since November 2016, prices rose aromatic products. According to the business community monitoring, aromatic products prices rise significantly, especially the hydrogenation of benzene to benzene or up to 81.81%, or 76.77%, toluene or up to 19.86%, a number of products rose up to 2016 highs.

At the end of November, the international crude oil prices rebounded again open commodity chemical industry a new round of uplink channel, especially for tighter supply of products brought up an opportunity.

Benzene prices rose with the hydrogenation of benzene

November 1st ~12 month 14 days, benzene prices rose 2350 yuan / ton, or 43.44%. this is pure price since May 2015 for the first time exceeded 6000 yuan / ton, but still tied outside and the price of the market, after the market offer highs.

The reason is mainly the following two points: In November, Sinopec listing price and the market price spreads gradually widened, the spot market supply is tight, the market without low supply, holding the goods to market speculation rising offer rising petrochemical price and the market price spreads widening, petrochemical price kept up space, listing price up regulation. Secondly, the outer benzene prices continue to rise, the domestic market price to stimulate the formation of benzene.

As the hydrogenation of benzene to benzene related products since November, prices also surged, the market price from 5370 yuan / ton rose to 7920 yuan / ton, just over a month, up 2550 yuan / ton, the overall increase of 47.49%. the reason is that on the one hand the industry losses, enterprise comprehensive hydrogenation of benzene the operating rate is not high, but the downstream just need not reduce, resulting in spot market shortage, natural Jan Huojin price; the other is benzene prices strong, the two spreads continued to widen, provide the price for the same reason for hydrogenation of benzene.

Strong pull up the soaring price of styrene toluene

Styrene industry chain prices strong pull up, showing strong momentum to rise on the downstream linkage. On the one hand, the downstream products of ABS, EPS, styrene butadiene rubber (19335105, 0.55%) prices rose more than 10%, stable manufacturers started, to form a stable support for the whole industry chain of styrene; on the other hand, the upstream product benzene styrene continued upward outside a certain extent to stimulate the domestic market and domestic market supply of benzene. Tight price is hard to find, the industry of bullish prices, Sinopec raised storage space, the listing price increase homeopathy. The linkage effects on the lower reaches of the whole industry chain to promote the styrene prices.

Since December, the domestic market was soaring prices, prices rose about toluene to 5850~5950 yuan / ton (tank), rose nearly 600 yuan / ton at the end of 11, also a record highs for the year. At present, the domestic port east toluene inventory changes less, inventories increased slightly, trading atmosphere light temporarily. When the traditional off-season demand, winter temperatures, based on the expected demand shrinking downstream industries such as paint, and near the end of the year, the factory based on clear expectations. From the supply perspective, the supply is relatively stable, holding the goods inventory cost gradually high, with very price mentality.

Aromatic market or welcome back

In the days before the meeting of the Huaian chemical enterprises and financial solutions online promotion and Jiangsu Thailand online trading platform + financial services supply chain solutions signing ceremony, according to Jiangsu Thailand biotechnology to reflect the current shortage of chemical market, short-term there is still upward momentum.

The chemical industry analysts believe that the international crude oil price shocks, the market fundamentals support high rise aromatics. Benzene, styrene, toluene and other product prices are different degrees of pull up, no strong positive fundamentals, but the external support higher, the domestic spot Kongpan fried up, electronic disk Bikong strong, is not short off-season. In addition to the downstream after a period of follow up digestion, though limited, but still within the scope of the bear. Near the end of the year, the supply is relatively stable, there is no demand upward trend, the next plate price or aromatics fell back, but fell less likely to continue to follow up, the fundamentals of product and environment influence.