Hydrobenzene market price rises this week (November 30 to December 4)

The commodity index of hydrobenzene on December 5 was 44.70, which was the same as yesterday, decreased by 56.18% from 102.01 (2014-01-09), and increased by 49.05% from 29.99, the lowest point on April 07, 2020. (Note: the period refers to December 1, 2013 to now).

 

Price rise and fall of domestic main hydrobenzene markets from November 30 to December 4 (unit: yuan / ton)

 

Gamma Polyglutamic Acid

Region, 30 days price, 4 days price, weekly up and down

In East China, 4100-4200, 4450-4550, + 350

In Shandong Province, 3750-3850, 4200-4250, + 425

 

This week (November 30 to December 4), the market price of hydrogenated benzene in Shandong Province mainly fell, with 3800 yuan / ton at the beginning of the week and 4225 yuan / ton at the weekend, up 425 yuan / ton.

 

Summary of Sinopec’s pure benzene price adjustment in December 2020 (unit: yuan / ton)

 

Date, adjusted price, adjusted amount

December 2. 4300, + 100

December 4, 4400, + 100

In December 2020, Sinopec’s pure benzene price increased twice and decreased once, with a cumulative increase of 200 yuan / ton. As of the 30th, Sinopec’s refineries implemented a unified implementation of 4400 yuan / ton.

 

This week, pure benzene continued to make efforts. The sharp rise in the external price of pure benzene in the United States led to a rise in the external price of pure benzene at the end of the last year. The domestic price of pure benzene rose in response to the call, and the price in East China was first raised. North China and other places followed up. Sinopec’s pure benzene price increased by 100 yuan / ton, and the price of 4400 yuan / ton was implemented as of December 4. In terms of operating rate, this week’s operating rate has declined slightly, with the comprehensive operating rate of about 72%. In terms of inventory, the inventory in East China this week decreased slightly compared with last week, and is currently maintained at about 250000 tons. This week, the price of hydrobenzene followed the trend of pure benzene, and the price in Shandong rose. As of the 4th day, the price of hydrogenated benzene in Shandong was 4225 yuan / ton, up 425 yuan / ton compared with last week.

 

Start up of some hydrogenated benzene units in December 2020

 

Enterprise name, plant status, plant capacity, remarks

Shandong Shengyun chemical, shutdown, 100000 tons, restart time to be determined

Derun chemical, shut down, 150000 tons, shutdown and restart time to be determined in February

Shandong Jinneng Chemical Co., Ltd., shutdown, 100000 tons, shutdown and restart time to be determined in July

Hebei Jiantao, parking, 100000 tons, planned to start in the near future

Panjin Ruide, normal, 230000 tons, start on November 15

Angang, normal, 150000 tons, start up on November 10

Recently, the operating rate of hydrogenated benzene enterprises has been stable at about 65%, which is on the rise as a whole. Some enterprises that shut down in the early stage started construction this month, especially in Northeast China.

 

In the future market, the business agency believes that the price support of pure benzene and crude oil is good, the port inventory is slightly reduced, and the external price of pure benzene is still high, which has certain support for the market. Market participants generally look forward to the future market, and the future market focuses on the price trend of pure benzene downstream products and the fluctuation of pure benzene external market.

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