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Crude benzene mentality panic, prices still have room to fall

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Crude benzene mentality panic, prices still have room to fall

Date of release:2018-10-22 Author: Click:

This week, the crude benzene market fell sharply, down 2.73%. Now the mainstream transaction price of crude benzene market is 7800-7950 yuan / ton.


Second, the market analysis:


This week, the crude benzene market has plunged sharply. The price of crude benzene in the mainstream area has dropped by 1000 yuan/ton in the previous period. As of the end of this week, the mainstream price of crude benzene in Shandong area is 7900-7950 yuan/ton. The actual transaction is difficult; the low supply in Shanxi Constantly emerging, there are quotes of 7,400 yuan / ton; Hebei has few transactions, a small amount of transactions 7400-7600 yuan / ton; Ningxia Inner Mongolia prices fell slightly at 7,400 yuan / ton.


The reason for the sharp reduction of crude benzene was mainly due to the impact of the 7400 yuan/ton flow of Shanxi Datu River, and the reduction of pure benzene by 300 yuan/ton on Wednesday, which is undoubtedly worse. The downstream hydrogenation of benzene, toluene, and xylene markets was affected by the low-level fluctuation of crude oil and the decline in the external disk market. The price of crude benzene was closed and the transaction was scarce. The downstream coking benzene and hydrogenated benzene have suffered from the high-priced crude benzene raw materials for a long time since the second half of last year. The operation is bleak and the profit is difficult. The coking benzene and hydrogenated benzene fell, and the downstream merchants took the opportunity to suppress the price of pure benzene.


Third, the outlook forecast:


In summary, Liu Mei, a crude benzene analyst at the Chemical Industry Branch of the business community, believes that the current crude benzene market dominates, the short-term crude benzene market is difficult to change, and the crude benzene and downstream market mentality is more panic. It is expected that the short-term price of crude benzene still has room to fall.


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