The benzene market just started to warm up, and it was lost in an instant

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] News on March 2, 2009: The benzene market has turned warmer and the phenol market has gradually improved.
However, this situation has quickly disappeared.
The market began to fall.
According to experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), since February 2009, the market for pure benzene and its series products has been warming up steadily, and the warmth of spring is transmitted from pure benzene to the downstream chain.
The price of pure benzene rose by 23%, styrene rose by 20%, phenol rose by 19%, aniline rose by 15%, p-nitrochlorobenzene rose by 12%, o-nitrochlorobenzene rose by 45%, and the entire industry chain took the lead in entering the market steadily.
Warm spring.
The rising market of benzene series products this time is mainly affected by three favorable factors, and shows two major development trends: First, the international price of pure benzene continues to rise, which drives up the price of domestic pure benzene.
The global financial crisis last year was severely impacted.
The Asian FOB price in South Korea fell below US$280/ton, companies suffered large-scale losses, and countries restricted or suspended production.
my country's pure benzene industry is also deeply impacted by low prices, and prices have dropped.
In January 2009, international pure benzene was stabilized.
On January 31, the closing price of FOB Korea was 367.
5 US dollars/ton, showing obvious signs of market recovery; the market rose moderately in February.
The closing price of FOB Korea on the 14th has stood at $453/ton, an increase of 23%.
At the same time, domestic pure benzene has also raised its price for 5 consecutive times.
Sinopec raised its price to 3,700 yuan/ton on February 18, an increase of 23%, basically in line with the international level.

    The entire industrial chain is generally under-operated and limited in supply, which is the second major reason.
According to expert statistics from China Epoxy Resin Industry Association (www.
epoxy-e.
cn), since the global financial crisis, the operating rate of domestic pure benzene companies has gradually declined.
From October 2008 to January 2009, most of the coking Grade pure benzene enterprises were forced to stop production, and the operating rate of petroleum grade pure benzene manufacturers was only about 50%.
The main downstream consumer products such as styrene operating rate is less than 40%, while phenol is at 50% to 60%, aniline is at 20% to 30%, chlorobenzene is at 20%, and maleic anhydride is at 30%, and then downstream is extended to rubber additives, Dyes, pesticides, MDI, to nitroaniline, anisole, etc.
, the operating rate is between 20-40%.
Based on the operating status of the entire industry chain, it can be found that the inventories of various enterprises have been reduced to a minimum after several months of continuous digestion and the supply of goods is generally insufficient.
After February, the shortage of various chemical products began to appear in the entire benzene series industry chain.
Finally, downstream demand gradually recovered and steadily expanded.
In response to the crisis, countries have increased investment in infrastructure construction and formulated relevant policies to stimulate domestic demand, such as speeding up the construction of railways and other infrastructure, and increasing the export tax rebate rate of various chemical products, which has driven the chemical terminal consumption areas such as building materials, pesticides, and clothing.
The start of other industries has further increased the demand for benzene series chemical products.

    However, the pure benzene market quickly turned to the sidelines in the second half of the year.
The market remained thin and the transactions were thin.
Among them, the East China market remained at 3400-3450 yuan/ton, the South China market maintained at 3600-3700 yuan/ton, and the North China market remained stable at 3600-3700 yuan/ton.
The market fundamentals were relatively calm, and most of them wait and see.
limited.
In April, the Asian foreign exchange maintained at US$380.
5-382.
5/ton, in May it was maintained at US$385.
5-388.
5/ton, and in June it was maintained at US$390.
5-392.
5/ton FOB Korea.
At present, the Asian pure benzene market continues to decline, and imported goods continue to impact the domestic market.
The downstream market is recovering slowly, and the pure benzene market is mainly consolidating within a narrow range.
The domestic phenol price has also fallen to around 6000 yuan/ton, and the market continues to decline.
Under the mentality of "buying up and not buying down", downstream manufacturers tend to wait and see, consume a lot of raw material inventory, purchase enthusiasm is low, and the overall transaction volume Shrinking.
In the surrounding areas of Shandong, Central China, and Yanshan, the market prices have fallen significantly.
Due to the tight supply of the former futures sources and the large price increase, the price fall has also fallen more than other areas.
According to experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), with the overall decline in the market situation, the price of bisphenol A has also changed from rising to falling, and the transaction of 7,500 yuan/ton in the East China market will soon become Levels below 7200 yuan/ton, and continue to be bearish, and buyers are cautious in purchasing.

(Our reporter Zhong Huan)

Ben Wang 2007 enable the "Chinese epoxy net" new name retains "China Epoxy Resin Industry online" name
English name: E-www.