On April 1, 2022, the price of domestic crude benzene was 6751 yuan / ton, unchanged from the previous trading day.
On March 31, the international crude oil futures market fell sharply. The settlement price of the main contract of WTI crude oil futures in the United States was US $100.28/barrel, down US $7.54 or 6.99%; The settlement price of the main contract of Brent crude oil futures was US $104.71/barrel, down US $6.73 or 6.04%. Mainly because US President Biden announced the plan to release strategic crude oil reserves on a large scale, the short-term tightening of oil price supply is expected to be eased; In addition, with the repeated outbreaks in China, investors are worried that the expansion of blockade restrictions may put pressure on demand and oil prices.
If crude oil continues to rise, the operating load of pure benzene may continue to decline under higher cost pressure. The supply and demand of main downstream styrene is still weak, which restricts the price of pure benzene. Overall, the trend of pure benzene in April mainly followed the trend of crude oil. In terms of supply and demand, at present, the operation of coking enterprises is slightly low. With the introduction of policies, the transportation problem may be alleviated to a certain extent. At that time, the operation of coking enterprises will be improved to a certain extent, and the downstream demand is generally stable. It is expected that the price of crude benzene will still follow the trend of pure benzene. The future market will focus on the impact of international crude oil situation, external disk, pure benzene and downstream device dynamics, demand side changes and other changes on the price of pure benzene.
| POLYVINYL ALCOHOL |