Vertical Spray Bidet,Bidet Toilet Faucet,Bathroom Bidet Faucet,Single Hole Bidet Faucet Kaiping City Yibiao Sanitary Ware Co., Ltd. , https://www.faucetsaoli.com
Asian pure benzene market:
Last week, the Asian pure benzene spot market was reviewed. Last week, the Asian pure benzene market was stable. At the beginning of the opening, the general benzene shippers in October talked about the price of 1120-1140 USD/ton FOB Korea due to the international crude oil market fluctuations. Uncertain market sentiment, afterwards, buyers and sellers have similar intentions, to 1125-1135 US dollars / ton FOB South Korea, it is reported that a single October cargo shipments at any time in 1130 US dollars / ton FOB South Korea's price transactions. On Tuesday, the market fell overcast. After the prices of pure benzene cargoes were both sold at US$1,130/tonne fob Korea in October, the value of benzene in October was slightly decreased to US$1125-1130/tonne FOB Korea. The prices of the two transactions were US$1128/ton FOB Korea and US$1130/ton FOB Korea respectively. On Wednesday, market conditions rebounded slightly. Due to the rebound in the benzene market in the Gulf region, the seller’s price rose to US$1150/ton FOB Korea, and the average buyer’s intention remained at US$1130/ton FOB Korea’s price level. The intention of buyers and sellers was close to US$1135-1145/ton FOB Korea, and transactions were reached at USD 1135/ton FOB Korea. The market closed at 1130-1135 USD/ton FOB Korea. On Thursday, the market price rose sharply by US$30/tonne. Since the seller’s intention is firm, it is not intended to be sold at a price of US$1150/ton FOB Korea. Therefore, the buyer’s intention to increase from US$1135/ton FOB Korea to US$1140/ton FOB In South Korea, although the market talks are scarce, there are still buyers cautiously raising the bid to US$1150/ton FOB Korea, but at this time, the average seller’s price has risen to 1155-1160 USD/ton FOB Korea, and then the European benzene market. With the soaring prices, the Asian pure benzene spot market generally rose to 1160-1165 USD/ton FOB Korea in 9/10, and no actual transaction was reached. On Friday, the market continued to climb, rising by $15-20/t, and the average benzene shipment opened for negotiations to increase the price to $1,180-1,200/t FOB Korea, a buyer's bid price rose to $1,190/t FOB Korea. , There are sellers to pick up the plate. Afterwards, the spot market price was consolidating at the price range of USD 1180-1200/tonne FOB Korea, and the atmosphere in the later period was cooling down. A seller’s quotation of US$1180/ton FOB Korea for October shipment of pure benzene did not arouse the interest of the buyers, and finally it was 1175- US$1185/tonne FOB Korea ended the week's deal.
Entered this week, the market fell on Monday, the general benzene shippers in October talked about the price fell to 1155-1170 US dollars / ton FOB Korea, the market wait and see atmosphere is heavier, negotiate sparsely, until a buyer intends to price rise to 1165 US dollars / Ton FOB Korea, there are sellers to take over. Therefore, the general benzene cargo in October is estimated to be 1160-1170 US dollars / ton FOB Korea.
In respect of the contract, July 25th, Xinshi Stone announced the introduction of benzene contract price in August, which was US$1350/ton CFR. On August 1st, the new shinmeishi August benzene contract settlement price was issued at US$ 1285/ Ton CFR, reduced by US$40/tonne compared to the July settlement.
U.S. pure benzene market:
Last week, the US market of pure benzene spot market was reviewed. On Monday, the market opened flatly. The volatility of the oil price made the market mentality unstable. The buyers and sellers had a wide gap of intention, which was 420-430 cents/gallon (August) and 408-415 cents. / Gallon (September), It is reported that a single August shipment was traded at a price of 425 US cents/gal DDP. On Tuesday, the international crude oil market improved. The benzene market in the Gulf region of the United States was supported. In general, the price of pure benzene cargoes rose to 420-425 cents/gallon DDP in September. At the same time, the average buyer’s intention rose to 410-415 cents. Gallon, it is reported that a single September cargo was traded at the price of 415 cents/gallon DDP. Therefore, the general benzene shipment estimate in September rose to 415-420 cents/gallon DDP and 425-430 cents/gal FOB. On Wednesday, the consolidation of benzene market started at the beginning of the opening. Since the oil data was not optimistic, the general benzene cargo valuation was reduced to 407-417 cents/gallon DDP in September. Afterwards, due to the recovery of the commodity market, the market sentiment was stabilized. There was a rise, but no substantial transactions were achieved in the fluctuations of the market. The market closed at 415-425 cents/gallon DDP and 425-435 cents/gallon FOB (September) and 400-410 cents/gallon (October). On Thursday, oil prices rebounded and US Bay's pure benzene market conditions strengthened. Buyers' intention to increase prices was first raised, but sellers remained on the wait-and-see line and waited for further advances in the market. In September, the price of benzene cargoes rose to 455 cents/gallon FOB. 440 cents/gallon DDP, buyers are interested in prices of 435-440 cents/gallon FOB and 430 cents/gallon DDP, October shipments, generally negotiated at 422-426 cents/gallon DDP and 425-435 cents /gallon FOB, however, no actual deal was reached. On Friday, although international oil prices fell, due to the good demand for spot cargoes in the spot market of pure benzene in the Gulf region of the United States, prices remained stable for a time. It is reported that the price of pure benzene in a single August was 458 US cents/gallon FOB. A single September shipment was transacted at a price of 445 cents/gallon FOB. Later, there were Benzane shipments in August and September, with prices of 457,455 cents/gallon FOB and 430 cents/gallon DDP. . The week ended with a price of 445-455 cents/gal FOB (August) and 430-435 cents/gallon DDP and 440-450 cents/gal FOB (September).
Into this week, the market continued its good demand atmosphere at the end of last week, and the market price steadily increased. Several benzene cargoes were sold in September at prices of 437 cents/gallon DDP and 455 cents/gallon FOB. Therefore, the general In September, the value of pure benzene shipments rose slightly to 450-460 cents/gallon FOB and 432-438 cents/gallon DDP. The nominal price of pure benzene cargo in October was 420-430 cents/gallon FOB.
In respect of the contract, on August 25, the price of benzene contracted goods for the first time in the US Gulf region was introduced in September, at 460 cents per gallon. This was an increase of 15 cents/gallon over the 445 US cents/gallon contract settlement price in the United States.
Western Nordic pure benzene market:
The recent Northwestern European pure benzene spot market transaction review, opened on Monday, the European market for pure benzene stable, the beginning of the opening, generally in August/September benzene shippers talk about the price of 1180-1200 US dollars / ton CIF ARA, due to buyers wait and see The general offer was slightly reduced to 1190-1195 US dollars / ton CIF ARA, it is reported that a single August shipment of benzene cargo in the 1190 US dollars / ton CIF ARA price transactions, so the general 8/9 Benz cargo was valued at 1185 - $1190/t CIF ARA and $1180-1190/t CIF ARA. On Tuesday, international oil prices were turbulent, the European market for pure benzene fell, and the general buyer’s intention was reduced to US$1,175/ton CIF ARA. In a single August, the cargo was sold at a price of US$1180/ton CIF ARA. After that, the general benzene cargo The negotiation price dropped to 1170-1185 USD/ton CIF ARA, and the general cargo was sold at the price of 1170 USD/ton CIF ARA in August. Therefore, the general benzene cargo valuation was reduced to 1170-1180 USD/ton CIF in August/September. ARA. On Wednesday, market conditions fluctuate with international oil prices. Generally, sellers offered US$1,190-1,200/t CIF ARA to find buyers. In the price range of US$1185-1,190/t CIF ARA, there were multiple shipments of goods in August. Ships were sold at 1190 in September. USD 1195/ton CIF ARA price was dealt, after which the seller’s price was raised to USD 1215/ton CIF ARA, and the follow-up to the September shipment of pure benzene cargo was at USD 1200-1205/ton CIF ARA, along with US oil data With regard to the introduction, market sentiment has been affected and both buyers and sellers have reduced their intentions. In general, pure benzene cargoes were valued at US$1,180-1,200/ton CIF ARA in September. On Thursday, the international oil market improved, and the European market for pure benzene rose sharply. The average buyer offered US$1210-1220/ton CIF ARA for cargo in September. It is reported that there are multiple prices for the CIF ARA at US$1220/tonne. During the month when benzene cargo was sold, the market trading activity was very active. The general quotation rose to US$1300/ton CIF ARA. Buyers’ intentions rose to US$1240/ton CIF ARA. It is reported that there was a single August sale of goods at US$1260/ton CIF ARA. Therefore, in general, the benzene shipment estimate for August/September rose to 1260-1285 USD/t CIF ARA. On Friday, oil prices oscillated and the European market for pure benzene went down. Although sellers tried to maintain a higher bid of CIF ARA of US$1280/tonne, general benzene shipment prices in September were around US$1,250/ton CIF ARA. The wait-and-see sentiment between buyers and sellers gradually rose and ended the week's trading at the price of US$1245-1260/ton CIF ARA.
Into this week, Monday, the European market of pure benzene to follow the oil market to regain its upward trend, the general shipping price in September in September to talk about the price of 1245-1260 US dollars / ton CIF ARA, it is learned that two consecutive September shipment of pure benzene cargo The price of 1250 and 1253 US dollars/t CIF ARA was traded. After that, the buyers and sellers both showed an increase in intentions, but no substantial transactions were achieved. Generally, the value of pure benzene cargo in September rose to 1255-1265 U.S. dollars per ton CIF ARA.
As for the contract, on July 31, the contract price of pure benzene in August in North-western Europe was introduced at the price of EUR 900/t FD in Western Europe, which was increased by 60 EUR/t compared with the contract price in July. According to the euro exchange rate of 1.56 against the US dollar, it is approximately $ 1,403 per ton CIF Netherlands.
Domestic pure benzene market:
Last week, the domestic market of pure benzene was consolidating at a low level. Review of specific transactions, the opening price on Monday, the domestic pure benzene market price was 9300-9400 yuan/ton, most of the potential buyers left the market and the spot market negotiations were in a stagnant state. On Tuesday, due to the extremely weak market demand, the domestic market for pure benzene stalled, and the nominal price of the domestic pure benzene spot market temporarily stabilized at 9300-9400 yuan/ton, and there was no actual transaction. On Wednesday, market conditions continued to remain flat. Due to the lack of clear buying intentions from buyers, the market did not make any progress. The spot market price continued to be at the level of 9300-9400 yuan/ton. On Thursday, the market continued to consolidate and the overall market was light. On Friday, the volatility of the benzene external disk market did not affect the trend of the domestic pure benzene market. The price quoted in the mainstream market of East China pure benzene continued to maintain the price level of 9,400 yuan/ton. The general buyer’s intention price was 9300 yuan/ton, domestic pure benzene. The market ended the week's deal in a situation where there was "no price and no market". Into this week, the market conditions on Monday were dull. For the pure benzene cargoes that were priced at 9,400 yuan/ton in the spot market, potential buyers continued to wait and see without actual transactions.
Upstream raw materials:
The recent low crude oil price fluctuations, Brent crude oil spot price rose from 108 US dollars / barrel on August 18 to 111.101 US dollars / barrel on the 25th, up 3.11 US dollars / barrel; WTI crude oil spot price by 113 US dollars / barrel on August 18. It rose to 114.810 yuan/barrel on the 25th, up 1.810 US dollars/barrel.
In the recent week, the Asian naphtha market price started from the closing price of 1002 USD/ton CFR Japan on August 18 and has been fluctuating. On the 25th, it closed at 1001 USD/ton CFR Japan, and fell 1 USD/week in the week. Ton. At the end of last week, it hit a high of 1039 U.S. dollars per tonne CFR Japan.
The recent Asian naphtha market prices fluctuate around USD 1000/ton CFR Japan. The current market situation is that there is ample supply of spot cargoes due to the naphtha arbitrage cargoes from Europe and the naphtha export cargoes from India. Not surprisingly, many companies in India have tendered naphtha for shipment in September, reflecting the current bear market atmosphere. There are still uncertain factors in the post-market. First, the demand of end-users in the fourth quarter, lower cracking profits may pressure petrochemical plants to consider lowering the operating rate in the fourth quarter. If downstream demand is poor, naphtha demand will also be reduced. Second, the high oil tanker freight rate may lead to a reduction in the supply of naphtha arbitrage ships from the West in October.
Downstream styrene market:
Last week, the styrene market in Asia fluctuates. The trading situation is reviewed. On Monday, the styrene market in Asia fell slightly by US$5 per ton at the beginning of the opening. At the beginning of the opening, the general styrene shipbuilder discussed the price at US$1450-1500/tonne FOB Korea. Afterwards, buyers and sellers had similar intentions to USD 1475-1490/ton FOB Korea. It is reported that in the second half of September, styrene cargo was sold at US$1475/ton FOB Korea, and the price of BYD sty The mainstream price of goods in September was between 1,490 and 1501 US dollars per ton CFR China. The domestic styrene market price was 11900-11950 yuan per ton. On Tuesday, the market conditions were slightly down. Generally, in the second half of September, styrene cargoes were valued at 1460-1480 USD/ton FOB Korea. In October, the goods had a premium of US$10/ton, and then there were nine US$1/tons FOB Korea prices. Monthly cargo turnover, therefore, generally 9/10 month styrene cargo valuation is 1465-1470 US dollars / ton FOB South Korea and 1470-1480 US dollars / ton FOB South Korea. Near-ocean cargo prices rose steadily. Estimates for shipments in the first half of September rose to 1510-1520 US$/ton CFR China. The mainstream canning price in the domestic styrene market rose to 12100-12200 yuan/ton. On Wednesday, the market consolidation, FOB Korea styrene cargo valuation was 1470-1490 US dollars / ton FOB Korea, the ocean cargo market continued to rise, the first half of September shipment price rose to 1520-1530 US dollars / ton CFR China, The general buyer's intention also rose to 1505-1510 US dollars / ton CFR China, but there is no actual transaction. Driven by the rise in the market for styrene outer disk, the mainstream price of styrene in the East China market has increased to 12400-12500 yuan/ton. On Thursday, the market conditions continued to consolidate. Generally, spot cargo prices stabilized at 1470-1490 USD/ton FOB Korea. Market sentiment has gradually increased. After a few days of immeasurable skyrocketing cargo prices, the market price fell slightly, to 1510-1520 US dollars / ton CFR China, the domestic market price synchronized down to 12300-12400 yuan / ton. On Friday, market conditions rose steadily, generally 9/10 month styrene shippers talked about the price of 1470-15010 US dollars / ton FOB South Korea and 1480-1520 US dollars / ton FOB Korea, after the buyers and sellers intentions are close to USD 1480-1500/ton FOB Korea, no actual transaction. Near ocean styrene cargo valuation rose slightly to 1510-1530 US dollars / ton CFR China, it is reported that a single in the first half of September shipments in the 1530 US dollars / ton CFR China's price transactions, the domestic mainstream market prices held steady.
Into this week, while the international oil price fluctuated lower, the pure benzene market in the Gulf region of the United States slumped. Affected by this, the styrene market in Asia plunged. Demand for good performance retreated from last week, and the market is waiting to see a heavier atmosphere. FOB Korea Styrene Shipment valuation 1470-1490 US dollars / ton FOB Korea, near-ocean shipping companies talk about sparse, domestic styrene mainstream market prices stable at 12300-12400 yuan / ton.
Looking to the market:
The recent Asian pure benzene spot market price fell first and then rose. After falling by more than 40 US dollars on 18-19, it rebounded by more than 50 US dollars on 20-22 days. Under such turbulent market conditions, the market sentiment is unavoidable. Looking ahead, the market will focus on the trend of tropical storms in the Atlantic, US oil stocks, changes in the US dollar exchange rate, and OPEC’s policy meeting to be held in early September. In addition, the upcoming US Labor Day will mark the end of peak demand for gasoline in the United States, which will place greater pressure on the weak gasoline market during peak driving season. However, geopolitical tensions still support the oil market. For the situation in Iran and Nigeria that has plagued the market for more than two years, people have become accustomed to it. The geopolitical situation in the oil-producing regions of Central Asia has also become a market concern. The market is also waiting for US oil inventories. It is widely expected that US gasoline stocks will continue to decline.
On the contract, the contract prices of pure benzene suppliers in the United States and Europe in August increased to varying degrees from the previous month, of which the European contract price in August was €900/ton, which was increased by €60/ton from the previous month. The United States Bay Area contracted for 445 US cents/gal in August, up 27 cents/gallon from the previous month’s settlement price. The September launch price for the September contract was 460 cents per gallon, up 15 cents/gal from the August ACP. The price of Asian pure benzene contract in August was US$1,285/ton CFR, which was lower than July’s ACP of US$40/ton.
In terms of costs, the recent Asian market prices for pure benzene fluctuate, and the Asian naphtha prices also followed the crude oil market shocks. The production and operation of pure benzene manufacturers have been in a state of loss. It is understood that the new japan stone needs pure benzene - naphtha price difference. Only at the price of more than US$200/ton can the cost protection be achieved. At current prices, the evaluation price of pure benzene cargo in Northeast Asia will be US$1160-1170/tonne FOB Korea, and the Asian naphtha market price will be US$1001/tonne CFR Japan. Compared with the previous period, it was reduced to US$164/ton.
Arbitrage transactions:
At present, there are arbitrage opportunities for pure benzene in Asia, the United States and Europe.
Asia - Europe Arbitrage Trading. At current prices, the benzene cargo assessment price in Northeast Asia is 1160-1170 USD/ton FOB Korea, and the European pure benzene cargo price is about 1255-1265 USD/ton CIF ARA, and the spread is 95 USD/ton. Theoretically, Arbitrage window opens slowly.
Asia - US Arbitrage Trading. Calculated at current prices, the estimated freight price of pure benzene in Northeast Asia is 1160-1170 USD/ton FOB Korea. The price of pure benzene in the US Gulf is about 450-460 cents/gallon, equivalent to 1360 USD/ton, a difference of 195 USD/ton, so the Asian arbitrage window opens. It is reported that Prudential Industries will export 1-1.2 million tons of pure benzene to the Gulf of America in August. Although the current Asian-American arbitrage window is theoretically opened, market participants are reluctant to take risks because the future market price in the United States is unclear. Most market participants are skeptical about the US market and the cautious attitude remains unchanged. In addition, South Korea can export 40,000 tons of pure benzene per month to the United States, usually when the arbitrage window is opened. In 2007, the average export volume of Korean phthalein was 37,180 tons. According to South Korea Customs data, the total amount of Korean pure benzene exported to the United States in January totaled 41807 tons, and the export volume in February was around 70,000 tons. The amount of pure benzene exported to the United States in March was 53,569 tons. The data also shows that South Korea’s exports totaled 191,914 tons of pure benzene to the United States in the first quarter of this year, an increase of 76.3% over the same period of last year. The export volume of Korean pure benzene to the United States in April was 23,612 tons. Compared with 53,569 tons of exports in March, pure benzene exports fell by 55.9% in April. South Korea exported 50,124 tons of pure benzene to the Gulf of America in May, which was 42.5% lower than the same period of last year, but it was up by 112.2% from the 23,612 tons exported in April. Only 5,717 tons of pure benzene were exported to the United States in June, which was 88.6% lower than in May and 82.8% lower than the same period of last year. In July, 17,899 tons of pure benzene was shipped from South Korea to the United States, 66% less than the same period of last year and an increase of 12,182 tons from the previous month. In August, it is expected that exports will double by at least 30,000 tons.
The arbitrage window from Europe to the United States opened. Rotterdam's freight to the Gulf of America is around $50/ton, and it seems feasible to make profits of several tens of US dollars/ton. Although the arbitrage window in Europe and the United States opened, the market still lacks confidence in the situation of crude oil. In addition, if European prices continue to rise, there will be no chance for arbitrage.
Northeast Asia to Southeast Asia arbitrage trading, in June Taiwan imported 43701 tons of Korean pure benzene. In July, Taiwan exported benzene to 36,062 tons. August arbitrage trading volume is smaller.
Supply,
Looking at the world's pure benzene market, in the long term, global pure benzene supply and demand balance. The consultancy CMAI believes that the profits of the pure benzene industry will gradually be lost, but new production capacity will still appear. In the next six years, China's benzene production capacity will increase by 6 million tons. If the demand for pure benzene in the world increases at a rate of 100 tons per year in the next six years, then the growth capacity of China alone will be sufficient to meet the demand for global growth.
In the short term,
The supply of pure benzene in Asia gradually oversupplyed after the Asian-American profit window closed in June. With the successive parking of styrene devices in Asia, the supply pressure of pure benzene cargoes will be greater from August to September.
The main device situation,
Northeast Asia:
First, South Korea's SK Energy restarted No. 2 reformer, No. 2 aromatics and toluene-toluene disproportionation reactor on August 15. These devices stop on June 25th. The reformer capacity is 30,000 pounds per day, while the combined capacity of pure benzene in the 1st and 2nd BTX units is 100,000 tons/year. The TDP plant produces pure benzene and MX, the production of which depends on toluene and C9 heavy aromatic feedstocks.
Second, Japan’s Mitsubishi Chemical plans to close the Mizushima aromatics plant at the end of August for a January shutdown. This unit has a capacity of 220,000 tons.
Third, the TonenGeneral Sekiyu aromatics plant in Japan is currently operating at a high load, and the company's 43,000 tons/year pure benzene is sold to the Mitsubishi Chemical Phenol factory in Osaka.
Fourth, South Korea's S-oil Busan reforming and aromatics complexes are operating normally.
Fifth, Taiwan's FCFC will continue to operate No. 3 aromatics during the overhaul of No. 3 cracker. The equipment benzene production capacity 400,000 tons / year.
Sixth, Daqing Petrochemical’s subsidiary Daqing Petrochemical shut down its joint unit in Heilongjiang on August 18 for a 15-day routine maintenance. The combined unit pure benzene production capacity is 90,000 tons/year.
Seventh, Japan's Maruzen Petrochemical plans to maintain 130,000 tons of hydrodehydrogenation plants closed until the end of the year.
Eighth, on August 3, the Korea Lichuan Naphtha Cracking Center closed its No. 2 naphtha cracker.
Ninth, on August 4, the loading rate of YNCC's No. 2 BTX device was 90%. The unit has a pure benzene capacity of 130,000 tons/year, toluene of 70,000 tons/year, and a dissolution grade of MX4 tons/year.
Tenth, in late August, Shin-Nishiki will close the Kawasaki Pure Benzene Plant, which will be overhauled for 40 days with a capacity of 107,000 tons per year.
South East Asia:
First, the Indonesian TPPI aromatics plant has not yet been restarted, and the pure benzene production capacity is 350,000 tons/year.
Second, Thailand's PTT aromatics refinery will restart the No. 2 petrochemical complex in mid-September. The combined plant has a capacity of 363,000 tons per year, of which 30-50% of pure benzene is produced for supply contract customers, and the rest of the spot market is sold.
Thirdly, on July 16, Singapore Petrochemical (PCS) closed the joint unit No. 1 at Langyu Island for routine maintenance and restarted on August 19. During the overhaul, the company had a good 75% turn-on ratio, partly due to the lack of hydrogen from Unit 1. The No. 1 unit has a pure benzene production capacity of 105,000 tons/year and the No. 2 unit has a pure benzene production capacity of 165,000 tons/year.
Fourth, India Haldia Petrochemical delayed its expansion plan until March 2009. At that time, its pure benzene production capacity will be increased from 120,000 tons to 156,000 tons.
Fifth. On August 8, Mobil Singapore's aromatics plant restarted. The unit's pure benzene production capacity is 190,000 tons/year.
In terms of demand,
The recent market demand for pure benzene in Asia continues to slump, international oil prices are still fluctuating at low levels, and the uncertainty in the crude oil market has also limited the activeness of trading. The potential buyers are very cautious. In the trading hours of the past two weeks, the Asian pure benzene spot market has had very few bulk cargo transactions. It is reported that due to the heavy parking of styrene in the fourth quarter, the mainstream factories in Northeast Asia have significantly reduced the load rate. In addition, the operating rates of downstream polystyrene and ABS manufacturers have also been significantly reduced. However, there is good news in the SM market. The Jubail Chevron Phillips plant in Saudi Arabia is expected to export products next month. The factory has a SM capacity of 750,000 tons/year and a propylene capacity of 150,000 tons/year. The maximum load is expected to reach after three months.
In summary, under the pressure of weak crude oil, oversupply, and weak demand, the Asian pure benzene market has a strong wait-and-see attitude and it is difficult for the market to develop, waiting for the decline in the level of pure benzene societies in Asia.
Weak supply of crude oil, weak demand for excess benzene in Asia continues to pressure
Market description: