From February 3 to February 10, 2023, the weekly bidding price of crude benzene was mainly down, at 5725 yuan/ton at the end of last week, and at 5593 yuan/ton at the end of this week, with a weekly decrease of 2.31%.
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International crude oil futures closed slightly lower on February 9. The settlement price of the main contract of US WTI crude oil futures was 78.06 US dollars/barrel, down 0.41 US dollars or 0.5%. The settlement price of the main contract of Brent crude oil futures was US $84.50/barrel, down US $0.59 or 0.7%.
The ex-factory price of Sinopec pure benzene increased by 100 yuan/ton on January 13, 2023, and the current price is 6950 yuan/ton.
Other enterprises: Jingbo Petrochemical quoted 6950 yuan/ton, HSBC Petrochemical quoted 7000 yuan/ton, Weilian Chemical quoted 6903 yuan/ton, Xinhai Petrochemical quoted 6850 yuan/ton, and Hongrun Petrochemical quoted 7000 yuan/ton.
The commodity price K-bar chart uses the concept of price trend K-line to reflect the weekly or monthly price changes in the form of bar chart. Investors can buy and sell investments according to the changes in the K-bar chart. Red indicates: rising; Green means: down; The height of the K column indicates the range of rise and fall. The weekly K-column chart of pure benzene shows that after entering July, the price of pure benzene continued to decline, slightly warmed at the end of August and the beginning of September, and the price mainly declined from October to December, and warmed in January.
In terms of industrial chain: the mixed benzene market fell first and then rose at the beginning of this week, and the crude oil and styrene market both weakened in the early stage, which affected the mentality of the pure benzene market. In addition, the pure benzene inventory was at a high level as a whole, the market trading was slightly light, and the price was down. In the later period, the crude oil rose, the styrene market rose, the pure benzene market atmosphere rose, and the market price rose slightly. The price of hydrogenation benzene is mainly weak this week, and the price of main production areas has been slightly reduced, and the current price is about 7000 yuan/ton.
The crude benzene market this week was dragged down by the decline of pure benzene at the beginning of the week, and the auction price of this week was mainly down. The main production area in Shandong Province was 5700-5710 yuan/ton, down 130 yuan/ton from last week. In terms of supply, the operating rate of coking enterprises this week has not changed much compared with the previous period, and the overall operation is OK, and the crude benzene supply is sufficient. In terms of demand, the overall hydrogenation benzene market this week was weak, the operating rate was basically flat compared with the previous period, and the demand for crude benzene remained. The price decline this week was mainly affected by the decline of the industrial chain. In general, crude benzene demand support still exists, but the recent trend of crude oil has fluctuated greatly. The price of hydrogenation benzene has declined due to insufficient market guidance. The price of crude benzene is expected to be subject to narrow adjustment. The future market will focus on the impact of the trend of basic products such as crude oil and styrene on the market mentality.
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