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Views: 0 Author: Site Editor Publish Time: 2023-01-05 Origin: Site
Pure benzene/hydrogenated benzene: morning reminder of January 5th domestic market
| product | Brief Analysis of Aromatic Products Market | price | Trend Forecast |
| Petroleum benzene/hydrogenated benzene | Yesterday, the domestic pure benzene market price fell back from a high level, and the weak operation of crude oil and styrene in the day suppressed the market mentality. | Pure benzene: 6750-6800 | ↓ |
| supply and demand:Hainan refinery and Guangdong petrochemical plants are scheduled to start production in January. The supply of petroleum benzene continues to increase. Some plants for hydrogenated benzene have restarted. On-site supply has increased. | Hydrogenated benzene: 7150 | ||
| predict:The trend of crude oil and styrene is sluggish, and the support for pure benzene has weakened. The industry is mainly on the sidelines, and the support in the market is insufficient. It is expected that the domestic pure benzene market may be weaker today. | |||
| Toluene/Xylene | supply and demand:The warehouses in the main port are sorted out in a narrow range, the downstream buying momentum is average, and the fundamentals of supply and demand are bearish. | Toluene: 6300-6400 | ↓ |
| predict:Crude oil continued to close down overnight, the market mentality continued to be under pressure, and the shipment of high-priced goods was blocked. It is expected that the diphenylene market in East China will be weak and volatile today. | Xylene: 6800-6900 | ||
| Styrene | crude:Affected by concerns that the global economic downturn may lead to weak demand, international oil prices continued to decline on January 4th. February WTI: 72.84 down 4.09 or 5.32%; March Brent: 77.84 down 4.26 or 5.19%. | 8300-8470 | → |
| cost:The pure benzene market fell from a high level and closed at around 6750-6800. The port inventory continued to accumulate, and it was difficult to support its own price upward. Asian ethylene closed at 870 US dollars / ton CFR Northeast Asia. | |||
| supply:The inventory of styrene main ports has increased slightly. As the load of some domestic devices has increased, and new devices have been put into production, the overall supply has increased. | |||
| need:The main downstream demand for styrene is expected to decline, and some EPS plants will reduce production. In the later stage, considering that there will be more holidays in January, and the downstream production and sales profits will shrink, some downstreams will have inventory pressure, and the plants may reduce production. The overall demand for styrene is expected to weaken. . | |||
| predict:Crude oil continued to decline overnight, and the cost side support weakened. In addition, the demand side is expected to gradually weaken, and domestic supply will continue to increase. It is expected that the short-term styrene market may remain weak and volatile. We hope to continue to pay attention to the follow-up of styrene terminal demand and the supply of new domestic production capacity. | |||
| phenol | The domestic phenol market dropped yesterday. | 7400-7600 | → |
| supply:The start-up of the industry remains close to 90%, and the subsequent new production capacity of Ruiheng and others is expected to be released. | |||
| need:At the end of the year, it is difficult to improve the demand side, and the market trading atmosphere is flat. | |||
| predict:Phenol short-term light finishing. | |||
| Acetone/Isopropanol | The center of gravity of the domestic acetone market moved down yesterday, and the isopropanol market followed suit. | Acetone: 5200-5250 | ↓ |
| supply:Acetone port warehouses have increased slightly, the supply of goods is concentrated, and the overall change in the supply side of isopropanol is limited. | Isopropanol: 6700-6750 | ||
| need:The room for improvement in downstream demand is limited, and the buying interest of terminal factories is not good. | |||
| predict:In the short term, the quotations of acetone manufacturers fluctuate, and the short-term market may run weakly, and isopropanol may fluctuate slightly under the influence of raw material fluctuations. | |||
| Cyclohexanone | upstream:Pure benzene is listed at 6,650 yuan/ton, and the East China market has fallen from a high around 6,775. Port inventories continue to accumulate, and it is difficult to support its own price upward. | 8900-9100 | → |
| need:The downstream chemical fiber market demand is flat, the solvent market is maintained on demand, the end-terminal demand is flat, and the market demand is mainly for short-term rigid purchases. | |||
| predict:Crude oil continued to fall overnight. In the short term, it is difficult to find strong support for the cost of cyclohexanone market, and the room for improvement in downstream demand is always limited. It is expected that the short-term cyclohexanone market or range adjustment will be the main focus. We hope to continue to pay attention to downstream receiving sentiment and related product prices The trend guides. | |||
| Maleic anhydride | upstream:The upstream pure benzene closed at around 6900 in East China, and the price continued to rise; the butane market fell slightly around 5200. | 6500-6800 | ↑ |
| supply:The domestic supply of maleic anhydride is still not high. Qixiang’s operating capacity is 200,000 tons. The Jiangning chemical plant is shut down. It is planned to restart near No. 8. A maleic anhydride plant in Dalian has already operated 10,000 tons. Yongshunda is shutting down recently, and Yuxin plans to conduct annual maintenance at the end of January. Luoyang Jiuyuan plant is shutting down. | |||
| need:In January, the resin operating rate gradually declined, and the resin operating rate was below 20%. Terminal factories were cautious about purchasing raw materials, and the subsequent operating rate decreased significantly. | |||
| predict:On the whole, the domestic maleic anhydride market has rebounded in a narrow range recently. Due to the tight supply in the short term, coupled with low prices, downstream factories have moderately purchased, and the price recovery has been driven by the rebound of peripheral products such as raw material pure benzene. Conservative, pay attention to manufacturer pricing and supply and demand performance. |
