Price trend: As of August 10, the average domestic ex-factory price of naphtha in China is 6,957.50 yuan / ton, up 2.95% from 6408.33 yuan / ton at the beginning of the week, and the actual transaction price of ground naphtha is 6900-7200 yuan / Ton.

Industry chain: According to business monitoring, the US WTI crude oil was US$68.96/barrel at the beginning of the week, US$66.81/barrel at the weekend, and the weekly increase was -3.12%. Brent crude oil was US$73.45/barrel at the beginning of the week. At $72.07/barrel, the weekly gains and losses were -1.88%.

Macro: In July 2018, the Business Social Enterprise’s Commodity Supply and Demand Index (BCI) was 0.12, with an increase of 0.59%, reflecting that the manufacturing economy was expanding in the month and the economy was running smoothly.

According to the price monitoring of the business community, in the 32nd week of 2018 (8.6-8.10), there were 13 kinds of commodities in the energy sector that rose in the energy sector. Among them, one of the products with a price increase of more than 5%, accounting for the monitored products in the sector. 6.3% of the number; the top 3 commodities were dimethyl ether (5.23%), methanol (4.67%) and coke (3.98%). There were 3 kinds of commodities with a decrease in the chain, and 1 product with a drop of more than 5%, accounting for 6.3% of the monitored products in the sector; the top 3 products were LNG (-5.80%) and WTI crude oil (-3.12). %), Brent crude oil (-1.88%). This week’s average price increase was 1.78%.

Market outlook: Business community energy analysts believe that the international crude oil shocks down, the downstream wait-and-see mood deepens, but the recent repairs in the refining, low naphtha stocks, stable refinery demand, coupled with the rise in the price of naphtha, on the stone brain The oil market has a certain supporting role. It is expected that the recent price of naphtha will rise slightly in the near future, and the average price range may be 6500-6800 yuan/ton.