From February 1, 2021 to February 5, 2021, the crude benzene market price was mainly downward, and the domestic ex factory price was 2976.25 yuan / ton at the beginning of the week and 3317 yuan / ton at the end of the week, with a weekly rise of 11.45%.
On February 4, Sinopec’s listed price of pure benzene was increased by 150 yuan / ton compared with the previous day, and 5150 yuan / ton was implemented after the adjustment. Among them, Qilu Petrochemical Company implemented 4950 yuan / ton. It’s only five days since the last price adjustment on January 30, with a continuous rise of 350 yuan / ton within five days.
Driven by the sharp rise in the price of pure benzene, a product related to the industrial chain, the price of hydrogenated benzene in Shandong rose sharply for two consecutive days from Wednesday, with a cumulative increase of 950 yuan / ton. On Thursday, the mainstream coking enterprises in Shandong increased the bidding price of crude benzene by 450 yuan / ton. In recent years, the profit of coking enterprises is high, the price of coke has reached the highest point in nearly 10 years, the enterprises are actively starting, and the crude benzene supply is sufficient. As a substitute for pure benzene, the trend of downstream hydrogenated benzene is basically consistent with that of pure benzene. Driven by the market price and the improvement of purchasing enthusiasm in East China, the market of hydrogenated benzene has been rising all the way. Although the price in Shandong rose late, it rose a lot. The profit of hydrogenated benzene rebounded, the recent start-up was good, and the demand for crude benzene was well supported.
The recent start-up of hydrobenzene unit is good, and some enterprises that reduced the load in the early stage started to improve this week. However, there are still some enterprises that shut down last year that have not started yet.
The business association thinks that the sharp rise of pure benzene this time is mainly due to the release of good news from the supply side, which caused the centralized purchase in the market in a short period of time, leading the concentrated rise of market price. However, this time, the rise is relatively large and the time is relatively concentrated, and some of the post Festival gains have been digested in advance. When the stock tide is over, the price will gradually return to rationality.
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