Recently, crude oil and pure benzene have shown a slightly stronger overall performance, providing a certain degree of underlying support for styrene.
As downstream demand increases, supply pressure rises in North China, leading to widespread price hikes. Arbitrage opportunities from East China to North China emerge. Although port inventories rise slightly, the increase in vehicle pickups curbs the magnitude of inventory growth.
Recently, the foreign trade sector has been receiving a succession of positive news, successfully drawing numerous visits from international partners from countries such as Egypt, the UAE, Uzbekistan, Saudi Arabia, and others.
Last week, crude oil prices continued to rise, and coupled with the introduction of related economic policies, the overall market enthusiasm was further boosted. Toluene and xylenes increased simultaneously, leading to a decrease in low-priced resources in the market.
Supported by the raw material pure benzene, acetone prices remain relatively stable. Despite an increase in inventory in East China, the anticipation of reduced supply due to short-term shutdowns at factories in Yangzhou has weakened holders’ willingness to sell at low prices, leading to mostly firm quotes. However, there has been no significant improvement in downstream demand, with activities primarily focused on fulfilling contracts and orders.
The domestic capacity of benzene has increased. Driven by centralized procurement in Shandong, prices rose in the first half of the week, and the listed…
he rebound potential for crude oil is limited. Although the market dynamics for pure benzene are strengthening, in the short term, it is still primarily influenced by the trend of styrene.
This week, in the Central China region, the ethyl acetate production facilities underwent a unit switchover, halting the production of ethyl esters. This supply-side dynamic has led to an increase in auction premiums for ethyl esters in the North China region and price hikes by other major manufacturers. Currently, the ethyl ester market is stabilized, and with inventory levels being low at major manufacturers, prices remain relatively firm. It is expected that ethyl ester prices will experience a minor but steady increase.
The trend of toluene and xylene in East China shows an initial rise followed by a decline. On the refinery side, influenced by crude oil…
Under weak supply and demand for acetone, the overall market remains largely stagnant. However, the strength of raw material, pure benzene has led to a relatively optimistic outlook among holders, who are reluctant to sell at low prices. Additionally, procurement by downstream main factories provides support to the market.
Last week, the upstream operating rate of benzene increased, and the market supply increased, but a number of downstream devices recently started to drive, and the market actively purchased on bargains, coupled with the low rebound of crude oil, pushing the market transaction price up. At the same time, port inventories are at a high level, restraining the increase.
The price of ethyl acetate rose slightly at the beginning of last week, and the downstream demand side did not improve much, and the dealer premium bidding pushed up, coupled with the serious pick-up and scheduling plan of the factory in central China led to the relatively strong price. However, since last Wednesday, the price of ethyl ester has gradually dropped to the previous range, and it is expected that there is no significant change in supply and demand and raw materials this week, and the market is relatively stable.
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