SunSirs: The Hydrogenated Benzene Market Fluctuated Last Week (October 21-25)
October 29 2019 10:36:50 SunSirs (John)
Price trend
On October 26, the hydrogenated benzene commodity index was 58.31, which was the same as October 25. It was 42.84% lower than the highest point in the cycle (2014-01-09), which was 30.86% higher than the lowest point of 44.56 on August 31, 2015. . (Note: Period refers to 2013-12-01 to date).
Analysis review
Domestic market: The hydrogenated benzene market was dominated by shock consolidation in the week (10.21-10.25). After the National Day, the operating rate of coking enterprises gradually recovered. Although Hebei Province had more environmental protection and limited production, the operating rate was relatively stable across the country, with an overall situation of around 70%. In the week, some of the hydrogenation benzene plants were shut down for maintenance, but the overall operating rate was still rising, about 50%. Market supply had increased. The talks were better and the atmosphere was more active. The price range was around 5,200 RMB/ton in East China and 5,000 RMB/ton in Shandong.
Industry chain: At the beginning of last week, the pure benzene market was affected by the forced air and the spot supply in East China was tight, with the price up. Near the end of the weekend, the shortage of replenishment ended, the market mentality turned to prudence, and the price weakened.
Market outlook
Next week, there are mixed positive and negative factors in the field. In addition, the environmental protection and production restriction plan for heating season has not yet been announced, and the hydrobenzene market is mainly volatile.
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