Hydrobenzene market price falls this week (November 23-27)

The commodity index of hydrogenated benzene on November 26 was 44.15, which was 0.97 points lower than yesterday, 56.72% lower than 102.01 points (2014-01-09), and 47.22% higher than 29.99 points, 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 23 to 27 (unit: yuan / ton)

 

Region, price on 23rd, price on 27th, up and down every week

In East China, 4150-42504100-4200, – 50

In Shandong Province, 4000-41003750-3850, – 250

 

This week (November 23-27), the market price of hydrogenated benzene in Shandong Province mainly fell, with 4050 yuan / ton at the beginning of the week and 3800 yuan / ton at the end of the week, down 250 yuan / ton.

 

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

 

Date, adjusted price, adjusted amount

November 4, 3750, + 150

November 10, 3850, + 100

November 12, 4000, + 150

November 16, 4200, + 200

November 24, 4000, – 200

November 26, 4200, + 200

In November 2020, Sinopec’s pure benzene price increased five times and decreased once, with a cumulative increase of 600 yuan / ton. As of the 30th, all refineries under Sinopec had implemented the unified implementation of 4200 yuan / ton.

 

This week, the price of hydrogenated benzene followed the trend of pure benzene, and the overall decline in Shandong was dominated. This week, the market price of pure benzene followed the trend of crude oil, and the price first fell and then rose. So far, the inventory of pure benzene was still high, maintained at about 250000 tons. Generally speaking, the operating rate of downstream was improved, mainly due to the increase of aniline operating rate. The mainstream negotiation price of pure benzene in Shandong was around 3950 yuan / ton, which was higher than that The market price of hydrogenated benzene in Shandong area fell with the decrease of 300 yuan / ton.

 
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 terms of aftermarket, the business agency believes that at present, the price of pure benzene fluctuates frequently and the port inventory is still high. However, the crude oil market is still performing well, and the external price of pure benzene is still high, which has certain support for the market. Market participants are generally optimistic about the future market, and the future market focuses on the price trend of pure benzene downstream products and the external fluctuation of pure benzene.

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