The market price of hydrogenated benzene rose this week (October 19-23)

The commodity index of hydrogenated benzene on October 22 was 37.11, up 1.1 point compared with yesterday, 63.62% lower than 102.01 point (2014-01-09), 23.74% higher than 29.99 point 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 19 to 23 (unit: yuan / ton)


Regional prices rose and fell on the 19th and 23rd

East China 3500-3600 3600-3650 + 75

3150-3200 3500-3600 + 375 in Shandong


This week (October 19-23), the market price of hydrobenzene in Shandong Province rose, at 3175 yuan / ton at the beginning of the week and 3550 yuan / ton at the end of the week, up 375 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 16, the price will be 3600 yuan / ton.


After the festival, the pure benzene market is in the rising channel driven by the downstream styrene and the rising external market. Sinopec’s listing was raised twice on the 20th and 22nd, totaling 200 yuan / ton, and now it is 3600 yuan / ton. The crude benzene market was boosted and trading was active. This week, the bidding price of the main production areas increased significantly. The price of crude benzene rose by about 230 yuan / ton. The pressure of hydrogenation benzene increased. The operating rate dropped by about 5% this week. Some enterprises in Shandong and Shanxi entered the maintenance season.


On the downstream side, the comprehensive operating rate of downstream enterprises declined slightly this week, with better profits and positive start-up.


In terms of aftermarket, the business agency believes that the current rebound in the pure benzene market is mostly due to styrene. The price of styrene is relatively high, and the future market is expected to be dominated by high consolidation. The pure benzene market will mainly maintain consolidation next week. It is expected that the high consolidation of the future hydrobenzene market will mainly focus on the downstream demand and the positive impact of pure benzene.

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