1、 Price trend
| PVA 2699 |
According to the business club’s big list data, pure benzene continued to rise with styrene this week. On November 8, the listed price of pure benzene was 3590-3800 yuan / ton (the average price was 3710 yuan / ton); on this Sunday (November 15), the listed price of pure benzene was 3950-4050 yuan / ton (average 4020 yuan / ton), which was 310 yuan / ton or 8.36% higher than last week.
2、 Analysis and comment
Driven by the strong rise of styrene downstream, combined with the strong support of crude oil and external market wide rise, the price of pure benzene continued to rise this week. This week, Sinopec’s price of pure benzene was raised twice, from 250 yuan / ton to 4000 yuan / ton
On the external side, this week, the external market rose widely. On Friday (November 13), South Korea imported 553 US dollars / ton of pure benzene, an increase of 73 US dollars / ton, or 15.21%, compared with November 6; and that of East China was 564 US dollars / ton, up 77 US dollars / ton, or 15.81%.
In terms of crude oil, news on Monday that the new crown vaccine had new progress brought good, and the crude oil market price rose rapidly. Compared with November 6, Brent was up $3.485/barrel, or 9.1%, and WTI was up $2.91/barrel, or 7.76%. Compared with December 31, 2019, Brent decreased by 37.41%, and WTI decreased by 33.52%.
| POLYVINYL ALCOHOL |
Downstream: styrene continued to rise this week, rising strongly. On November 15, the price of styrene in Shandong was 8750 yuan / ton, up 1050 yuan / ton or 13.64% over last week.
Aniline Market is stable this week. On November 13, the price of aniline in Shandong was 6500-6700 yuan / ton, and that in Nanjing was 6700-6800 yuan / ton
3、 Future forecast
In terms of crude oil, there is no possibility of vaccine listing in the short term, and the impact on oil price gradually subsides. The market turns to worry about demand, and it is expected that the oil price will fall under pressure next week.
Styrene is basically oriented to the good, domestic and foreign demand is high, most of which are bullish in the short term. Pure benzene is expected to continue to maintain a high level and strengthen driven by styrene.
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