Tighter supply prompted prices to rise

Recently, ** and its downstream products have continued their strong performance. Prices of **, phenol, aniline and other products have risen to some extent. Among them, the price of ** rose by 3.7%; the price of phenol rose by 1.4%; the price of aniline rose by 3.8%.

Chang Yuzhi, a research fellow in the chemical industry of China Investment Advisors, pointed out that the recent increase in prices of ** and its downstream products was mainly due to the increase in prices of PetroChina and Sinopec. A few days ago, Sinopec Branch Offices successively raised the listing price of ** from RMB 200/tonne to RMB 8,400/tonne. This made merchants with **sources actively bullish and even reluctant to sell, which led to a rise in the price of ** and its downstream products.

According to relevant data, Sinopec has recently raised the factory price of **. The ex-factory prices of Sinopec Chemicals Sales Huadong Branch, Huazhong Branch, and South China Branch were all raised by RMB 200/tonne. Shanghai Petrochemical, Yangzi Petrochemical, Zhenhai Refinery, Luoyang Petrochemical, Wuhan Petrochemical, Changling Refinery, Maoming The petrochemical, Zhanjiang refinery, Hainan petrochemical, and Guangzhou petrochemical ** factory prices are all executed 8,400 yuan / ton.

Zhang Yanlin, research director of China Investment Consulting Co., Ltd. pointed out that the tight supply of the market is an important reason for the rise in prices. At present, some domestic refineries are in maintenance and repair status. The output of ** is limited. The ** inventory of related companies is low, while the downstream enterprises are more proactive in purchasing **, which makes the market supply of ** more tense, resulting in its The price rises. It is expected that the domestic ** price in the later period will continue to maintain high operating status.

The “Investment Analysis and Forecast Report of China's Basic Organic Chemicals Industry in 2011-2015” published by the China Investment Advisor shows that pure benzene is one of the important basic organic chemical raw materials and can be used for styrene, aniline, phenol, **, caprolactam The production of such products has a wide range of applications. However, because the supply and demand balance of pure benzene is relatively fragile, changes in its price are easily affected by downstream related industries.

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