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In-depth observation
The current situation in the domestic market for pyrobenzene, with prices rising sharply this week, with tenders increasing by 450-680 yuan/tonne compared to the previous period, has soared this week that, while the market as a whole is optimistic, the reasons for it have to be examined。
Prices of pyro-benzene continued to decline for almost two years, starting in october last year, with a low swinging shock lasting for more than half a year, and began to decline again after a low rebound in june this year, until last week, when there was a upward trend. In general, the accumulation of social stocks is still relatively high, given the long periods of silence in the market for this round of pyrobenzene, where traders are caught up in it and are reluctant to come out at a low level. The current round of pyrophenyls is closely related to industry mentality。
There is now a marked increase in the downstream benzene-hydrogen market negotiations and a steady start-up of the plant, with strong demand for benzene. Coco was affected by environmental constraints and by the contraction of crude benzene production, which continued to fall in the market for pyrobenzene in the preceding period, which was less expensive than in the consumer plant, while the willingness of the benzene-hydrogen industry to take up goods for subsequent start-up was increased as the increase in pyrophenyls began, the industry grew more and the market was becoming more active, and the price of pyrophenyls was rising in an environment where demand was not sufficient。
The current overall profitability of the pyrobenzene market is numerous, with an increase of $100/ton in the price of pyrochemical pure benzene this week, while net benzene outwards are less volatile after a marked increase and the hcb market is more active. It is worth noting, however, that the price of palettes is a drag on the domestic market, that the future development of pure benzene will affect the market for pyrobenzene, which is somewhat supported by the current round increase。
In the recent climate of positive rises in the market for pyrobenzene, there is still a potential for follow-up, supported by good market interests, and close attention should be paid to changes in pure benzene market patterns, as well as to the uncertainty of the domestic market in the event of a marked volatility of the outwards, while the market for pyrobenzene is bound to be affected and the subsequent entry into the market will still require rational operation。
