The supply and demand of pure benzene is basically weak

The benzene market, which has been singing all the way from August 10, has been hit by the weakening of crude oil and foreign disks this week.
Although crude benzene auctions barely supported, the enthusiasm for downstream purchases has begun to shrink.
At present, most people in the G20 market are bearish on the recent market
.
Sudden increase in supply and demand is basically weak.
Since August 10, this wave of benzene market, driven by crude oil, external disks and crude benzene, came to an end on Monday (August 22)
.
This wave of rally came suddenly.
Judging from Sinopec’s two calls for the industry to increase its listing (two times a total of 200 yuan/ton), it is obvious that it is cautious and hesitant
.
This wave of rally is so tangled.
At the beginning of the rally, many people regretted not having stocks on the 11-12.
Now it seems that many people are fortunate not to catch up on the 18-19
.
Summarizing this wave of gains, the support point mainly comes from the speculation of external disks and crude oil and crude benzene.
Fundamental factors such as Sinopec's North China Outsourcing and Hydrobenzene Plant oversold in the first half of the month are limited to the North China market, which is not the main market, so transactions are mainly concentrated.
In the fields of crude benzene and hydrogenated benzene in North China, the price increase of external disk and petroleum benzene obviously lacks the support of a large amount of transaction data
.
And entering this week, the European, American, Asian and foreign trades and crude oil diving have gradually returned the lack of confidence in market prices to rationality
.
Crude benzene continues to sell at a high price, but under the bearish sentiment of most industry, although hydrogenated benzene manufacturers continue to support, but from the perspective of trend, there is only a callback and no reason for the rise
.
The recent trend of pure benzene and crude oil's gradual convergence depends on market speculation.
The comparison of crude oil and petroleum benzene prices in 2015-2016.
It is obvious that the trend of benzene market and crude oil has obviously begun to "match".
Since mid-August, the overall increase in bulk petrochemicals has also confirmed This point: Once crude oil rises, it is obvious that it will support the market mentality, and the increase in commodity prices is determined by market speculation and their respective supply and demand status
.
Later period: European and American sub-pure benzene collectively fell.
The continuation of the bearish external market was the previous upward momentum, and it has now become a hindrance
.
Nowadays, the situation in Europe and America has taken a sharp turn under the turmoil of crude oil
.
The trend of pure benzene in Asia, America and Europe in 2015-2016 As for pure benzene in Europe, due to the replenishment of imported goods, the shortage has subsided, and the price has gradually weakened.

.
In the US market, the strong demand for pure benzene in the early stage was based on the unimpeded arbitrage of American styrene.
Due to the soaring of raw material pure benzene, the arbitrage of American styrene is now closed, and American pure benzene has lost the basis of high support
.
The current market atmosphere is embarrassing.
The high crude benzene price forces the hydrogenated benzene plants to uphold the price, but it is already at the end of the battle; in the later stage, most of the downstream thinking is empty, and on-demand purchases are unable to support high prices; the predominant power of external and crude oil has been exhausted, and the internal and external disks have been exhausted.
The smooth listing situation made Sinopec’s listing a little bit of a sense of crisis, just wait and see whether the crude oil market continues to dive and how crude benzene will end up