since August, the global market trend is not consistent with benzene.
Since October, the global trend of differences, Asia and the United States there are differences, while the domestic market performance differentiation. News of the whole uncertainty aggravated market sentiment. Although Sinopec Guapaijie have remained stable for nearly two months, but the short-term Sinopec still lack the price adjustment window, price stability probability.
The trend of Asian American lack of coordination

this week listing price stable domestic phenol factory, traders down slightly, the weekend domestic factory price of 7155.56 yuan / ton, down 1.23% this week, compared to the same period last year rose 28.54%.

Analysis and review

Products: domestic market of phenol industry market weakness, lack of confidence in the market outlook this week, Mitsui and Yangzhou Shiyou continues to decline, other manufacturers remained stable. At present, the East China market price in 7000 yuan / ton 7000-7150 yuan / ton, North China, Southern China market price in 7150 yuan / ton.

The industrial chain: benzene market prices continue to rise, the overall bullish sentiment occupy the main, but no price adjustment plan of sinopec. The phenol downstream demand, purchasing enthusiasm is not high, the downstream domestic bisphenol A device started 72%; other downstream demand to the procurement of coking phenol.

Upstream market: as the dollar and oil drilling continued to increase, the crude oil market bearish heavy, however, the pipeline or the supply interruption phenomenon, slightly more crude oil prices, international oil prices in recent 50 mark saw. Ethylene monomer, good and bad news of the game, the price is stable. Upstream market to bring to market guide co..

Petrochemical: after the petrochemical stocks continued low, manufacturers support the current high pricing, plus play in the tight supply situation, very price intention does not change or will form a strong support on the spot.

Maintenance: Yanshan Petrochemical old pressure line 3 due to lack of raw materials began in October 9th to be expected to stop, driving time to be determined; Lanzhou petrochemical HDPE plant planned August 11th to October 8 day old parking maintenance, parking maintenance has full density device in May 18, 2013; Daqing petrochemical HDPE device C line; Jilin Petrochemical HDPE plant in October 18th began to overhaul maintenance for 7-8 days.

Japan takada balloon aftermath, Japan is the world’s largest tire manufacturer Bridgestone (Bridgestone) in the Chinese market also began to focus on the outbreak of tire quality complaints.

Nearly half of the time, Bridgestone faced complaints surge situation in the domestic market, and mainly gathered in the aspect of tire cracking.

According to the “Chinese business”, the current Bridgestone tire crack problems involving multiple brands, cracking occurred in one to two years, some owners reflect with Bridgestone tire cracking phenomenon occurred in the run in period.

In addition, Goldman days also said that if OPEC production agreement can not be implemented, or oil prices fell to 40 U.S. dollars / barrel, Goldman also believes that if OPEC cannot reach an agreement, the fundamentals of the oil market will become weak, prices are expected to fall to $40 / barrel.

Crude oil data, the U.S. Energy Information Administration (EIA) released data show that as of October 21st week, the U.S. crude oil inventories fell 553 thousand barrels, fell for two consecutive weeks, to 468 million 160 thousand barrels, the market forecast to increase by 1 million 699 thousand barrels. At the same time, the refined oil inventories fell 3 million 354 thousand barrels, fell for five consecutive weeks, the market was estimated by 1 million 413 thousand barrels.

The Reuters survey, October OPEC crude oil production in September increased 130 thousand barrels per day to 33 million 820 thousand barrels a day, a record high, is mainly driven by Nigeria, Libya and Iraq yield. While Saudi Arabia October production from 10 million 550 thousand barrels a day fell slightly to 10 million 530 thousand barrels / day.

Since OPEC’s first production agreement in 8 years at the end of September, the international oil price has rebounded by about 15% in early October, Brent crude hit a year high, the U.S. WTI crude oil also had hit 15 month highs. But in the past two weeks, as more and more members of the OPEC statement unwilling to cooperate with production, the investors in the November 30th OPEC meeting in Vienna have a pessimistic attitude.

DavidThompson Powerhouse, executive vice president, said: “although the oil price always overnight rebound, but the rebound since the end of September rose was gradually eroded. Now, take a cut unless Saudi responsibility, otherwise the fear of further dropping low prices.”

OPEC officials said Monday, members have reached a long-term strategic agreement that exports between member countries are trying to resolve disputes, increase to reach agreement to limit production. The framework agreement OPCE countries in September 28th reached unexpected output limit, in the next 9 days, Brent crude oil futures prices surged more than $8 / day. The agreement to hold a large number of short positions of hedge funds and other asset managers in the market to be caught off guard, a wave of sustained high fill.

in October 26th, Shandong Huaxing refinery propylene equipment normal operation, the annual production capacity of 350 thousand tons, prices rose 10, the implementation of 6850 yuan / ton, the normal inventory.

in East China in October 26th 32% caustic alkali mainstream price 800-880 yuan / ton, rose 40 yuan / ton, 99% caustic soda mainstream price 3750-3900 yuan / ton, the recent price follow the market, the downstream demand procurement, the main market is expected to post finishing.

in northern China in October 26th the market price of acetic anhydride concussion, discuss the mainstream venue for 4900-5000 yuan / ton, the cash supply is normal, the recent price shocks on acetic anhydride.

Finance recently, G20 ended, factory operating rate of recovery, acid manufacturers equipment normal operation, the supply of formic acid is acceptable, the dealer inventory is acceptable, the expected short-term market or stable operation of weak acid.

In September 12th, the domestic parts of formic acid market price dynamics:

Jinzhou City gold HTC Chemical Co. Ltd. 85% formic acid water from the price of 1950 yuan / ton, temporary price stability, normal sales.