Pure benzene: limited rise

After the festival, the market price of domestic pure benzene continued to rise. Affected by the rising prices of crude oil and styrene, the listing price of Sinopec pure benzene was increased by 150 yuan on the first day after the festival, the market price of East China pure benzene was further pushed up, most of the offers in Shandong local petroleum benzene market rose, the downstream procurement enthusiasm was high, and the on-site transactions were good.

In terms of commencement, the unit operation rate of domestic pure benzene enterprises this week was 72.5%, unchanged from last week, and the restart time of Yangzi Petrochemical was postponed to the middle and late ten days of the month.

In terms of inventory, as of May 5, the inventory of pure benzene in Jiangsu was 115000 tons, down 11.2% from April 26. The ships arriving from April 26 to May 5 were 9000 tons, and the digestion volume in the cycle was 23500 tons.

In terms of demand, after May Day, the domestic styrene market opened high, the suppression of terminal demand improved, the market speculation increased, the futures rose sharply, the demand was expected to strengthen due to the improvement of the epidemic situation in the short term, and the commodity market rebounded, boosting the overall market atmosphere.

On the whole, it is expected that there is still room for the international oil price to rise next week, and the devices overhauled in the early stage of the future market will be restored one after another. It is expected that the overall supply in the field will increase, the number of ships arriving in the near future is small, the inventory pressure is small, the external price is still strong, and the demand in the field is expected to increase. However, the downstream main force is in a state of loss for a long time, or limit the rise of pure benzene. It is expected that the high-level fluctuation of pure benzene Market.