According to the price monitoring of business associations, in July 2019, there were 7 kinds of commodities rising annually in the energy sector, including 4 kinds of commodities with an increase of more than 5%, accounting for 25% of the monitored commodities in the sector; the top three commodities were MTBE (12.29%), diesel (8.34%) and gasoline (8.07%). There are 9 kinds of commodities falling annually, and 2 kinds of commodities falling by more than 5% accounted for 12.5% of the monitored commodities in the plate. The products of the first three declines were methanol (-9.55%), petroleum coke (-6.15%) and Brent crude oil (-2.75%). This month’s average rise and fall was 0.98%.

3. Future Market Forecast

Business Cooperative Viewpoint: On the positive side, the installations overhauled in August include Xianyang Chemistry, Guotai Ordos, Baogang Inner Mongolia and Shenhua Ning Coal Phase II projects; the demand for methanol is expected to increase in August during the orderly construction of new MTO installations; the profit of products such as formaldehyde, dimethyl ether and MTO will be affected by the continued low price of methanol. It’s obviously getting better. On the negative side, the domestic methanol industry started to maintain a high level as a whole. In August, imports were estimated to be around 850,000 tons, and the market supply was abundant. Safety and environmental protection inspections continued to be rigorous, and local market terminal enterprises were affected by production reduction or parking, which was not conducive to methanol consumption. Some domestic MTO enterprises requiring external purchases of methanol had maintenance plans, such as Shenghong, Jiangsu Province. Shenhua Yulin and other enterprises. The current situation of excessive supply and demand of methanol is the main reason that leads to the continuous decline of the market and approaching the methanol production line. The continuous stringent national environmental protection and safety supervision is the main logic leading to the reduction of traditional downstream demand. With the approaching of the 70th anniversary of National Day, environmental protection and safety supervision is not likely to relax. Analysts suggest that focusing on whether there is a reduction in supply and changes in trade sentiment are factors that have reversed the situation, focusing on the start-up of natural gas-to-methanol and coal-to-methanol plants.

Price Trend

On July 31, the TDI commodity index was 74.96, up 0.53 points from yesterday, down 69.78% from 248.02 points in the cycle (2016-10-19) and 24.58% from 60.17 points on February 22, 2016. (Note: Period refers to 2011-09-01 to date)

II. Market Analysis

Products: According to statistics, the price trend of TDI in East China market has increased. The price of TDI in East China market increased by 0.71% on 31st to 14166.67 yuan/ton. The overall atmosphere of TDI market in East China has remained depressed, the volume of real transactions has been depressed, the mindset of traders is different, and the price of high and low prices coexist. Domestic goods with tickets out of the warehouse offer reference 13500-13700 yuan/ton, Shanghai goods with tickets out of the warehouse offer reference 13700-13900 yuan/ton, a single talk, mainly practical negotiations.

Industry chain: Compared with the previous trading day, the listed price of toluene of Sinopec’s enterprises today remains unchanged. Shandong Geotechnical Refining Company’s listing price was raised by about 50 yuan/ton today. Traders’quotations fluctuated slightly today. The quotations in East China ranged from 5,480 to 5,500 yuan per ton. As for nitric acid, the market demand is still acceptable and the market is stable for the time being.

Industry: According to market information, Gansu Yinguang two sets of TDI devices totaling 100,000 tons stopped for maintenance on August 5 for a month. Last week, the domestic TDI market fell first and then rose. The factories were flat and stable. The pressure of the traders was low. With the instability of Wanhua plant and the announcement of Yinguang maintenance plan, the TRADERS’mentality boosted the offer. Basf and Wanhua announced the closing price one after another. The traders watched cautiously.

III. Price Forecast

TDI business analysts believe that short-term domestic TDI market range consolidation, focus on factory information surface guidance.

Price Trend

According to the data of the business associations’big list, the increase of pure benzene is larger this month. It rose strongly in the first half of July and began to decline in the second half of July. At the beginning of this month, the price of pure benzene was around 4750-4850 yuan/ton, and at the end of this month, the price of pure benzene was between 5000-5350 yuan/ton, an increase of 8.1% per month. The highest price of this month appeared on July 22. The price ranged from 5250 to 5350 yuan/ton, with a maximum increase of 9.13%.

II. Analytical Review

1. Crude oil: In July, European and American crude oil prices rose first and then fell. Oil distribution fell by 4.27% compared with the end of last month, while U.S. crude oil fell by 2.74% compared with the end of last month. At the beginning of this month, oil prices rose to their highest level on July 10 due to the extension of OPEC production reduction agreement, the continuous decline of U.S. crude oil stocks and the reduction of nearly one third of U.S. offshore crude oil production by the Gulf of Mexico storm. Oil and gas production resumed after the Gulf of Mexico storm. EIA data show that the increase in U.S. refined oil inventories has deepened market concerns about economic slowdown and oil prices have fallen sharply. At the end of the month, the Fed’s desire to cut interest rates increased and crude oil prices in Europe and the United States rebounded slightly.

2. Products: At the beginning of this month, the domestic price of pure benzene began to rise because of the sharp decline in the stock of pure benzene ports and the sharp decrease in imports. In addition to the shortage of pure benzene supply in the United States, the price of pure benzene in the U.S. dollar disk has been rising, stimulating the domestic market, pure benzene all the way up to the highest price on the 22nd. Later downstream of high-price pure benzene resistance is strong, the demand support is insufficient, the external market continued to weaken, leading to a rapid decline in domestic pure benzene Market prices.

3. Downstream: Affected by cost pressures, the price of aniline in the lower reaches its highest value on July 22, up 6%. In the latter half of this month, the price of pure benzene declined, and aniline followed the decline. The price of downstream styrene began to rise in mid-term due to the reduction of inventory, which was affected by the cost and terminal sales pressure. Businessmen were in an empty mood, yielding profits and delivering styrene. The price of olefin has fallen sharply. This month, downstream enterprises have greater resistance to the high price of pure benzene, and the demand follow-up is insufficient.

III. Future Market Forecast

1. Crude oil: Influenced by the Fed’s desire to cut interest rates, the success of Sino-US trade negotiations and the persistence of supply risks in the Persian Gulf, international oil prices may continue to rise in the near future, but the increase is still limited.

2. Domestic market: Many provinces have issued notifications of stoppage, production restriction and transportation restriction of chemical enterprises. The downstream start-up rate will be reduced and the pure benzene market will be affected.

Considering comprehensively, it is expected that the price of pure benzene will be lowered in the near future, paying particular attention to the market of industrial chain.

Price Trend

According to the data of business associations, the price trend of cryolite market was stable this week, and the average price of cryolite market was stable at about 6333.33 yuan/ton in the week, down 4.45% from the same period last year.

II. Market Analysis

Product: Cryolite prices are running smoothly this week, and there is no price adjustment for manufacturers. Up to the 26th, Zibo Kunyu Industry and Trade Cryolite quoted 6500 yuan/ton; Changshu Hongjiafu Co., Ltd. Cryolite quoted 7300 yuan/ton; Jiaozuo Minli Industrial Cryolite quoted 7000 yuan/ton; Zhengzhou Tianrui Cryolite quoted 6500 yuan/ton; Shandong Botao Group Co., Ltd. Cryolite quoted 7000 yuan/ton.

Industry chain: The domestic fluorite market price trend is stable this week. The average domestic market price is about 3150 yuan/ton, up 17.10% year-on-year. This week, domestic fluorite price trend is temporarily stable, the start-up rate of fluorite plant has not changed much, but the downstream demand situation is general, the spot supply of fluorite is normal, affected by many factors, fluorite price trend is stable. Downstream electrolytic aluminium: This week, the price of aluminium has been on the upstream trend. At the beginning of the week, the price remained around 13866.67 yuan/ton, and at the end of the week, it was about 13930.00 yuan/ton. The price increased by 0.0.46% in the week.

3. Future Market Forecast

Analysts of cryolite products of business associations believe that: at present, the device is running normally, the manufacturers have sufficient inventory and no pressure, the ex-factory quotation is temporarily stable, and the market of cryolite is expected to operate steadily in the later period.

Price Trend

Business associations: MTBE market prices rose this week (July 21-July 27)

According to data from business associations, MTBE’s price this weekend was 531 yuan/ton, up 2.57% from the previous week’s price.

II. Market Analysis

Products: Gasoline market prices have risen by 2.58%. Domestic MTBE market is rising this week.

Industry chain: In Shandong, oil companies in Zibo region fermented the news of staggered peak and limited production from August to September of the week. The oil market was buoyant, MTBE manufacturers shipped smoothly and MTBE market rose as a whole. However, with the MTBE price rising to a high level, downstream purchasing intention tended to be cautious, and there was a slight pullback later this week in South China. MTBE manufacturers in the region are still mainly supply-oriented, the market spot is very tight, manufacturers shipment is not under pressure, there is still a sustained upward movement.

3. Future Market Forecast

MTBE product analysts from the Energy Branch of Business Cooperatives believe that the downstream purchasing intention of MTBE has weakened significantly after the price hike, and the domestic MTBE market price is expected to fall first and then rise next week.

Price Trend

According to the data from the business associations’list, the domestic pure benzene’s growth slowed down this week, rising by about 100 yuan/ton from last week. This week, the highest price of pure benzene appeared on Friday, with the price between 5250 and 5350 yuan/ton, an increase of 0.48% compared with last week.

II. Analytical Review

1. Products: This week’s rise in pure benzene slowed down. At the beginning of the week, the situation continued last week, and the domestic pure benzene market was boosted by the favorable factors of the continuous decline of port stocks and the continued rise of pure benzol US dollar plate. On Tuesday, the close of the benzo dollar market plunged and continued to fall, damaging the bullish mood of market participants. Due to the lower external market, the domestic market lacks the driving force for speculation.

2. Crude oil: Oil and gas production began to recover this week after the Gulf of Mexico storm, and oil prices began to retreat from last week’s rise. In addition, data released by EIA on Wednesday showed that although U.S. crude oil inventories declined for five consecutive weeks, the significant increase in refined oil inventories meant that demand slowed down and oil prices in Europe and the United States began to plunge. Brent oil prices fell nearly 9% compared with last week, and WTI oil prices fell about 8%.

3. Downstream: The price of styrene in the downstream of this week dropped by 3.35% compared with last week, which has little effect on the price of pure benzene. Downstream aniline rose by 3.01% from last week.

4. Outside: This week, the price of pure benzene in the United States dropped sharply, hitting the bullish mood of the market.

3. Future Market Forecast

1. Crude Oil: Next week, EIA lowered global crude oil demand expectations, market concerns about trade risks remain, coupled with poor performance of U.S. stocks, European and American crude oil may continue to decline.

2. Domestic market: Due to the continuous decline of the external market and the narrowing of the price gap between the internal and external markets, the domestic pure benzene market lacks the incentive to continue to speculate.

Considering comprehensively, the pure benzene market will run steadily next week.