The overall trading stalemate in the pure benzene market, crude benzene prices are facing a dilemma

Since entering 2016, the price of crude benzene has been leaping forward.
At present, the mainstream price in the main producing areas is 4150-4350 yuan/ton, which is about 200 yuan/ton higher than the same period last year
.
It can be seen from the price curve that the crude benzene price in late April and May experienced two straight-line increases, and the price rose to the highest point during the year.
Some coke companies in East China quoted prices to about 4450 yuan/ton
.
However, the market's rising trend failed to continue.
The price of crude benzene began to fall slightly last week, but the decline was only around 50-100 yuan/ton
.
Compared with the rising price of crude benzene, although the price of hydrogenated benzene is also showing an upward trend, the high price of crude benzene has already made it difficult for hydrogenated benzene companies to load
.
This year, hydrogenated benzene companies have always been at a loss.
Due to cost pressures, hydrogenated benzene companies have to increase prices for shipments, but the price increase is difficult to compare with the increase in crude benzene
.
Recently, the price of hydrogenated benzene has declined, and the market has become bearish, but it has not aroused more interest in downstream purchases.
At present, most of the downstream products of pure benzene are difficult to make profit, and the rising crude oil has not boosted the external market of pure benzene.
The market as a whole The trading atmosphere is relatively stalemate
.
At present, hydrogenated benzene companies have suffered serious losses.
The domestic crude benzene has risen more than expected, and the losses of hydrogenated benzene companies have remained at around 200-300 yuan/ton.
Therefore, most of the hydrogenated benzene companies resist high-level delivery
.
However, the losses of downstream companies did not cause a significant correction of crude benzene.
This week, the bidding prices of coking companies in Shanxi and Hebei have increased by varying degrees.
The bidding prices of Shandong Tiexiong Xinsha have remained flat for two consecutive weeks, which has made the coke companies' intention to uphold the price.
Greatly increased
.
In addition, affected by the Tangshan World Horticultural Exposition and increased environmental protection efforts, the supply of crude benzene continues to be tight.
Jining, Shandong and Tangshan, Hebei have limited production to varying degrees.
The contradiction between tight supply and strong downstream demand has highlighted the high price of crude benzene.
No less
.
On the whole, losses in downstream hydrogenated benzene companies have become the norm, but crude benzene prices are still high.
Although pure benzene continues to fall on the external market, it is even lower than the domestic Sinopec pure benzene listing price, but Sinopec pure benzene listing price has not been adjusted yet.
According to the plan, domestic crude benzene is supported by this, and it is unlikely to be significantly reduced in the short term.

.
In addition, coal coke resources have been slightly tight recently, some coke companies have restricted production, and there is still no sign of relaxation in environmental inspections, crude benzene is expected to continue to show a tight supply situation in the short term
.
According to Treasure Island estimates, the current crude benzene market transactions are relatively stalemate, and downstream hydrogenated benzene companies are more cautious in receiving goods.
In the short term, crude benzene is expected to be in a dilemma between ups and downs, and consolidation is expected
.