From February 10 to February 17, 2022, the bidding price of crude benzene increased slightly, from 6487 yuan / ton last weekend to 6493 yuan / ton this weekend, with a weekly increase of 0.09%.
| PVA 1799 (PVA BF17) |
Summary of price adjustment of Sinopec pure benzene (unit: yuan / ton)
Date, Adjusted price, Adjustment amount
January 11, 7400.,+100
January 14, 7550.,+150
January 19, 7700.,+150
February 7, 8100.,+400
February 11, 7950.,-150
On February 11, 2021, the listing price of pure benzene of Sinopec was reduced by 150 yuan / ton to 7950 yuan / ton, and that of Qilu Petrochemical was 7900 yuan / ton.
Crude oil: on February 16, the price of international crude oil futures rose. The settlement price of the main contract of WTI crude oil futures in the United States was US $93.66/barrel, up US $1.59 or 1.7%, and the settlement price of the main contract of Brent crude oil futures was US $94.81/barrel, up US $1.53 or 1.6%. US Energy Information Administration (EIA) data showed that US fuel demand hit a record high, and oil prices were boosted upward.
| PVA |
In the first week after the festival, with the joint support of crude oil and pure benzene, the bidding price of crude benzene increased significantly by 370 yuan / ton. Crude oil prices fluctuated significantly this week, especially on Tuesday, February 15, when international crude oil futures prices fell sharply. WTI settled at US $92.07/barrel, down US $3.39 or 3.6%. The sharp decline of crude oil affected the market mentality, while the affected price of pure benzene fell again, and the price of hydrogenated benzene fell. On Wednesday and Thursday, the bidding of crude benzene in major regions in China began. Affected by the fundamentals, the bidding price of this round has not changed much, and the adjustment range in most regions is around 10 yuan / ton. Among them, the mainstream price in Shandong is 6570 ~ 6575 yuan / ton, which is 10 yuan / ton lower than the last bidding price.
In the future, the downstream demand of fundamentals is OK, but the correction of pure benzene market and the impact of production restriction of the Winter Olympic Games increase the negative factors, the demand for crude benzene is expected to decrease in the future, and the trend of crude benzene is dominated by shock.
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