1、 Price trend
| Potassium monopersulfate |
Data show that this week, pure benzene in Shandong fell in a weak position. On August 23, the listed price of pure benzene was 3000-3450 yuan / ton (average price was 3390 yuan / ton); this Sunday (August 30), the listed price of pure benzene was 3020-3450 yuan / ton (average price was 3390 yuan / ton), the average price was flat compared with last week.
2、 Analysis and comment
This week, pure benzene trading light, slightly lower than last week’s price. In the first half of the week, the spot price of pure benzene rose slightly due to the rise of styrene, but in the second half of the week, the price dropped due to the impact of low prices such as hydrogenated benzene. This week, pure benzene port inventory decreased slightly, but the inventory remained high.
On the external side, Asian pure benzene fell in a weak position this week. On Friday (August 28), South Korea imported 427.33 US dollars / ton of pure benzene, down 14.34 US dollars / ton, or 3.25% compared with August 21; and pure benzene imported from East China was 437.5 US dollars / ton, down 7 US dollars / ton, or 1.57% compared with August 21.
In terms of crude oil, affected by the storm this week, the oil and gas production in the Gulf region of the United States was affected, and the oil price rose. In the second half of the week, relevant people expected that the impact of the storm would weaken, production would resume soon, and oil prices would fall back. Compared with August 21, Brent was up $1.305 per barrel, or 3%, and WTI was up $0.95 per barrel, or 2.24%. Compared with December 31, 2019, Brent decreased by 32.79%, and WTI decreased by 28.76%.
On the downstream side, the styrene market maintained a high-frequency oscillation pattern, and the cost support and de inventory operation continued to confront. On August 28, the price of styrene in Shandong was 5300 yuan / ton, up 166.67 yuan / ton or 3.25% over last week.
This week aniline Market stable price consolidation. On the 28th, the price of aniline in Shandong was 4250-4430 yuan / ton, and that in Nanjing was 4400-4500 yuan / ton.
| Melamine |
3、 Future forecast
In terms of crude oil, the impact of the Gulf of Mexico storm subsided, and the crude oil market may rise before retrenchment. Public health events continue to affect the economy and energy market.
In the later stage, some downstream units will restart, which will support the demand for pure benzene. But the port inventory is still high, crude oil, external disk support is weak. It is expected that the short-term pure benzene price will not have a big breakthrough and the price will fluctuate in a narrow range.
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