Liquefied natural gas (LNG), as the most clean and low-temperature liquid low-carbon fossil energy source in the fossil energy system, has developed rapidly in China in the past decade and has gradually formed a complete system of LNG industry chain with Chinese characteristics for the future of China’s LNG industry. The chain is healthier and more sustainable, and it is very valuable to think deeply and reflect on previous development history and processes.

Integrated station pipeline gas-fired power plant integrated layout mode

Guangdong LNG is China’s first LNG receiving station. As an operator, BP has led the planning and design of the main framework of Guangdong LNG industry chain. The core main line of Guangdong LNG industry chain is the integrated layout mode of the receiving station pipeline gas-fired power plant, that is, the receiving station, pipeline and gas-fired power plant are simultaneously planned, constructed and put into operation at the same time. The practice of more than ten years proves that this mode is very successful and effective. . Although the urban gas user group, the industrial user group, and the vehicle-shipping user group are the base users of LNG, it is difficult to ensure the LNG receiving station as soon as the single user consumes less, disperses, and develops the amount of time. To achieve the design scale, only the gas-fired power plants and receiving stations with large gas consumption will be put into production at the same time for strategic coordination, so as to ensure the fulfillment of the LNG long-term contract and the function and efficiency of the LNG main industrial chain infrastructure.

Fujian LNG industry chain adheres to this strategic planning concept and develops very well. LNG receiving stations lacking coordinated gas-fired power plants or pipelines will experience several years of slow market development after commissioning, and bear losses and difficulties. . The author suggests that the new LNG receiving station will continue to adhere to this strategic planning concept as the best policy.

Receiving station pipeline equity diversification company formation model

Guangdong LNG shareholders were jointly established by CNOOC, BP, Shenzhen Gas, Hong Kong Hong Kong and China Gas, Guangzhou Gas, Dongguan Gas, Foshan Gas, Shenzhen Energy, Yudean and other upstream and downstream industrial chains, and adhered to the concept of equity diversification . LNG receiving stations and pipelines are the infrastructure bearers of the interest community in the industry chain. Shareholders play their own unique advantages in resources, engineering, market, capital, etc., and think about it, and make efforts to ensure the LNG industry chain logistics. Cash flow and smooth flow of information, Guangdong LNG development is very healthy, profitability is very good, and shareholders are very satisfied. This company’s formation model has enabled Guangdong LNG to be organically integrated into the local regional economy, with strong support from the government, users and the general public. Later, some LNG receiving stations abandoned the company’s formation model and even embarked on the sole proprietorship. It was quite difficult to develop in the initial stage of production. The author suggests that the new LNG receiving station should adhere to the diversification of equity, the formation of a community of interests, and effective integration into the local economy.

LNG receiving station location and scale strategic layout mode

For any coastal city with a coastline, waterways, ports, etc. are precious scarce resources that can be used less when used less. The inadequacy of Guangdong LNG strategic planning is that it is not expected that the development speed of LNG will be so fast. There can only be five LNG storage tanks in the layout of the mountain, which severely limits the development space of Guangdong LNG. If Guangdong LNG is based on a 30 million With the planning of the receiving station, the entire Diefu Valley is planned as a LNG storage tank group, which can fully meet the demand and leave the valuable coastline to develop the yacht dock better and more scientific. The current status quo is to build four LNG receiving stations of the same nature in Shenzhen’s precious coastline. The same nature is repelled. This is the basic principle. It is a great waste to the navigation channel, port, land, investment, and personnel. In the off-season, everyone’s days will not be better.

A coastal prefecture-level city to build an LNG receiving station, the state should clearly stipulate that only one LNG receiving station can be built. If the 10 million tons is not enough, it can be planned according to 2000 to 30 million tons, as long as the LNG receiving station tank area The planning of the gasification unit is large enough, and land reclamation is also possible. The author proposes to accept the planning defects of the LNG scale in Guangdong. The city that builds the LNG receiving station can only plan according to a large LNG receiving station, reducing the occupation and damage to the coastline, avoiding vicious competition between multiple receiving stations, and increasing the receiving station. Living space and profitability. Everyone wants to invest, and can diversify their equity and jointly invest in construction.

LNG low-cost purchase and low-cost asset mergers and acquisitions

China’s LNG development in the past decade has experienced low-cost purchases from oversupply of Guangdong LNG. The slope and constant of the long association are very beneficial to the buyer, and the shareholding is upstream. The price of the ceiling and the floor price are favorable to both buyers and sellers. In the history of LNG development in the world, very good low-cost purchases of long-term contracts. As the oil price rises, the LNG long-term negotiation is more and more favorable to the seller. The negotiator’s personal negotiation ability is stronger and the English level is higher. It is also impossible to obtain preferential terms for the buyer to purchase at a low price. More important than negotiation ability and foreign language level. Without the LNG long association, the construction of LNG receiving stations cannot be started. This management mode severely restricts the grasp of LNG low-cost purchase flexibility business opportunities. In fact, the construction of LNG purchase and receiving stations can be carried out separately.

More than one hundred dollars of high oil prices, China has also experienced and participated in the madness of high-priced purchases, but also tasted the bitter fruit of high-priced LNG, the best way to obtain overseas LNG resources with high oil prices is PetroChina (8.170, -0.01, -0.12%) The company itself invests in the exploration and development of overseas natural gas fields and invests in the construction of its own LNG plant. Unfortunately, China National Petroleum Corporation does not have enough LNG liquefaction plants invested by itself. Only China National Petroleum Corporation owns sufficient natural gas resources and LNG produced by liquefaction plants to obtain the initiative of LNG strategic development. The LNG price is controlled by the complete industrial chain. The high-margin upstream profit is available to Chinese oil companies, and the ability is moderately reduced. The selling price in China.

During the low oil price period, due to the high oil price and large-scale overseas oil and gas upstream asset acquisition and LNG long association purchase, the oil price dropped after the loss. In addition to the small-scale actions of individual companies, most of the Chinese oil companies missed the buying opportunity and did not have enough competitive. The gas source and the state control the smog, win the blue sky to defend the war and carry out strategic synergy. After the coal reformed to force last winter, a gas shortage was formed. With the development of underground gas storage, the author suggests that the oil price should be less than 50 US dollars/barrel as the Chinese LNG Changxu, the acquisition of overseas LNG gas field resources and the liquefaction plant asset strategic opportunity period, one is the low price range, and also as the Chinese coal reform In the period of strategic development of gas development, the second is that even if it is not used in the off-season, it must be firm and large-scale low-priced purchases and stored in gas storage. In addition to supporting low-cost purchases, the state can also use solid foreign exchange reserves and directly participate in low-cost purchases, which are far more valuable and more valuable than the purchase of US debt.

LNG Ocean Shipping Fleet

The national cargo national transport, the national shipbuilding state, is a very good LNG ocean transport development concept. China has already overcome the crown jewel of LNG ocean-going shipbuilding industry. For China’s energy imports, importing low-carbon and clean LNG is far better than importing crude oil with heavy carbon pollution. Increasingly large, more and more LNG ocean shipping vessels are needed. Only China’s own LNG ocean shipping fleet is the most reliable, especially when the world’s LNG carriers are tight. China’s steel production plants are numerous, labor resources are abundant, and the construction of a large number of large-scale LNG ocean-going vessels can help China’s economic growth, solve employment and increase Chinese taxation. The key is to ensure the safety and sufficient capacity of China’s LNG ocean transportation. The author suggests that, except for a few cases, LNG ocean transportation must adhere to the national product of national shipments, and the national shipbuilding state is the basic principle of the supremacy of national interests.

Land transportation of LNG and natural gas

LNG is only a natural gas logistics form. There is no LNG pure industrial chain. In developed countries such as Europe, America and Japan, the main natural gas transportation channel is natural gas pipeline. Every LNG transport vehicle, every LNG satellite station and storage tank group is a source of dangerous chemical explosion. Except for LNG liquid transportation for vehicle and ship filling, the LW liquid peak load usage and land transportation volume are as small as possible, so as to be minimized. Social insecurity. The pipeline is buried deep underground, which is safer than LNG land transportation. As long as the natural gas pipeline is sufficiently dense enough to meet the natural gas transportation needs of each city, it can be reached by pressure natural gas, and the transportation volume is lower, the transportation cost is lower. The main peaking infrastructure of natural gas is large-scale natural gas underground gas storage and large-scale storage tanks of coastal LNG receiving stations, instead of urban LNG satellite stations and LNG storage tanks, urban gas merchants, large industrial users, gas power plants, etc. With its own peak-regulating gas demand, it can be invested in the underground gas storage and LNG large-scale receiving stations to obtain the peaking gas protection.

In remote towns and towns with small gas consumption, the transportation cost of paving pipeline units is too high. It is appropriate to construct LNG satellite stations. After the gas volume is used up, the pipelines are economical and can be converted into pipeline transportation. The author suggests that for urban and social security, it is necessary to increase the investment in natural gas pipeline construction, establish that the pipeline is the main transportation channel for natural gas, and LNG is the LNG and natural gas logistics transportation concept that assists transportation channels.

In summary, LNG will play an important role in adjusting China’s energy structure, adjusting China’s power structure, adjusting China’s transportation structure, managing smog, winning blue sky defense, and building beautiful China. Every effort is made to reduce LNG purchase and acquisition costs, scientifically plan LNG receiving stations, pipelines, gas-fired power plants and other infrastructure, establish China’s own LNG transportation fleet, mobilize the enthusiasm of the LNG industry chain, and work together to build a good LNG industrial chain. The community of interests is a correct conclusion that should be derived from the history of the development of China’s LNG industry chain.

Multiple factors have caused oil prices to fall in the near future: First, the escalation of trade frictions initiated by the United States has triggered concerns about the global economic slowdown and the impact on crude oil demand. Second, the monthly report of the Organization of Petroleum Exporting Countries (OPEC) lowered its forecast for global crude oil demand next year. Third, the demand for crude oil in Asia has declined. Fourth, US crude oil inventories and production both increased, while refined oil and inventories also rose sharply.

Affected by the depreciation of emerging market currencies and trade tensions, the global economic outlook is uncertain and dragged down demand for crude oil, and international crude oil prices have fallen under pressure. Last week, New York West Texas Intermediate crude oil futures fell for the seventh consecutive week, down 2.7%, the longest losing streak since 2015; London North Sea Brent crude oil futures fell for the third consecutive week, a decline of 1.4%.

The analysis believes that multiple factors have caused oil prices to fall under pressure: First, the escalation of trade frictions initiated by the United States has triggered concerns about the global economic slowdown and the impact on crude oil demand. Trade frictions have been putting pressure on the market in the past few months. Trade friction between the United States and China has made investors feel uneasy. Last week, the diplomatic relations between the United States and Turkey deteriorated, the high tariffs between the United States and Turkey, and the sovereign currency crisis in Turkey continued to ferment, raising international community concerns about the instability of emerging markets. Market risk aversion has risen sharply, and global stock markets and commodity markets have complained. If the situation in Turkey deteriorates further, it will threaten to exacerbate currency fluctuations and capital outflows in emerging market countries, further increasing the value of the US dollar and thus lowering oil prices.

Second, the monthly report of the Organization of Petroleum Exporting Countries (OPEC) lowered its forecast for global crude oil demand next year. OPEC’s latest monthly report on the crude oil market shows that demand for OPEC crude oil is expected to be 32.05 million barrels per day in 2019, a decrease of 130,000 barrels per day from the previous month. In 2019, global crude oil demand growth is expected to be lowered to 1.43 million barrels per day, with a previous value of 1.45 million barrels per day. At the same time, the monthly report raised the daily average crude oil supply of non-OPEC countries by 30,000 barrels to 2.13 million barrels. The monthly report also showed that OPEC’s daily output increased by 41,000 barrels to 32.32 million barrels. Among them, Saudi Arabia’s oil production in July was 10.28 million barrels, a decrease of 200,000 barrels from June. Saudi Arabia said that the cut was mainly due to increased production by competitors, and Saudi Arabia hoped to avoid another oversupply.

Third, the demand for crude oil in Asia has declined. According to shipping data, the annualized growth rate of demand in China, India, Japan and South Korea has dropped from 3.5% in 2016 to around 2% today. Among them, China’s largest crude oil importer China and India’s imports in July fell by about 500,000 barrels from the January-June average of 12.4 million barrels per day. The market generally believes that if trade disputes and emerging market turmoil lead to further deterioration of the global economic outlook, Asian oil demand will continue to weaken.

Fourth, US crude oil inventories and production double growth, while refined oil and inventories also rose sharply, so oil prices fell sharply. According to the latest inventory report of the US Energy Information Administration, as of the week of August 10, US crude oil inventories unexpectedly increased by 6.8 million barrels to 414 million barrels, the largest weekly increase since the week of March 10, 2017. It is estimated to be reduced by 2.5 million barrels. More data showed that crude oil inventories increased by 1.64 million barrels last week, the largest increase since the week of April 6; refinery crude oil processing volume increased by 383,000 barrels per day to 17.89 million barrels per day, a record high. In addition, last week, US domestic crude oil production increased by 100,000 barrels to 10.9 million barrels per day.

Obviously, negative sentiment will continue to pervade, and international crude oil prices will remain weak and weak in the short term. But in the long run, the US government will fully resume sanctions against Iran and sharply squeeze Iranian crude oil exports, which will lead to further tightening of global supply. The international crude oil market price may be supported.

According to a report by Platts on August 14, Dubai, sources close to Libyan crude oil production said on Tuesday that Libyan crude oil production broke through the 1 million barrel mark for the first time since the beginning of June.

According to sources, the most new production comes mainly from the Sala Lada oil field, which increased its daily production of crude oil from 218,000 barrels last week to more than 250,000 barrels.

According to a recent survey by Standard & Poor’s Global Platts Consulting, the average daily production of crude oil in Libya fell to 670,000 barrels in July, the lowest level since April 2017.

The Sala Lada field is operated by the Libyan National Oil Company and an international consortium of French Total, Repsol, Statoil and the Austrian Oil and Gas Group. In the past few years, the Sarawaka oil field has been forced to close several times due to worker protests and attacks by the tribal militias on the export pipeline.

According to sources, the Sala Lada oil field consists of three production areas located in the southwestern part of the Myrzuk Basin. Earlier this month, two of the production areas resumed operations relatively quickly, with daily production increasing to around 200,000 barrels. However, the third producing area, the NC-186 producing area, presents a more difficult picture of safety.

London August 15 news, LME base metals futures fell sharply on Wednesday, as the market worried that the global economic growth prospects and demand were hit by trade, political tensions and the dollar.

At 17:00 on August 15th, London time (00:00 on August 16th, Beijing time), three-month copper fell 4% to $5,801 per ton, and the contract hit a 15-month low of $5,773 per ton.

Commerzbank analyst Eugen Weinberg said, “Most of the increase in metal demand is coming to emerging markets, and now market participants have questioned this.”

“The slowdown in China’s economic growth has been going on for some time, and the overall impact of the US tariff on Chinese goods imports has not yet been seen. The current price seems attractive, but it does not rule out further market down.”

Although China’s January-July trade data shows that China’s imports are limited, analysts expect data to deteriorate in the coming months.

According to data released by the National Bureau of Statistics of China, the growth rate of China’s fixed asset investment slowed to 5.5% in the first seven months, and the slowdown exceeded expectations, highlighting weak domestic demand and corporate confidence in the context of slowing trade with the US. Frustrated.

In July, the added value of China’s industrial enterprises above designated size increased by 6% year-on-year, which was the same as that in June, but the growth rate was lower than market expectations.

US President Trump provoked a trade war that has led several countries to launch tit-for-tat trade measures against the United States.

In the past week, the Turkish lira has fallen sharply to a record low, which has led to global market turmoil.

The market focus returned to the impact of the Turkish lira’s plunge on more emerging markets, causing global stock markets to fall and the dollar to rise. Investors are also concerned about the level of insurance in the European banking industry in Turkey and are selling off emerging market assets.

The US dollar index rose above 96.9, the first time in June 2017.

A higher dollar means that dollar-denominated commodity prices become more expensive for investors holding other currencies.

Neil Wilson, senior market analyst at Markets.com, said, “It is hard to believe that the Turkish authorities are prepared to take some sensible monetary and fiscal measures to deal with the crisis.”

The world’s largest copper mine, the Chilean Escondida union, said on Wednesday that union members would look at the latest labor contract proposal from BHP Billiton (BHP) to avoid planned strikes.

Prior to this, the two sides conducted a six-day negotiation after the government intervened to avoid repeating the mistakes of the 44-day strike last year. At that time, the global copper market was severely affected and dragged Chile’s economic growth.

The union said on Tuesday that some key issues have been agreed with the company, but it will take another day to solve other problems.

ING said in a report, “The market has already predicted that the mine will have a strike action, but it seems that the negotiations between the labor and management sides have made progress.”

Three-month aluminum closed down 2.2% at $2,025 a tonne.

Three-month zinc fell 6.3% to $2,300 a tonne, and the contract hit $2,291 per tonne, the lowest since October 2016.

Three-month lead plummeted 7.1% to $1,927 a tonne, the biggest one-day drop in about seven years. The intraday contract fell to a low of $1,919.50 per tonne since October 2016.

Three-month nickel fell 4.3% to $12,850 a tonne, the lowest level in six months.

Three-month tin closed down 3.2% at $18,405 per tonne.

China is the world’s largest importer of agricultural products. The United States is the world’s largest exporter of agricultural products. In the Sino-US economic and trade consultations, agriculture has always been a core issue.

Recently, Han Jun, deputy director of the Ministry of Agriculture and Rural Affairs, said in an exclusive interview with CCTV reporters that under the strong leadership of the Party Central Committee with Comrade Xi Jinping as the core, we resolutely safeguard the core interests of the country and rationally handle the current Sino-US economic and trade issues. The necessary countermeasures not taken are rational and restrained. China will actively, steadily and orderly expand the opening up of agriculture.

The counter-measures adopted by China have been limited in their domestic influence through careful evaluation.

So far, China has published two batches of tariff lists for imported goods from the United States. In the first batch of lists, the Chinese side issued an announcement to impose a 25% tariff on US$50 billion of goods, involving a total of 517 agricultural products. In the second batch of lists, the Chinese side decided to impose tariffs on the approximately 60 billion US dollars of products imported from the United States according to the law at 25%, 20%, 10%, and 5%, involving 387 agricultural products. At present, nearly 90% of the agricultural products imported from the United States have been taxed.

Han Jun said that China has to make such counter-measures, and it has also been made on the basis of extensive solicitation of opinions and careful evaluation. China imposes tariffs on US agricultural products exported to China, which will have a great impact on the export of US agricultural products, but has limited domestic impact. “We are constantly assessing the effectiveness of these tax increases, especially for the domestic market, and we must ensure that the impact on domestic industries and people’s lives is minimized.”

The advantage of US soybean exports to China has been lost

Influenced by the escalation of Sino-US economic and trade frictions, the impact of US agriculture can be foreseen. In the case of soybeans, US soybeans imported from China account for 60% of US soybean exports and more than six times that of the United States. China has adopted counter-measures and imposed a 25% tariff. The advantage of US soybean exports to China has been lost.

Han Jun pointed out that in the international market, agricultural products export is very competitive. If the US exports to China’s agricultural products are blocked, other countries have the willingness to replace the US market share. Now that the United States has provoked trade conflicts and continues to increase its weight, China is unwilling to fight trade wars. However, in the face of the continuous escalation of trade conflicts in the United States, it has to make necessary counter-measures.

China has adopted counter-measures against the United States, and imports from the United States will drop sharply. In order to prevent the linkage effect and increase the pressure on domestic food prices, the relevant departments have made thorough preparations. “For example, China can expand imports of soybeans from other countries such as Brazil, such as rapeseed meal, which can completely replace soybean meal. We have confidence and ability to ensure supply in the domestic market. We have this confidence.”

China will continue to expand agricultural opening up

In the past 40 years of reform and opening up, China has become the world’s largest importer of agricultural products, and agricultural imports account for 1/10 of the global agricultural trade. At present, China, such as soybeans, sugar, cotton and other agricultural products, are the world’s largest buyers. The development of agricultural products trade has effectively alleviated the pressure on domestic agricultural resources and the environment, ensuring the smooth operation of domestic supply and market.

“China’s agricultural opening up is also comprehensive. The export of agricultural products should be exported. We must give play to our comparative advantages and increase the income of farmers. We must actively participate in this import to meet the people’s growing demand for quality food and quality agricultural products. Demand.” Han Jun said that it will continue to expand its openness and actively increase imports. This is China’s established policy.

The Shanghai Composite Index rose 2%, and the chemical industry rose 1.72%, weaker than the market. The sub-industries have risen and fallen, and the sub-sectors such as phosphate fertilizer, vinylon and compound fertilizer have shown an increase. Other fibers, polyester and viscose, which had a large increase last week, have seen a correction.

In the wake of futures surges and the depreciation of the renminbi, the cost of imported goods increased, the inventory in the port and the mainland was low, and the downstream maintenance olefin plant plan was restarted, the price rose sharply, with an increase of 200-270 yuan/ton.

The price of acetic acid continued to rise slightly, and the price increase in each region was around RMB 50/ton.

The domestic mainstream propylene market price continued to rise sharply, and the new high in the year, the price of each region rose to more than 9,000 yuan.

The domestic urea market began to rebound after bottoming out. The potash market continued to rise slightly in the firm. The phosphate fertilizer market is running smoothly.

The glyphosate market is sideways. The supplier quoted 2.7-2.95 million yuan / ton, the market turnover to 2.7-2.75 million yuan / ton

The domestic pure MDI market dropped at a high level. The aggregated MDI is falling back, the downstream is subject to environmental protection, the overall starting load is not high, the demand for raw materials is general, and the high price is resisting emotion.

Bloomberg quoted people familiar with the matter as saying that CNPC may suspend the purchase of US liquefied natural gas (LNG) stocks during the winter heating season. According to the plan, CNPC will increase the amount of spot purchases in other countries.

According to the Natural Gas Market Report 2018, the total amount of LNG imported by China in the first half of 2018 was 23.663 million tons, an increase of 51.3% over the same period of 2017. The growth rate is staggering. Most of the imports came from Australia, reaching 10.133 million tons, followed by Qatar. According to Anxun statistics, in the first half of 2018, China imported a total of 70 LNG stocks, 21 of which were from Australia.

Currently, CNPC is in deep consultation with Qatar and plans to purchase LNG through short-term and long-term agreements. Traders also said that Chinese buyers are already looking for alternatives to LNG supply due to Sino-US trade wars.

In addition, the Sino-Russian energy cooperation project, the Yamal LNG project, will build three LNG production lines with an annual output of 5.5 million tons. After completion, it will produce LNG 16.5 million tons per year. According to the signed long-term purchase and sale agreement, PetroChina will import 3 million tons of LNG from the Yamal project every year from 2019. On July 19, the first ship, Yamal LNG, arrived at the Jiangsu Rudong LNG receiving station and successfully delivered it to CNPC.

At the press conference of China’s first ship Yamal LNG, the National Energy Administration Director Bai Keli said that Russia will become the first importer of natural gas in China. Whether it is pipeline gas or liquefied natural gas (LNG), Russian natural gas will become more and more important in China’s natural gas supply chain.

The United States is a major exporter of LNG. Since 2016, 60% of US LNG has been sold in the spot market. In 2017, China’s imports accounted for 15% of US LNG exports.

In July of this year, the United States exported liquefied natural gas (LNG) to China to a minimum. Shipping data shows that US LNG sales to China fell from nearly 400,000 tons in May to only 130,000 tons in July, while supply from Australia, Malaysia, Indonesia, Russia and Papua New Guinea increased.

Since the beginning of July, the domestic pure benzene market started the first round of the second half of the market, and set the biggest increase this year. Last week, Sinopec’s pure benzene listing price was raised by 200 yuan (ton price, the same below) to 6,850 yuan, a month-on-month increase of more than 14%. Recently, the price of pure benzene in the East China market was 6950 to 7000 yuan, and the price of hydrogenated benzene was 6800 to 6850 yuan. The high-end price in some regions even exceeded 7,000 yuan.

According to China Chemical Industry News reported on August 9, Shao Huiwen, marketing manager of Henan Kaipu Group, said that the pure benzene downstream market performed well in July, and more than 90% of downstream enterprises were in a profitable state. Among them, the profit of styrene, cyclohexanone, caprolactam and other products reached 2,500 to 3,500 yuan, and the profit per ton of enterprises reached nearly 4,000 yuan.

According to Sinopec and PetroChina, from August to September, Anhui 260,000 tons/year new styrene plant was put into operation, Shandong Jinling 200,000 tons/year aniline plant was restarted, and the demand for pure benzene will also increase. .

Statistics from Henan Petroleum and Chemical Network show that since July, the inventory of pure benzene ports has continued to decline. As of August 3, the inventory of major domestic ports has dropped from 240,000 tons to 200,000 tons, a drop of 20%, and there is room for further decline.

In addition to port inventory, domestic production enterprises’ inventory has also fallen to a low level. At the same time, the rise in external disk prices has affected the subsequent import of goods to Hong Kong, supporting the domestic market to continue to improve, and boosting the seller’s mentality. It is understood that on August 3, the pure benzene FOB Korea closed up to 876 US dollars, equivalent to more than 7,000 yuan.

In addition, the reporter of China Chemical Industry News learned from Shandong refinery enterprises that due to the increase in crude oil prices and the subsidy of consumption tax, local refineries have experienced large-scale production and production restrictions, and individual scale refining enterprises have even filed for bankruptcy.

According to industry insiders, on the basis of the increase in demand, the domestic supply of pure benzene is expected to decrease, and traders have actively joined the speculation team. This round of market is in the key node of the rising channel. If the short-term external market continues to be high, the domestic market still has room for growth. The price in the second half of the year does not rule out the possibility of creating a new high for the year.