On May 29, the hydrobenzene commodity index was 98.10, unchanged from yesterday, down 3.83% from the highest point of 102.01 in the cycle (2014-01-09), and up 227.11% from the lowest point of 29.99 on April 7, 2020. (Note: the period refers to the period from December 1, 2013 to now).

 

PVA 1799 (PVA BF17)

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

 

Date, Adjusted price, Adjustment amount

May 5, 8850.,+100

May 7, 8950.,+100

May 13, 9100.,+150

May 17, 9200.,+100

May 19, 9300.,+100

Sinopec raised the ex factory price of pure benzene. On May 19, 2022, the listing price of Sinopec pure benzene was raised by 100 yuan / ton, and 9300 yuan / ton was implemented. In May, 2022, Sinopec’s pure benzene was increased 5 times, with a cumulative increase of 450 yuan / ton.

 

Other enterprises: HSBC Petrochemical offers 9350 yuan / ton, Weilian chemical offers 9003 yuan / ton, Xinhai Petrochemical offers 9000 yuan / ton, and Hongrun Petrochemical offers 9050 yuan / ton.

 

In terms of crude oil, the overall oil price rose by a wide margin this month, with a monthly increase of more than 9.7%. On May 27, the price of international crude oil futures rose again. The settlement price of the main contract of WTI crude oil futures in the United States was US $115.07/barrel, up US $0.86 or 0.9%; The settlement price of the main contract of Brent crude oil futures was US $115.56/barrel, up US $1.39 or 1.22%. With the arrival of the peak driving season in the US in summer, the demand expectation has boosted the oil price. In addition, the EU has launched negotiations on whether to completely ban the import of Russian oil.

 

In May, 2022, the hydrobenzene market fluctuated upward. The ex factory price in North China was 8550 yuan / ton at the beginning of the month and 8887.5 yuan / ton at the end of the month, with a monthly increase of 3.95%.

 

Domestic market price of main hydrogenated benzene (unit: yuan / ton)

 

Market, Price on May 5, Price on May 30, Up and down

East China, 8800～8900., 9000～9100.,+ two hundred

Shandong region, 8600～8700., 8700～8800.,+ one hundred

PVA

In the first ten days of this month, the price of hydrogenated benzene went up all the way. Due to the overall rise in the price of basic crude oil, the rise in the external price of pure benzene boosted the market mentality. The price of pure benzene went up all the way. Sinopec raised the ex factory price of pure benzene this month, which once again boosted the market. At present, the inventory of pure benzene in East China has declined significantly, and the overall support of the market is strong. However, Shandong was dragged down by poor downstream demand. Although the price rose positively this week, there was still a certain price difference with East China, and the actual transaction was weak. At present, the mainstream price of pure benzene in China is 9000-9350 yuan / ton, and the price of hydrogenated benzene fluctuates with that of pure benzene. At present, the market price of hydrogenated benzene in East China is about 9000-9100 yuan / ton. At the end of the month, affected by the loss of downstream commodity profits, some units were shut down to limit production, the overall demand in the plant slowed down, and the price of hydrogenated benzene fell slightly by about 100 yuan / ton, but the overall operation remained high.

 

In the future, the business news agency believes that pure benzene and crude oil are still at a high level, crude oil prices continue to rise, and the price of pure benzene in Asia has a certain correction, but the overall price is still at a high level. The regional price difference of domestic pure benzene is obvious. East China has been actively de stocking. Supported by the high external price, the current market price of pure benzene in East China remains high. The fundamental support is obvious, but at present, the downstream resistance is strong, the downstream profits are tightened, and the purchasing enthusiasm slows down. It is expected that the hydrobenzene market in the future will remain high and volatile in the short term, with some room for decline. In the future, we will focus on the impact of fundamental news such as pure benzene and crude oil on the market mentality and downstream demand.

http://www.pva-china.net