1、 Price trend:

On January 10, the hydrogenated benzene commodity index was 61.81, unchanged from yesterday, down 39.41% from 102.01 (2014-01-09), the highest point in the cycle, and up 38.71% from 44.56, the lowest point on August 31, 2015. (Note: cycle refers to 2013-12-01 to now).

2、 Market analysis:

Domestic market: this week’s Hydrogenated benzene market is slightly lower, and the price of hydrogenated benzene in East China is 5750-5850 yuan / ton as of Friday. In terms of operating rate, the overall operating rate of hydrogenated benzene enterprises this week is about 60%, slightly higher than last week. This week, overall, the positive impact of the upstream boost is limited, and the losses of downstream styrene, aniline, cyclohexanone and other products continue, with low purchase intention, and the trend of shocks before the festival.

Industry chain: this week’s oil price shows a parabola trend, which goes down for four consecutive days after Monday’s big rise. Earlier this week, oil prices rose as concerns about the supply or decline of crude oil increased as tensions in the Middle East escalated last week. Later, oil prices fell sharply due to an unexpected increase in US crude oil inventories and signs of easing in the Middle East. WTI fell by 6.1% and Brent by 2.8% compared with January 3; pure benzene: Port inventory of pure benzene decreased slightly this week compared with last week. Affected by the situation in the Middle East at the beginning of the week, oil prices soared, driving the price of pure benzene up in the external market and the domestic market. However, in the later period, the oil price plummeted and the support surface weakened. In addition, the downstream trading has been light and the profit is insufficient, so the market fell back. Downstream: this week, styrene market is in a narrow range of volatility consolidation trend. The arrival of styrene in the main port increased. Generally speaking, the styrene market was forced to stay short this week, with a trading deadlock, up 1.17% compared with last Friday. In the lower reaches of Shandong Province, aniline enterprises competed for shipment, and Jinling reduced 100 yuan / ton, or 0.52%. The upstream pure benzene price is still high, the downstream demand is light, and the profits of aniline enterprises are in deficit.

3、 Trend Forecast:

At present, the external market of pure benzene has a limited boost, crude oil has returned to the previous level, the follow-up direction is unclear, the winter transportation is more difficult, the north is snowy, the transportation is limited, the North resources are difficult to enter East China for arbitrage, the freight price is rising and other adverse factors are more, and in the follow-up, the market of hydrogenated benzene before the festival is mainly weak shock.