Hydrogenated benzene prices rose (April 29 to May 7)

From April 29 to May 7, 2022, the ex factory price of hydrogenated benzene in North China decreased, from 8550 yuan / ton last weekend to 8662.5 yuan / ton this weekend, up 1.32% this week.

 

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Price of main domestic hydrogenated benzene market from April 29 to May 7 (unit: yuan / ton)

 

Market, Price on April 29, Price on May 7, Rise and fall

East China, 8600~8700., 8850~8950.,+ two hundred and fifty

Shandong Province, 8300~8350., 8600~8700.,+ three hundred and twenty-five

 

International oil prices rose as a whole this week. On May 5, international crude oil futures continued the rise of the previous trading day and rose slightly. The settlement price of the main contract of WTI crude oil futures in the United States was US $108.26/barrel, up US $0.45 or 0.4%; The settlement price of the main contract of Brent crude oil futures was US $110.90/barrel, up US $0.76 or 0.7%. Earlier, the EU formulated a plan to gradually stop importing Russian oil, and the oil embargo triggered concerns about supply tightening. At the same time, the decline in demand caused by epidemic control measures in Asia, the strengthening of the US dollar and the downward pressure on global stock markets limited the rise of oil prices.

 

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

 

Date, Adjusted price, Adjustment amount

March 24, 8600.,+200

April 12, 8450.,-150

April 27, 8550.,+100

April 28, 8700.,+150

May 5, 8850.,+150

May 7, 8950.,+100

Sinopec raised the ex factory price of pure benzene twice in a row during the week. On May 7, 2022, Sinopec raised the listing price of pure benzene by 100 yuan / ton, with the implementation of 8950 yuan / ton.

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Other enterprises: Dongming Petrochemical offers 8650 yuan / ton, HSBC Petrochemical offers 9000 yuan / ton, Jincheng Petrochemical offers 8720 yuan / ton, Weilian chemical offers 8753 yuan / ton, Xinhai Petrochemical offers 8800 yuan / ton, and Hongrun Petrochemical offers 8900 yuan / ton.

 

Recently, crude oil prices have continued to rise, and the price of pure benzene in the external market has followed the rise, which is basically well supported by pure benzene. Sinopec has continuously raised the ex factory price of pure benzene to 8950 yuan / ton during the week, which once again boosted the confidence of the domestic market, and the price of local refining has increased significantly. In terms of inventory, at present, the inventory of pure benzene in East China has continuously decreased, while the inventory of some subordinate enterprises of Sinopec has tightened, and the price of pure benzene has been rising all the way with multiple positive supports, By the time of publication, the price of pure benzene in the domestic mainstream market is about 8650-9000 yuan / ton, and the price of hydrogenated benzene is rising. At present, the market price in East China has risen to about 8850-8950 yuan / ton. On the whole, at present, the fundamentals are good, the support is strong, and the downstream demand is OK, which boosts the overall trend of the industrial chain. It is expected that the market will remain stable, medium and strong 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.

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