1. Summary of domestic prices of pyrobenzene and related products
2. Assessment of the market behaviour point for pyrobenzene
On 27 february, the domestic market price of rozene rose by 10-410 yuan/t. The price of north china pure benzene was again increased by $100 per ton, and the rate of construction by downstream benzene-hydrogen enterprises increased demand for raw materials and the price of benzene in the promoted fields went up。
While the fed’s potential for further interest-rate hikes has increased, russia’s proactive cut may have been more than expected, and opec has previously indicated that it will not fill russia’s cut by increasing production, with the international oil price stagnating last friday night. Wti crude oil prices rose by $0. 93 per barrel, or 1. 23 per cent, on the previous trading day; brent crude oil prices increased by $0. 61 per barrel, or 0. 74 per cent. Following a small shock after the opening of international crude oil on 27 february, by 3 p. M. Beijing time, wti crude oil had fallen by 0. 56 per cent and brent crude oil by 0. 53 per cent。
The international crude oil has been decompositioned and the cost end has provided some boost to the pure benzene market. The climate of negotiations at the east china market has warmed up, with a total of $7120-7180/t in the field, mainly for purchases to supplement the recent monthly contract. The price of chinese petrochemical eastern net benzene continues to run at $7,000 per ton, the price of northern china continues to rise by $100 to $6950 per ton, and the offer against the firm on the field remains well supported. The shandong market is heavily priced, with in-situ trading prices at 6950-7020 yuan/t, but downstream traders have some resistance to high-priced raw materials。
The hbb market is organized at a high price, with the real-life area in the field at $6400-7,200/t. The price of the north china pure benzene camp continues to rise, and the north-south arbitrage window is shrinking, reducing the motorization of the hbb market and ensuring that deliveries take place。
Styrene futures contract concussion dropped by 1. 29 per cent over $8502 per ton, with a series of negatives。
At present, the price of pure benzene is strong, the cost end is still strong and the price of styrene is better at the bottom, but the mobility of styrene is inadequate, given the lack of substantial improvement in downstream demand. As a result, it is expected that the short-term multi-zone price of styrene will be organized。
3. Post-polybiphenyl forecasting and delivery strategy
According to the ifrc, the price of north china pure benzene was again increased by $100 per ton, and the rate of commissioning by downstream benzene and hydrogen companies increased the demand for benzene for raw materials, and the price of benzene in the promoted fields went up. However, the movement of crude oil remains uncertain, and there has been an increase in supply-end focus and an expected increase in the supply of benzene. As a result, it is expected that the market prices for rozene this week will be heavily organized and that there will be significant space constraints. It is recommended that practitioners procure on demand。
