Pure benzene: a fall from a high level is expected to stabilize

Recently, the domestic pure benzene market has fallen from a high level

"Based on the current state of business operations, petroleum benzene and hydrogenated benzene can still maintain a balance of supply and demand, as well as support from the external market, and rigid demand for procurement by downstream industries.

Supply and demand are still in balance

According to statistics from Henan Chemical Network, as of November 26, the overall operating rate of domestic petroleum benzene plants was 79%, an increase of 2% from the beginning of the month; the overall operating rate of hydrogenated benzene plants was 48%, a decrease of about 10% from the beginning of the month

Wei Jianyang said that judging from the existing upstream and downstream supply and demand data, the current balance of production and demand has not yet been broken, but after the market reaches a high level, transactions begin to shrink, and there is room for digestion of the false high

Outer disk is still high

First-line market data show that as of November 26, the closing price of pure benzene CFR China was 900 US dollars, equivalent to about 6,682 yuan, which was still higher than the domestic average transaction price

According to Luo Chengcen, a Liaoning trader, on the evening of November 23, the White House issued a statement stating that the U.

Downstream storage rigid demand

Senior market commentator Shao Huiwen said that although the main product market downstream of the pure benzene industry chain is also in a downward trend recently, more than 90% of the products are still profitable

In addition, in December, the two new styrene plants of Yantai Wanhua and Shandong Lihuayi were put into use.

However, there are also industry insiders who hold a cautious view