On October 17, the hydrobenzene commodity index was 96.47, the same as yesterday, down 5.43% from the highest point of 102.01 in the cycle (2014-01-09), and up 221.67% from the lowest point of 29.99 on April 7, 2020. (Note: the period refers to the period from December 1, 2013 to now).
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Price rise and fall of main domestic hydrogenated benzene market from October 8 to October 18 (unit: yuan / ton)
Region, price on October 8, price on October 18, weekly rise and fall
East China, 8250., 8475., + 225
Shandong Province, 8000., 8350., + 350
This week (October 8 to October 18), the market price of hydrogenated benzene in Shandong increased, from 8000 yuan / ton last weekend to 8350 yuan / ton this weekend, up 350 yuan / ton.
Summary of price adjustment of Sinopec pure benzene in 2021 (unit: yuan / ton)
Date., adjusted price., adjusted amount
September 2, 7650., + 100
September 6, 7750., + 100
September 8, 7850., + 100
September 10, 8000., + 150
September 13, 8200., + 200
September 14, 8500., + 300
September 16, 8600., + 100
September 18, 8400. – 200
September 22, 8200. – 200
September 24, 8000. – 200
September 26, 7700. – 300
October 8, 8000., + 300
October 11, 8400., + 400
On October 11, 2021, the listing price of Sinopec pure benzene was increased by 400 yuan / ton, 8400 yuan / ton, of which Qilu Petrochemical implemented 8350 yuan / ton.
This week, pure benzene fell after a broad rise, crude oil rose broadly, the bulk commodity market rose generally, the pure benzene market rose positively, and the price rose broadly. As styrene stopped rising and turned down, and bulk commodities generally fell, the pure benzene market took profits and the price followed the downward trend. In terms of demand, there are many restart plans for downstream units in East China, and the maintenance plans in North and South China increase, so the overall demand trend is weak. The price of crude benzene in the upstream is rising, the cost pressure of benzene hydrogenation enterprises is increasing, and the overall operation is acceptable at present.
In terms of crude oil, global natural gas prices have soared, crude oil supply is expected to be tight, energy supply is in short supply in winter, international oil prices have risen continuously, WTI oil prices have exceeded US $80 / barrel, good fundamentals support the strength of pure benzene and hydrogenated benzene, and it is expected that hydrogenated benzene prices will be stable, medium and strong in the short term. In the future, we will focus on the dynamics of domestic pure benzene units and the impact of the trend of crude oil and external market on market sentiment.
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