Crude oil is

It also bodes ill for oil prices as OPEC+ production cuts and additional Saudi output cuts continue to provide floor support, but the U.S. -Iran relationship may be in flux, and beware of increasing downside risks.As of Feb. 4, WTIMarch 2021 futures were $56.23 / BBL, up 54 cents, while Brent April 2021 futures were $58.84 / BBL, up 38 cents.

The market situation

Prices of toluene and xylene continued to rise in the market since January. At the beginning of February, toluene and xylene prices continued to rise without any interruption. As of February 4, toluene market closed at around 4690-4740 yuan/ton in East China and around 4500-4550 yuan/ton in South China.Xylene market, East China closing price in 4620-4800 yuan/ton near.Since late January, the domestic price difference between benzene and benzene is gradually narrowing, what’s more, the price difference between the two was negative for a time, and toluene rose strongly.

supply

At the present stage, the construction of toluene and xylene decreased, and the production capacity increased with the resumption of production of the plant. The overall construction rate of toluene was 61.93%, and the construction rate of xylene was 58.21%.

demand

At present, the market transaction bullish attitude is strong, some toluene and xylene in the market because of their downstream PX and PTA soaring, so the self-use is too much, and the early market downturn to suppress the import of toluene, two benzene market supply is tight.

There is a strong demand for PX, refined oil refineries push the price space, the demand for oil blending is strong and stockpiling.Supply and demand and peripheral positive prices rose, traders shipper sales mainly, add up the market.

conclusion

Near the end of the year, two benzene market trend specific market trend is unclear, although from the market related data, most of the industry mentality that may continue to rise, but with the approaching of the Spring Festival, traders and logistics transportation because of the holiday reasons, the market or tend to be stable, the market may be more stable.