O-benzene market strong and stable

According to the data monitoring of business association, the settlement price of o-benzene in June was 6200 yuan / ton, which was higher than that in May. In June, the market of o-benzene was generally stable. As of June 25, Sinopec’s price of o-xylene was 6200.00 yuan / ton, which was stable compared with the price of o-xylene of 6200 yuan / ton at the beginning of the month; Compared with the price of 5 900 yuan / ton on May 1, the price of o-benzene increased. In June, the market of o-benzene was consolidated, and the market was strong and temporarily stable compared with May.

The price of raw materials fluctuates and stabilizes

According to the data detection of business society, the price of mixed xylene rose first and then fell in May, and fell first and then rose in June. As of June 25, the price of mixed xylene was 5880 yuan / ton, slightly lower than that in early June; The price of mixed xylene increased slightly compared with that in early May. Mixed xylene market tends to be stable, o-benzene cost is temporarily stable, o-benzene rising power still exists.

The lower reaches of the market fell

According to the data from the business community, the price of phthalic anhydride rose first and then fell in May. In June, the market of phthalic anhydride continued its decline in May, and the price of phthalic anhydride fluctuated and fell. As of June 25, the price of phthalic anhydride fell by 4% compared with that at the beginning of May. The downstream market of o-benzene fell, the demand for o-benzene weakened, the rigid demand for o-benzene was insufficient, the rising power of o-benzene weakened, and the downward pressure increased.

Future forecast

Bai Jiaxin, an o-xylene data analyst of business news agency, believes that in June, the price of mixed xylene first fell and then rose, the cost of o-xylene stabilized, the price of phthalic anhydride continued to decline, the downstream market fluctuated and fell, and the demand for o-xylene was insufficient. In general, the o-xylene Market fluctuated and weakened in June, and the settlement price of o-xylene rose in June, but the pressure of o-xylene decline was greater, and the settlement price was falsely high. In the future, the settlement price of o-benzene is falsely high, and the market of o-benzene is expected to fall.

According to the data of the business club’s block list, boric acid prices continued to rise this week. On June 18, boric acid prices were 4600-5250 yuan / ton (average price 4820 yuan / ton), and on June 24, boric acid prices were 4850-5300 yuan / ton (average price 4980 yuan / ton), with an average price increase of 160 yuan / ton or 3.23% compared with last week.

Boric acid prices continued to rise after finishing slightly this week. At present, the price of upstream basic raw materials is rising, the cost is under pressure, and the pressure of production enterprises is greater. Some enterprises carry out limited order, a single discussion. The shortage of imported boric acid is also the reason for the price rise of domestic boric acid. Some domestic factories have begun to list.

According to the data monitoring of the business association, the boric acid prices of some enterprises in the near future (for reference only, the actual transaction prices of different brands, different specifications and products are mainly negotiated)

Boric acid analysts of business news agency believe that in the recent period of boric acid price fluctuation, due to various reasons such as raw material prices, production orders of enterprises, and tight import sources, it is expected that the boric acid market will fluctuate at a high level in the short term. It is suggested that buyers just need to purchase, and more attention should be paid to market information guidance.

Recently, the price of domestic refined oil has increased significantly. The price of domestic 92 gasoline reached 7932.6 yuan / ton, up 4.62% in June. The price of domestic 0 diesel oil was 6367 yuan / ton, up 4.15%. It mainly promoted the increase of consumer demand. In addition, the price of upstream crude oil has been greatly boosted. With the implementation of consumption tax on light circulation, mixed aromatics and other oil blending raw materials, multiple benefits have been superimposed, Domestic oil product prices have risen.

In June, the price of gasoline and diesel still went up in Shandong Province, which was supported by the market. However, the overall price level is on the high side, and the acceptance of the middle and lower reaches is not high. In June, with the implementation of consumption tax on light circulation, mixed aromatics and other oil blending raw materials, the refined oil market was supported by certain advantages, and the price of diesel oil rose by a large margin. However, with the completion of summer harvest in the north, the rainy season in the south is coming. At present, the domestic weather is mainly hot and rainy, and the start-up of industrial and mining industries abroad is limited, so the diesel oil continued to rise weakly. The price trend of crude oil market has risen sharply. In addition to the good trading situation in the market, the price trend of refined oil has risen.

Crude oil: in June, the price of crude oil rose sharply. After the acceleration of vaccination in many countries, the epidemic situation in India also showed an obvious inflection point. With the rapid recovery of crude oil demand, the price of crude oil showed a strong upward trend, once rising to the highest level in 32 months. As of Tuesday, the settlement price of the main contract in the U.S. WTI crude oil futures market was at US $72.85/barrel, while the settlement price of the main contract in Brent crude oil futures market was at US $74.81/barrel. The rising price of crude oil market has formed a certain cost support for the domestic oil product market, and the domestic cost has a rising trend.

The supply and demand side of refined oil is good: in the second quarter, some maintenance units of atmospheric and vacuum distillation were restarted, the operating rate of refineries rose, the supply side increased from where it was, but the demand also increased accordingly. In terms of gasoline demand, the domestic temperature is appropriate, the travel radius of the public has increased, and there is a certain demand for goods preparation and storage in the market. In terms of diesel oil, the summer harvest in northern China has started one after another, the agricultural oil consumption may increase gradually, the demand for diesel oil in engineering infrastructure, logistics and transportation industries continues to pick up, and the terminal demand for diesel oil has strong support. Positive demand superimposed, domestic oil prices continued to rise.

Recently, the average start-up load of atmospheric and vacuum distillation units in domestic main refineries is about 78%. In June, the main refineries resumed work, the number of refineries increased, and the supply side increased.

Chen Ling, an oil products analyst at the business club, believes that the recent international crude oil price is favorable. June is in the traditional peak oil consumption season in the United States. In addition, the epidemic situation has been alleviated to some extent, and there is a certain cost support for international crude oil. However, the domestic product oil price is at a high stage, and downstream users have a certain resistance to high prices, so there is a great pressure to continue to rise sharply, There is little room for price increase in the later stage.

From June 14 to June 18, 2021, the crude benzene market price rose slightly, at 5561 yuan / ton at the beginning of the week and 5601 yuan / ton at the end of the week, with a weekly increase of 1.47%.

Summary of price adjustment of Sinopec’s pure benzene in 2021 (unit: yuan / ton)

Date, adjusted price, adjusted amount

May 7, 7700, + 300

May 10, 8000, + 300

May 12, 8200, + 200

May 24, 7900, – 300

May 28, 7600, – 300

June 4, 7900, + 300

June 11, 7750, – 250

On June 11, 2021, Sinopec’s listed price of pure benzene was reduced by 250 yuan / ton. At present, it implements 7750 yuan / ton, among which Qilu Petrochemical implements 7700 yuan / ton.

This week, the international market of pure benzene was weak, and the crude oil market was strong in the first half of the week. Under the attack of good and bad news, the domestic pure benzene market was stable this week. In terms of port inventory, pure benzene continued to be destocked this week. Under the expectation of tight supply, the price of pure benzene was supported to a certain extent, and the trend of hydrogenation benzene market followed the trend of pure benzene temporarily stable this week. The bidding price of crude benzene enterprises increased slightly this week, and the overall industrial chain is slightly stable.

On the supply side, coking enterprises are affected by environmental protection and maintenance, and the supply is expected to shrink. In terms of industrial chain, the supply of pure benzene market is tight, the profit of downstream industrial chain is limited, and there are some overhauls. The demand for pure benzene and hydrogenated benzene is not enough. It is expected that the price of pure benzene will be stable in the short term. In the case of the overall stable trend of industrial chain, the price of crude benzene is expected to maintain the consolidation trend in the short term.

1、 Price trend

Bromate prices are high, according to data monitoring on the business community’s bulk list. The average price of the market forces in Shandong Province was 45312.5 yuan / ton at the beginning of the week, 45937.5 yuan / ton at the weekend, with the price up 1.38%, and the price rose 65.04% compared with the same period last year. The bromine commodity index, which was 161.18 on June 17, was flat with yesterday, a record high in the cycle, up 173.56 percent from the lowest point of 58.92 on October 29, 2014（ Note: period refers to the period from September 1, 2011 to now

2、 Market analysis

At present, the domestic bromine is high and strong. The main trend of enterprises is 45000-46500 yuan / ton. The overall price of bromate is relatively strong. The bromine market in Shandong Province has been producing under low load for a long time, with the source of goods being more tense, the long-term start of bromine enterprises is insufficient, the bromate production growth is slow, the market supply is relatively tight as a whole, and the downstream flame retardant and intermediate procurement is still available, which supports the bromine price. However, there is a conflict with the long-term rise of bromate, but the overall low price goods are difficult to find, and cannot accept high price Brom.

Raw materials: domestic sulfur market market is running stably temporarily, and refineries in various regions offer stable prices according to their own delivery conditions. At present, the domestic refinery inventory is low, traders enter the market on demand to purchase, and the external price is strong. The downstream phosphate fertilizer performance is stable, there is no intention of low price delivery in the spot market, and the buyer and the seller are mainly waiting. The sulfur market in the future is stable for a while, and the downstream follow-up situation is concerned.

Analysts of business society believe that the overall long-term supply of Brom is insufficient. Now, it is only acceptable for the downstream flame retardant and intermediate industries of brome to support, but they are resistant to high price bromate, but the low price is difficult to find. It is expected that the short-term high-level operation of bromine price will be completed, and the specific market demand in the downstream is seen.