1、 Price trend
According to the Commodity Market Analysis System of the Business Society, the price of pure benzene has slightly increased this month, with prices gradually increasing. On July 1st, the price was 6183 yuan/ton; On July 31st, the price was at 7265 yuan/ton, an increase of 17.49% compared to the beginning of the month and a decrease of 18.29% compared to the same period last year.
2、 Analysis and Review
1. Crude oil rose broadly. 2. The Asian American arbitrage window has closed, and the domestic price of pure benzene in China is high, resulting in a high import volume of pure benzene in July. And the overall supply of pure benzene in the market is sufficient. 3. Downstream profitability is poor, styrene has slightly increased, regional demand is strong, downstream purchases are normal, traders just need to replenish, driving the transaction center to continue to move up, and crude oil prices have risen.
This month, the price of Sinopec pure benzene increased by 1000 yuan/ton to 7200 yuan/ton.
Downstream aspect
3、 Future Market Forecast
Some economic data in the United States has improved, and Saudi Arabia may further extend the deadline for additional production cuts, causing international oil prices to continue to rise. NYMEX crude oil futures contract 09 rose by $80.58 per barrel, or 0.61%, by $0.49 per barrel; ICE oil futures contract 09 rose by $0.75 per barrel, or 0.89%, at $84.99 per barrel. The main contract for China INE crude oil futures, 2309, rose 3.5 yuan to 606.7 yuan/barrel, and rose 4.4 yuan to 611.1 yuan/barrel in overnight trading.
On July 31st, in external trading: FOB South Korea increased by $6 to $873 per ton, CFR China increased by $15 to $895 per ton, FOB Southeast Asia increased by $6 to $842 per ton, FOB Rotterdam stabilized at $870 per ton, and FOB USG stabilized at 317 cents per gallon.
The fundamentals are showing an upward trend in the short term, with sufficient supply on the market. Pure benzene may continue to rise in the short term, and we are waiting to see if the cost and demand sides can improve. Continue to pay attention to the trend of crude oil and external markets, as well as the impact of the dynamics of pure benzene and downstream devices, and changes in demand on the price of pure benzene.
| http://www.sulfamic-acid.com |