1、 Price trend
According to the data of the business club’s large scale list, the price of pure benzene on May 31 was 3450-3850 yuan / ton (average price 3600 yuan / ton); the price of pure benzene on Sunday (June 7) was 3550-3850 yuan / ton (average price 3660 yuan / ton), 1.67% higher than last week.
2、 Analysis and comment
This week, the price of pure benzene rose slightly. Crude oil and outer plate have strong support for pure benzene. Port inventory rose in the week, but the increase decreased.
On Friday (June 5), South Korea imported 429.33 US dollars / ton of pure benzene, up 31.33 US dollars / ton, up 7.87% from May 29; East China imported 435 US dollars / ton of pure benzene, up 28 US dollars / ton, up 6.88% from May 29.
Crude oil rose in a volatile week. It is said that OPEC + meeting will be held in advance in the week, and the market is bullish. Thursday’s meeting was not called in advance, but the atmosphere was still good. Brent rose $6.62, or 19.26%, this week from May 29, while WTI rose $3.96, or 11.05%. Compared with December 31, 2019, Brent decreased by 38.59% and WTI by 34.51%
This week, the market price of styrene rose first and then declined slightly, with the overall increase. On June 5, the price of styrene in Shandong Province was 5583.33 yuan / ton, up 166.66 yuan / ton or 3.08% from last week.
This week, aniline was stable as a whole, and individual enterprises cut prices for shipment. On June 5, the price of aniline in Shandong was 4400-4490 yuan / ton, and that in Nanjing was 4500-4820 yuan / ton.
3、 Future forecast
Next week, with the OPEC meeting, the oil price will rise as a whole. The resumption of work and production in foreign countries has been promoted, and the external price is firm. It is expected that the pure benzene will run stronger next week.