Crude benzene market fluctuated in July 2020

The commodity index of hydrogenated benzene on July 30 was 35.46, flat compared with yesterday, 65.16% lower than the highest point 102.01 in the cycle (2014-01-09), and 18.51% higher than the lowest point 29.99 on April 07, 2020. (Note: the period refers to December 1, 2013 to now).

 

Benzalkonium chloride

In July 2020, the crude benzene market fluctuated. The ex factory price in North China decreased by 3.95% from 2531.67 yuan / ton at the beginning of the month to 2431.67 yuan / ton at the end of the month.

 

Summary of price adjustment of pure benzene in Sinopec (North China) in July 2020 (unit: yuan / ton)

 

Price adjustment amount after date adjustment

July 1 3050 – 200

July 23 3100 + 50

July 27 3200 + 100

30 July 3300 + 100

In July 2020, Sinopec increased the ex factory price of pure benzene three times and lowered it once. As of the end of the month, Sinopec implemented 3300 yuan / ton of pure benzene in North China, an increase of 50 yuan / ton compared with the same period of last month.

 

The crude benzene market is mainly volatile this month. At the beginning of the month, affected by the slight rebound of pure benzene market price in Shandong, the price went up, and then affected by the continuous rise of inventory, the market mentality was slightly poor, and the price tended to be stable. In the middle of the month, it was difficult to get support from downstream demand, and the price began to decline. In the middle of the month, the downstream hydrobenzene enterprises and pure benzene downstream enterprises had maintenance plans, and the operating rate dropped by 5% Around, crude benzene demand is expected to be poor, crude benzene pressure decline. At the end of the month, affected by Sinopec’s two consecutive increases in the ex factory price of pure benzene, the tender price of crude benzene recovered, the downstream styrene market also slightly improved in the same period, the aniline inventory pressure eased, the price rose slightly, the hydrobenzene market fundamentals and the downstream good led to the market price increase, and the crude benzene market entered the upward channel.

 

The bottom support of the pure benzene market was stronger, and the external market of pure benzene rose for four consecutive days. Although the port inventory was still high, there was some market purchase intention near the end of the month, which supported the price of pure benzene, and the hydrobenzene market followed the price of pure benzene. Crude benzol experienced the fluctuation of auction and price reduction near the end of the month, which supported the price rebound at the end of the month.

Sodium Molybdate

 

Start up of some hydrogenated benzene units in 2020

 

Enterprise name device status device capacity remarks

Shandong Shengyun Chemical Park 100000 tons

Shandong Derun Chemical Park 150000 tons

Shandong Jinneng Chemical Industry Park 100000 tons

Panjin Ruide parking 200000 tons, there are plans in the near future, to be determined

Shandong Huineng chemical 50% 200000 tons

There are still many downstream hydrogenated benzene enterprises for maintenance, some of which have been shut down for more than three months. The units of Tangshan Baoshun, Panjin Ruide, Jinneng and shouchuang have been shut down. The restart time is still to be determined. The overall operating rate in East China is still low, and the demand for crude benzene is limited.

 

In the aftermarket, the business club believes that the pressure of hydrobenzene market cost remains, and the crude oil price fluctuates, which has caused a certain degree of market wait-and-see sentiment. In the future, the market still needs to focus on the changes of pure benzene inventory.

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