Tender price of crude benzene raised sharply this week (April 19-23)

From April 19 to April 23, 2021, the crude benzene market price decreased, and the domestic ex factory price was 4345 yuan / ton at the beginning of the week and 4775 yuan / ton at the end of the week, with a weekly rise of 9.9%.

In April 2021, Sinopec’s listed price of pure benzene was raised five times, and now it is 7300 yuan / ton, of which Qilu Petrochemical is 7250 yuan / ton. This week, it was raised twice, with a total of 450 yuan / ton.

This week, with the price of pure benzene rising, the domestic pure benzene station reached 7000 yuan / ton. Sinopec raised the ex factory price of pure benzene twice in a row, while the price of hydrogenated benzene increased significantly. Next week is approaching the 51st holiday, there is a certain demand for goods preparation in the downstream, and the unsaturated resin in the downstream of pure benzene is currently in the peak season of the industry, the styrene inventory is low, the spot circulation is tight, the market price is firm, multiple positive supports, and the price of hydrogenated benzene has increased significantly. Crude benzene market was supported by high price from downstream, and bidding price rose sharply this week.

In the future, the business community believes that there are many positive factors in the fundamentals, but the current price is relatively high, and the downstream enterprises are slightly resistant. Moreover, the pure benzene inventory in the port is stable at about 110000 tons, and the speed of de inventory is slowing down. In addition, hydrobenzene enterprises have a certain resistance to high price Crude Benzene and a strong price depression mentality, which is expected to be weak in the future.

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