The commodity index of hydrogenated benzene on October 29 was 38.05, down 0.03 points compared with yesterday, 62.70% lower than 102.01 points (2014-01-09), 26.88% higher than 29.99 points on April 07, 2020. (Note: the period refers to December 1, 2013 to now).
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Price rise and fall of domestic main hydrobenzene markets from October 26 to 30 (unit: yuan / ton)
Regional prices rose and fell on the 26th and 30th
East China 3450-3600 3500-3600 – 25
Shandong area 3500 ～ 3550 3350 ～ 3400 – 150
This week (October 26-30), the market price of hydrobenzene in Shandong Province was mainly downward, with 3525 yuan / ton at the beginning of the week and 3375 yuan / ton at the weekend, down 150 yuan / ton.
Summary of price adjustment of pure benzene in Sinopec (East China) in October 2020 (unit: yuan / ton)
Price adjustment amount after date adjustment
October 9 3300 – 150
October 14 3350 + 50
October 16 3400 + 50
October 20 3500 + 100
October 22 3600 + 100
In October 2020, the price of pure benzene of Yangzi Petrochemical (Sinopec East China) will be lowered once and increased four times. As of October 22, the price will be 3600 yuan / ton.
This week, as the external market of pure benzene and the crude oil market both fell, the hydrobenzene market fell. Last week, the hydrobenzene market went up sharply with the price of pure benzene. The cost of downstream products increased and the profit decreased. They were against the high price. The purchasing enthusiasm was general, and replenishment was mainly on demand. This week, the tender price of crude benzene was lowered, and the price of Shandong Province was reduced by about 120 yuan / ton.
In terms of downstream demand, the main demand areas in East China and North China are concentrated in the maintenance of downstream devices from late October to November, and the overall market demand is expected to weaken to some extent. However, at the end of the fourth quarter, new production capacity will be put into production in North China. At present, the market mentality remains stable for a long time.
As for the aftermarket, the business community believes that styrene’s impact on the industrial chain will be weakened this week, and the market trend will mainly follow the changes of supply and demand. In the short term, the hydrobenzene market will be mainly consolidated. In the fourth quarter, we should still focus on the impact of new downstream capacity and crude oil price on the market.
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