Price trends:

On September 6, the hydrobenzene commodity index was 57.40, unchanged from yesterday, down 43.73% from the peak of 102.01 points in the cycle (2014-01-09), and up 28.82% from the low of 44.56 points on August 31, 2015. (Note: Period refers to 2013-12-01 to date).

II. Market analysis:

Domestic hydrobenzene market rose this week (9.02-9.06). The average domestic market price was 516.67 yuan/ton at the beginning of the week and 5200 yuan/ton at the end of the week, up 1.63%.

Domestic market: Hydrobenzene enterprises started normal work this week. Several hydrobenzene enterprises in Shandong Province have resumed production. Hydrobenzene enterprises are now profitable, generally active in starting work, and their enthusiasm for production is still acceptable. The price of hydrotoluene and hydroxylene has risen by 300-400 yuan/ton from last week. As of Friday, the hydrobenzene market in Shandong Province ranged from 5100 to 5250 yuan/ton, with an average price of 5175 yuan/ton.

Industry Chain: Crude Oil: This week, international oil prices rose rapidly after a sharp fall, the overall decline was slightly lower than last Friday, Brent fell by 0.62%, WTI fell by 0.79%. Oil prices plunged as European and American manufacturing data sparked fears of global economic weakness and trade disputes. On Wednesday, news from the United States and Iraq warmed up and increased supply risk and oil prices rose rapidly. Pure benzene: This week, the inventory of pure benzene in eastern China fell again, the supply of market resources was tight, and the price of pure benzene was well supported. The downstream East China styrene plant was shut down for production and maintenance, which led to the limited replenishment of hydrobenzene resources in eastern China, which was good for driving up the price of pure benzene. The weak external support at the beginning of the week led to a cautious attitude in the domestic market. Following the rise of international oil price, the price of pure benzene on the outer plate increased. The Asian-American arbitrage window is still open, but the shortage of resources in the early stage has eased and its influence on the market is limited.

3. Trend forecast:

Near National Day, the environmental protection situation in North China and its surrounding areas is becoming increasingly tense. In addition, transportation in the surrounding areas will be affected. Under the influence of small rebound of pure benzene outer plate and rising listing price of Sinopec pure benzene, there is still room for a slight increase in hydrobenzene market.