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SunSirs: Cost Pressure on Hydrogenated Benzene Market Remains This Week (March 9-13)

March 17 2020 11:14:54     SunSirs (John)

Price trend

The hydrogenated benzene commodity index on March 13 was 52.24, which was the same as the previous day, and was 48.79% lower than the highest point of the cycle at 102.01 (2014-01-09), and 17.24% higher than the lowest point of 44.56 on August 31, 2015. . (Note: Period refers to 2013-12-01 to now).


Analysis review   

Domestic market: There has been no significant change in the start of hydrogenated benzene companies this week. The general situation of manufacturers taking goods has been reduced. The cost pressure of the company has eased but the cost is still downward. There is still some pressure on the company. As of Friday, the market price of hydrogenated benzene in Shandong is around 4350-4400 RMB/ton, which is about 350 RMB/ton lower than last week. Although the tender price of crude benzene market this week has fallen, hydrogen benzene companies will still face cost problems in the short term. The shipping situation is average.

Industry: According to the price monitoring of SunSirs, in the 10th week of 2020 (3.9-3.13), the commodity price rise and fall of the commodity sector in the chemical sector increased by 11 categories, among them, there were 3 kinds of goods with a rise of more than 5%, accounting for 3.4% of the number of goods monitored in this sector; the top 3 goods with increase were ammonium chloride (17.14%), liquid ammonia (11.43%), and sulfur (7.18%). There were a total of 40 kinds of goods that fell month-on-month, and a total of 14 kinds of goods that fell by more than 5%, accounting for 16.1% of the number of monitored products in this sector; the top three products were PX (-11.29%), OX (-10.71%) , Acetone (-10.26%). This week the average rise and fall was -1.5%.


Market outlook

Oil prices may still find a bottom in the short term. At present, the market still needs to pay close attention to OPEC trends and the development of the epidemic. The recent cost pressure of hydrogenated benzene companies remains. After the end of the heating season, the focus will be on coking enterprises. It is expected that the hydrogenated benzene market will mainly consolidate.


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