From April 8 to April 15, 2022, the bidding price of crude benzene decreased from 6801 yuan / ton last weekend to 6659 yuan / ton this weekend, a weekly decrease of 2.09%.

On April 14, the price of international crude oil futures closed up. The settlement price of the main contract of WTI crude oil futures in the United States was US $106.95/barrel, up US $2.70 or 2.6%; The settlement price of the main contract of Brent crude oil futures was US $111.70/barrel, up US $2.92 or 2.7%. As of Thursday, oil prices rose for three consecutive times, rising nearly 9% on the weekly line. It is reported that the EU may draft a bill banning the import of Russian oil. The expectation of oil product shortage caused by the conflict between Russia and Ukraine has surfaced again, and the oil price has been strongly supported.

Summary of price adjustment of Sinopec pure benzene (unit: yuan / ton)

Date, Adjusted price, Adjustment amount

March 16, 8200.,-400

March 22, 8400.,+200

March 24, 8600.,+200

April 12, 8450.,-150

On April 12, 2022, the listing price of Sinopec pure benzene was reduced by 150 yuan / ton and 8450 yuan / ton was implemented.

Other enterprises: Dongming Petrochemical offers 8250 yuan / ton, HSBC Petrochemical offers 8500 yuan / ton, Jincheng Petrochemical offers 8250 yuan / ton, Weilian chemical offers 8303 yuan / ton, Xinhai Petrochemical offers 8350 yuan / ton, and Hongrun Petrochemical offers 8550 yuan / ton.

Crude oil prices first fell and then rose this week. After falling on Monday, they began to rebound on Tuesday. Although crude oil continued to rise and cost support strengthened, due to public health events in various parts of China, the operating load in the downstream of pure benzene is low, and the overall demand for pure benzene is relatively light. Therefore, although the fundamentals are good, the downstream performance is poor. The rise of pure benzene price this week is blocked, and the price is mainly sideways. The mainstream price of domestic pure benzene this week is 8250-8550 yuan / ton. The price of hydrogenated benzene is mainly affected by pure benzene. Among them, the shipment of enterprises in Shandong is poor and the price is low. The hydrogenated benzene market is also under pressure and the price is low as a whole. Sinopec lowered the ex factory price of pure benzene to 8450 yuan / ton within the week, which once again affected the market mentality. At present, the overall market trading is general. Affected by the fundamentals, the bidding price of crude benzene decreased slightly this week, and decreased to 6920 ~ 6925 yuan / ton in Shandong. On the whole, at present, the positive fundamentals support is limited. Due to the general downstream demand, which hinders the overall trend of the industrial chain, the market is expected to maintain the consolidation trend in the near future. In the future, we will continue to pay attention to the impact of the international crude oil market, the external market, the dynamics of pure benzene and downstream devices, and changes in demand on the price of pure benzene.