During the Spring Festival in February, Shandong’s civil gas market is in stages. The trend before and after the festival is different. Before the festival, the market is mainly weak, and after the festival, the market is on a short roller coaster. According to the data monitoring of the business society, the average price of LPG in Shandong market was 3676.67 yuan / ton on February 1 at the beginning of the month, and 3773.33 yuan / ton on February 28 at the end of the month. The overall price rose by 2.63% in February, and the maximum amplitude was 10.80%, up 8.12% from January 1.

As of February 26, the mainstream prices of LPG in various regions of China are as follows:

Specification ﹣ mode of transportation ﹣ region ﹣ mainstream quotation

Civil gas and automobile transportation in North China: 3760-3850 yuan / ton

Civil gas and automobile transportation in East China: RMB 3650-3770 / T

Civil gas and automobile transportation in South China: 3950-4180 yuan / ton

Civil gas and automobile transportation in Shandong Province: 3900-4100 yuan / ton

It can be seen from the data of business community that LPG fluctuated frequently in February, with a relatively large range. The whole can be divided into two stages before and after the Spring Festival. Before the festival, the overall trend of LPG civil market was weak, and all regions in China were in a downward trend, but there were some differences in the decline range. Shandong civil gas market prices fell significantly before the festival. On the 3rd, it began to decline continuously. Before the festival, due to the decline in transportation, the downstream replenishment has ended one after another, and they have withdrawn from the market to wait and see. The market demand is limited, and the transaction atmosphere is significantly lower than that in the early stage. However, the manufacturers’ demand for stock arrangement before the festival has not been fully completed, and the prices are continuously lowered for shipment. Most manufacturers adjust according to their own situation, and the overall weakness is the main.

After the festival, the LPG civil market took a short “roller coaster”, the price rose first and then fell, and warmed up again at the end of the month. After the holiday, the market as a whole rose to varying degrees, and the market rebounded. Shandong market actively pushed up from February 18 to 19, with an overall increase of 300-500 yuan / ton compared with that before the festival, with an increase of more than 10% in just two days. The main reason for the rise was that the rise of international crude oil was good for the civil gas market, and the demand for downstream storage and replenishment after the festival, which made the market atmosphere more positive, and the manufacturers’ mentality was strong, and the market was not stable Most of the regions actively pushed up.

However, the price rise was too short-lived and began to decline significantly on February 19. Due to the insufficient follow-up of terminal demand, the enthusiasm of downstream market entry has obviously weakened, the manufacturers’ shipment has been blocked, the inventory has gradually increased, and they have been forced to lower the ex factory price and give way to the profit for shipment. Shandong’s civil gas market fell significantly. Until the end of the month, driven by the rise of international crude oil, the market followed up again, and CP issued an expectation for the rise of reserves in March at the end of the month, which also brought certain benefits to the market. The price of civil gas stopped falling and rose slightly.

In February, the LPG futures market fell first and then rose, which brought phased support to the spot market. On February 26, the opening price of LPG futures contract 2104 was 4071, the highest price was 4092, the lowest price was 3964, the closing price was 4042, the former settlement price was 4068, the settlement price was 4016, down 26, or 0.64%. The trading volume was 146496, the position was 31220, and the daily increase was – 5300. (quotation unit: yuan / ton)

On the whole, the LPG civil market in February was greatly affected by the Spring Festival, with frequent overall fluctuations and large differences in the trend before and after the festival. At present, CP rose in March, and propane butane rose slightly, but due to the limited increase, the support to the market was limited. At present, the market supply is relatively sufficient, but the demand is weak. In March, with the warming weather, the demand is still expected to weaken. However, in February, driven by the rise of international crude oil, the whole energy sector rose more than fell less. It is expected that Shandong civil gas market will still rise in March, but the rise will be limited to a certain extent.

1、 Price trend

According to the data of business club’s block list, the price of pure benzene continued to push up this week, and the price returned to the level at the end of October 2018. On February 21, the price of pure benzene was 6100-6350 yuan / ton (the average price was 6150 yuan / ton); on this Sunday (February 28), the price of pure benzene was 6500-6850 yuan / ton (the average price was 6690 yuan / ton), which was 540 yuan / ton or 8.78% higher than that of last week, and 24.34% higher than that of last year.

2、 Analysis and comment

During the Spring Festival, affected by the severe cold weather in the United States, crude oil production capacity dropped sharply and cost support strengthened; some styrene plants in the United States stopped unscheduled and styrene in Europe and the United States rose sharply, driving the strength of pure benzene in the outer market. Domestic pure benzene was boosted, adding up the low inventory of enterprises, and the price continued to rise. This week continued good, prices continue to rise. In the middle of the week, the spot market of pure benzene fell slightly due to the drag of styrene futures price and the increase of market profit-making mentality. Near the weekend, pure benzene rose sharply in the US gold market, followed by Asia’s pure benzene, and Sinopec’s price rose, boosting the market. This week, Sinopec’s listed price of pure benzene increased by 600 yuan / ton to 6750 yuan / ton.

In terms of external market, the demand for pure benzene in Europe and the United States is relatively strong, and the external pure benzene continues to rise, supporting the domestic market at a high level. On Friday (February 26), the reference price of pure benzene in South Korea market was 897.67 US dollars / ton, up 96 US dollars / ton or 11.98% compared with February 19; the reference price of import in East China was 915 US dollars / ton, up 99.5 US dollars / ton or 12.2% compared with February 19.

In terms of crude oil, refineries with declining operating rate are gradually recovering due to severe cold weather, but some of the production capacity is still leaving the market, and crude oil fluctuates and rises. The market is waiting for the upcoming OPEC + meeting this week. On February 19, Brent rose $2.48/barrel, or 3.91%; WTI rose $0.7/barrel, or 1.16%.

Downstream: styrene: this week, styrene rose in shock. At present, the operating rate of styrene in China is 87.86%, which is at a medium to high level. However, the inventory pressure of production enterprises is not great. Last week, the main port in East China had an inventory of 168000 tons. On February 26, the price of sample enterprises was 9683.33 yuan / ton, up 850 yuan / ton or 10.88% from last week, and 44.53% from the same period last year.

Aniline: at the beginning of the week, the profit of last week continued to be good, and the price of aniline continued to rise, returning to the era of ten thousand yuan! With the release of good news, aniline Market Returns to a stable trend. Prices rose again over the weekend, boosted by costs. The main aniline plants in Shandong Province are expected to be overhauled and the supply is expected to decrease in the coming March; the downstream price is high, the profit is good and the demand for aniline is good. The market’s attitude towards aniline is not decreasing. On February 28, the price of aniline was 10700-10800 yuan / ton in Shandong and 10700 yuan / ton in Nanjing, up 11.99% from last week and 63.5% from the same period last year.

3、 Future forecast

In terms of crude oil, the market is worried that rising oil prices may prompt more crude oil supply to return to the market. Continue to pay attention to the upcoming OPEC + meeting and discuss the new production reduction agreement.

Downstream: at present, the overall trend of pure benzene downstream is relatively strong, inquiry and preparation are active, and pure benzene is well supported. Although the social inventory of downstream styrene is rising, the overall inventory is lower than the market expectation. In the near future, with the follow-up of market speculation and demand for just needed goods, it is expected that the port will start to go to the warehouse. At present, the fundamental support of styrene is still relatively strong, but it rises too fast, so we need to pay attention to the downstream acceptance. CNOOC’s new styrene plant will be commissioned in March, and SINOCHEM Hongrun’s new styrene plant will be commissioned in March.

Internationally, severe cold weather in the United States has brought short-term growth. With the resumption of supply of foreign plants, the trend of pure benzene is expected to ease, but the demand in Europe and the United States is still strong. Domestic, pure benzene port inventory continued to decline, Shandong refining inventory is not high, short-term supply is expected to be tight. In terms of downstream, the profit margin of downstream is wide, and there is a new downstream entrance in March in China, so there is a strong demand for pure benzene. Overall, the price of pure benzene still has room to rise. Continue to pay attention to the downstream procurement situation, domestic and foreign trends of pure benzene plants, crude oil, external market and styrene trend, etc.

Zinc price trend

According to the data monitoring of business news agency, the zinc price rose sharply in the short term after the festival. On the 18th and 19th, the zinc price rose by 1500 yuan / ton. After the surge, the zinc price returned to stable. The zinc price fluctuated and adjusted from the 20th to the 27th. On February 27th, the average price of zinc was 21746.67 yuan / ton, which was basically stable compared with the zinc price of 21750.00 yuan / ton on February 20th. The zinc market fluctuated and stabilized.

LME zinc price trend chart in February

According to the trend chart of LME zinc price in London, it can be seen that the overall LME zinc price rose sharply in February, which led to a sharp rise in domestic zinc price. However, since the end of February, the LME zinc price has fallen in shock, the rise of domestic zinc market has lost support, and the domestic zinc market has recovered from shock.

Trend of zinc concentrate processing fee

Name: Quotation (yuan / ton) median value (yuan / ton) rise and fall time

ZN50 imported zinc concentrate TC 290-330 310 0 2020 / 1 / 2

Pb50 domestic zinc concentrate TC 6100-6500 6300-2020 / 1 / 2

ZN50 Import Zinc Concentrate TC ﹥ 70-90 ﹥ 80 ﹥ 0 ﹥ 2020 / 12 / 1

ZN50 domestic zinc concentrate TC 4300-4500 4400 – 400 2020 / 12 / 1

ZN50 Import Zinc Concentrate TC ﹥ 70-90 ﹥ 80 ﹥ 0 ﹥ 2021 / 1 / 4

ZN50 domestic zinc concentrate TC 3900-4200-4050-350 2021 / 1 / 4

ZN50 Import Zinc Concentrate TC ﹥ 60-80 ﹥ 70 – 10 ﹥ 2021 / 2 / 1

ZN50 domestic zinc concentrate TC 3900-4200 4050 2021 / 2 / 1

It can be seen from the statistical table of zinc concentrate processing fee that the zinc concentrate processing fee will drop from 6300 yuan / ton to 4400 yuan / ton in 2020, and the zinc concentrate processing fee will drop sharply. From January to February in 2021, the zinc concentrate processing fee will continue to drop, but the downward trend will slow down, and the zinc concentrate processing fee will stabilize obviously. In February 2021, the mines will stop production and the supply of zinc ore will decrease. The domestic refined zinc output will decline seasonally in February. With the end of the Spring Festival holiday, the mines will gradually resume mining in March, and the smelters will gradually resume work in the same period. After mining, the zinc concentrate products will still need a certain production and transportation cycle to enter the market. Therefore, the domestic zinc concentrate supply will continue to be tight until the middle of March. Domestic refined zinc production is expected to recover in March. The continuous recovery of zinc concentrate processing fees is not conducive to the growth of zinc concentrate production. The insufficient zinc concentrate production is a drag on the zinc ingot production. The reduction of zinc ingot production is obviously beneficial to the rise of zinc price, and the future zinc price has a greater driving force.

Zinc market demand forecast

With the end of the Spring Festival holiday and the improvement of terminal construction, the market is relatively optimistic about the recovery of consumption after the festival, and the demand of zinc market is expected to be expected. It is expected that zinc ingot inventory will enter the stage of rapid destocking in March. Demand is expected to rise, zinc City inventory decline, short supply market aggravation, future zinc ingot rising momentum.

Analysis summary and Prospect

Bai Jiaxin, an analyst of business news agency, believes that: the continuous rise of zinc price in LME market in February has a greater supporting effect on the rise of domestic zinc market, but with the shock adjustment of zinc price in LME market, the domestic zinc price weakens with the support; the continuous decline of zinc concentrate processing fee drags down the growth of zinc ingot output, zinc ingot supply decreases, and the support for zinc price increases; with the end of the Spring Festival holiday and the improvement of terminal start-up, the domestic zinc price decreases The market is relatively optimistic about the recovery of zinc consumption after the festival, and the demand of zinc market is expected. It is expected that zinc ingot inventory will enter the stage of rapid destocking in March, and the supply of zinc market is slightly insufficient. Generally speaking, the demand of zinc market is expected to grow, but the improvement of supply is limited, the market of short supply is intensified, the zinc market is basically good, and the rising power of zinc price is increased. It is expected that the zinc price will rise in the future.

1、 Price trend

According to the data monitored by the business community, on February 25, the domestic price of carbon black was 7500 yuan / ton, with a slight fluctuation. The price fluctuation range was 100-300 yuan / ton, and this month’s carbon black market was mainly volatile.

2、 Market analysis

Before the Spring Festival, most rubber products enterprises have limited stock before the festival. After the festival, new orders will be purchased, and the demand for carbon black will increase. In the short term, as the orders of carbon black enterprises are still sufficient and the market profit is high, the operating rate of carbon black market will continue to maintain a high level. After the majority of carbon black enterprises returned to the market during the Spring Festival holiday, 50% of the carbon black enterprises started higher than before the festival, and 46% of the carbon black enterprises basically recovered to the pre Festival level, and the carbon black market started at a high level.

As of February 18, the operating rate of carbon black sample enterprises was 74.76%, 6.81% higher than that of February 10. The recent rise of coal tar price has formed a certain support for the cost of carbon black, which is good for the price mentality of the industry, but the impact is limited; The downstream tire and rubber products enterprises have resumed work one after another, the rubber tube industry has high profits and tight goods, and the domestic demand for tires is improving. However, the tire manufacturers in Shandong’s main production areas are not quick to digest the carbon black before the festival, resulting in the phenomenon of carbon black truck unloading and detention. Although the recovery of tire enterprises is good,

Downstream auto sales continue to recover

Carbon black is an indispensable raw material for rubber industry. Because carbon black can improve the wear resistance of tire tread, greatly increase the mileage of tire, and also improve the tensile strength and tear strength of rubber compound, carbon black is widely used in manufacturing various types of tires and other rubber products. In the downstream of carbon black, the demand for tires accounted for 70%, other rubber products accounted for 25%, and non rubber products accounted for 5%.

Affected by the epidemic situation, in the first half of 2020, the sales volume of automobiles decreased significantly, the supply and demand of carbon black industry continued to deteriorate, and the domestic carbon black operating rate dropped to 45% in June. With the effective control of the epidemic situation in China, the operating rate of the carbon black industry has gradually increased, and has now returned to the level above that of the same period in 2019, driven by the improvement of downstream automobile demand and overseas single transfer.

Carbon black enters profit recovery period

In addition, from the profit changes of carbon black enterprises, the current market price of carbon black is higher than that of the same period last year, while the price of coal tar, an important raw material in the upstream, is lower than that of last year. Therefore, with the increase of the price difference between carbon black and coal tar, carbon black enterprises have entered the profit recovery period, and the performance can be released!

3、 Future forecast

In addition to the continuous recovery of the domestic automobile industry, the demand for tires is guaranteed, which strongly supports the demand for carbon black. Under the influence of the epidemic, the export orders of domestic tire factories are also large, and the demand for upstream carbon black continues to increase. At present, the supply and demand pattern of carbon black industry is gradually tightening. It is expected that the price of carbon black will be further raised!

Spot market: after the Spring Festival, a number of pure polyester yarn enterprises raise prices, “up” sound. According to the test data of the business club, as of February 25, the quotation of Weifang runfengda textile pure polyester yarn has risen sharply, with the quotation of 32S pure polyester yarn of 15000 yuan / ton, which is 1000 yuan / ton higher than that before the Spring Festival; the quotation of Weifang Guanjie textile pure polyester yarn has risen sharply, with the quotation of 32S pure polyester yarn of 15000 yuan / ton, which is 1000 yuan / ton higher than that before the Spring Festival; the quotation of Weifang Honghua textile pure polyester yarn has risen slightly, with the quotation of 32S pure polyester yarn rising slightly The price is 14800 yuan / ton, which is 300 yuan / ton higher than that before the Spring Festival; Nantong Suzhong textile continuously increased its quotation in February, and the quotation of 32S pure polyester yarn reached 15000 yuan / ton by the 25th, which is 1200 yuan / ton higher than that in January; Gaoyi Delida textile also increased its quotation continuously, which is 1100 yuan / ton higher than that before the Spring Festival.

Upstream polyester staple fiber: futures situation. After the Spring Festival, the staple fiber futures market rose well. As of February 25, the staple fiber main contract hit the trading limit, up 6% to 8526 yuan / ton, reaching a new high since listing. Spot prices, 1.4d polyester staple fiber in Jiangsu, Zhejiang, Fujian, Shandong and other places generally increased to 7300-7400 yuan / ton. At present, the production and sales of polyester staple fiber are 215% and 157% respectively, and the product inventory has dropped to – 5 days, which is significantly lower than that of the same period in previous years. Polyester short-term benefits exceeded 1000 yuan / ton.

Downstream demand: the terminal market returns to work orderly after the festival, and the return time is earlier than the scheduled time. As of February 25, the comprehensive operating rate of chemical fiber weaving in Jiangsu and Zhejiang has increased to more than 48%, and the weaving industry is expected to return to normal operation in early March. At present, the raw materials are rising rapidly, which aggravates the market risk. Therefore, the downstream companies are cautious about the market and make more inquiries, but they are still hesitant to place orders, and the orders have not improved significantly. However, the textile peak season in March and April is coming. Although the textile peak season in the first half of last year basically disappeared due to the epidemic, the peak season in March and April in any previous year will promote the textile market to a certain extent. This year, the domestic epidemic has been under control, and the overseas epidemic has gradually ushered in an inflection point. The worst time of the textile market has passed, and the peak season of the first half of this year will surely come.

Suggestions: before the Spring Festival, the yarn inventory is relatively low, and the yarn price can be adjusted rapidly with the fluctuation of polyester staple fiber, which can minimize the risk; the number of unfinished and undelivered orders before the Spring Festival is not large, and the impact of yarn price adjustment on medium and long line orders is limited; the capital flow of yarn mills is relatively abundant, and the operation pressure from March to April is not prominent, so it can receive orders for downstream weaving enterprises, garment factories and terminals Set aside enough time for acceptance and digestion to pave the way for the smooth rise of yarn price. Future recommendations continue to focus on the impact of raw material prices and downstream demand.

According to the price monitoring of business association, the market price of lithium carbonate in East China continued to rise in February 2021. As of February 24, the average price of industrial grade lithium carbonate in East China was 76400 yuan / ton, up 11.37% compared with the average price at the beginning of the month (the average price of industrial grade lithium carbonate in East China was 68600 yuan / ton on February 1). On February 24, the average price of battery grade lithium carbonate in East China was 81600 yuan / ton, which increased by 12.09% compared with the average price at the beginning of the month (the average price of carbon in East China was 72800 yuan / ton on February 1). Until the 24th, the comprehensive price of industrial grade lithium carbonate was 73000-80000 yuan / ton, and that of battery grade lithium carbonate was 76000-85000 yuan / ton.

By observing the market changes, the prices of industrial carbon and electric carbon continue to rise this month. Although the Spring Festival holiday is in the middle of this month, the price is stable for the time being, but the price rise trend before and after the Spring Festival holiday is still gratifying. Before the Spring Festival holiday, large lithium salt factories in Jiangxi and Sichuan have stopped production one after another, and most lithium salt factories have stopped quoting, but the price is still in the state of market-oriented and continues to rise. In addition, there are many logistics stoppages, which will greatly increase the transportation cost in the near future and drive the overall price up.

With the end of the Spring Festival holiday, the market sales of lithium carbonate began to recover, the operating rate of downstream enterprises continued to increase, and the market demand has also been greatly improved. In February, lithium carbonate enterprises had more maintenance and took a longer time, which would also have a certain impact on the production and supply in February, which made the prices of lithium carbonate enterprises rise to varying degrees after the holidays.

After the festival, the price of downstream lithium hydroxide is rising. At present, the domestic spot is relatively tight, the market demand is increasing, and the rising price of lithium carbonate also plays a leading role in the upward price of lithium hydroxide. On the other hand, the price of LiFePO4 power market has increased in a wide range. At present, the purchasing of raw materials is cautious, the market is bullish, and new orders have increased, but most of them are contract customers.

According to the lithium carbonate analysts of business news agency, at present, the spot volume of lithium carbonate market is relatively stable. However, due to the rising price, it is reluctant to sell, and the continuous favorable demand of downstream market, it is expected that the price of lithium carbonate will rise in the short term.

According to the price monitoring of the business association, as of February 23, 2021, the average ex factory price of 1.2D * 38mm viscose staple fiber in China was 13816 yuan / ton, up 7.11% from the beginning of February. From the beginning of January 2021, the domestic viscose staple fiber price continued to rise, to the recent straight-line rise in prices. Chemical fiber factories have enough orders and report high.

Market of wood pulp and cotton linter

According to the data monitoring of the business news agency: with the end of the Spring Festival holiday, the market operating rate recovered, downstream stock and other factors, the demand side increased, and the price of domestic pulp continued to rise; on February 22, the average market price of softwood pulp in Shandong was 6812.5 yuan / ton, up 300 yuan / ton compared with that before the festival.

Since December, the supply of cotton linter has been reduced, and the production and sales of downstream chemical fiber plants and refined cotton plants have increased. Cotton linter due to rising costs, less volume, cotton linter partial price has improved, cotton linter overall stable bullish.

Downstream cotton yarn Market

The price of rayon yarn continued to rise due to the cost, and the transaction performance was good. As of February 22, according to the data monitoring of the business society, orders increased after the festival, and the quotations of rayon yarn manufacturers increased significantly. The average ex factory price of 30s rayon yarn in Shandong was 19000 yuan / ton.

Future forecast

The price of viscose staple fiber continues to rise. With the help of the whole industrial chain, some buyers chase up and buy. After the downstream mills return to work, they also need to replenish. At present, the demand gap is large, and the factory inventory is low, so the price will continue to be strong.

1、 Price trend

This week, the ex factory price of urea in Shandong Province rose from 2143.33 yuan / ton at the beginning of the week to 2176.67 yuan / ton at the end of the week, with an increase of 1.56%, 29.56% over the same period last year. Overall, the urea market rose this week, with the urea commodity index at 101.24 on February 21.

2、 Market analysis

From the manufacturer’s quotation, the mainstream factory price of urea in Shandong rose this week. Yangmei plain urea quoted 2200 yuan / ton this weekend, up 20 yuan / ton compared with the beginning of the week; Shandong Ruixing urea quoted 2160 yuan / ton this weekend, up 40 yuan / ton compared with the beginning of the week; Mingshui chemical urea quoted 2170 yuan / ton this weekend, up 40 yuan / ton compared with the beginning of the week.

On the demand side: the agricultural demand started gradually, the willingness of terminal procurement gradually increased, and the agricultural procurement in mainstream areas was cautious; the starting load of downstream compound fertilizer and rubber plate plants increased, and some downstream products were still cautious, most of them were market-oriented, and there was demand potential in the later industry. Supply side: on the supply side, at present, the operating rate of urea enterprises is about 72.5%, and the daily output is about 159000 tons. The manufacturers have little pressure on shipping. With the gradual recovery of logistics and transportation, the inventory accumulated during the festival is also declining.

From the data of upstream and downstream industry chain, the upstream products of urea fell slightly this week as a whole: the price of liquefied natural gas fell greatly, from 3000.00 yuan / ton at the beginning of the week to 2900.00 yuan / ton at the end of the week, with a decrease of 3.33%, 5.23% compared with the same period last year; the price of liquid ammonia fell slightly this week, from 3316.67 yuan / ton at the beginning of the week to 3300.00 yuan / ton at the end of the week, with a decrease of 0.05% 50%, up 29.24% over the same period last year. This week, the price of melamine in the lower reaches of urea was temporarily stable, at 7200.00 yuan / ton, up 21.35% compared with the same period last year. Overall, urea cost support is weak this week.

3、 Future forecast

In late February, the urea market in Shandong may fluctuate slightly. Urea analysts of business news agency believe that at present, the agricultural demand is gradually increasing, the industrial demand is better, the urea supply is increasing, the international urea price is rising, and the domestic urea market is expected to rise slightly in the short term.

Before and after the Spring Festival, Sinopec’s listed price of pure benzene was increased twice, with a total increase of 650 yuan / ton. After the adjustment, RMB 5800 / T will be implemented, of which RMB 5750 / T will be implemented by Qilu Petrochemical Co., Ltd., and RMB 800 / T will be increased in February.

Price fluctuation of domestic main hydrobenzene market before and after Spring Festival in February 2021 (unit: yuan / ton)

Region, 1-day price, 5-day price, 8-day price, 19 day price, up and down this month

East China, 4650-48005100-52005300-54005850-5950, + 1175

In Shandong Province, 4050-41004900-51004900-51005800-5900, + 1775

In February 2021, the market price of hydrobenzene in East China rose to 5350 yuan / ton before the festival and 5900 yuan / ton after the festival. During the Spring Festival, the price rose by 550 yuan / ton, with a cumulative rise of 1175 yuan / ton this month.

During the Spring Festival holiday, affected by the historical extremely cold weather in the United States, the crude oil production in the United States is expected to drop by more than 40%, and the international oil price rises accordingly. A number of pure benzene plants in the United States were also affected by the bad weather and stopped unscheduled. During the holidays, the pure benzene external market and downstream styrene external market rose sharply. Under the macro favorable blessing, the main domestic traders and petrochemical enterprises have followed the rise after the opening of the festival, and the market price has increased significantly. On the 18th, the domestic chemical futures market made a good start, with pure benzene and styrene, the main downstream product, rising by more than 14%. Immediately, Sinopec raised the price of pure benzene by 400 yuan / ton, and implemented 5800 yuan / ton. As an alternative product of pure benzene, downstream hydrogenated benzene basically keeps the same trend with pure benzene. After the opening of the festival, the market of hydrogenated benzene keeps rising, with an increase of over 10%.

In terms of crude benzene, the market gradually returned to normal after the festival. However, as orders were signed at the beginning of February until the 23rd and 24th of the end of the month, the current market price remained stable. However, the price of pure benzene is still expected to rise, and the downstream hydrobenzene enterprises have better profits, higher prices and better demand for crude benzene. It is expected that the price of a new round of bidding on the 23rd will rise significantly.

In the future, the business news agency believes that the current international oil price is still expected to rise due to the bad weather in the United States, and the trend of pure benzene is good in the external market. The macro positive factors support the downstream product hydrogenated benzene, which is mainly bullish in the future. It is expected that the price will rise sharply after the festival, and the future trend will continue to be high.

The first day after the festival, the domestic BDO market rose sharply. According to the sample data monitored by the business association, as of February 19, the average producer price of domestic BDO was 19425 yuan / ton, with a month on month increase of 48.00% and a year-on-year increase of 95.23%.

The domestic BDO market continues to rise. At present, the supply side of the market is still tight, manufacturers are reluctant to sell, and the offer is high-end. The bidding price was 22000-22050 yuan / ton, which boosted the confidence of the industry and stimulated the pursuit mentality of the middle and lower reaches. The market center of gravity rose sharply.

In terms of equipment, great wall energy takes turns to replace the catalyst. I heard that Xinye is expected to stop for five days around February 15 due to the difficulty of hydrogen supply.

The current factory strong offer, tight supply situation continues. BDO business analysts expect that the domestic BDO market in the short term high volatility.