From April 12 to April 16, 2021, the crude benzene market price decreased. The domestic ex factory price was 4399 yuan / ton at the beginning of the week and 4345 yuan / ton at the end of the week, with a weekly drop of 1.23%.

In April 2021, Sinopec’s pure benzene listing price was raised four times, and now it is 7000 yuan / ton, among which Qilu Petrochemical is 6800 yuan / ton, and this week it is raised once, with a total of 150 yuan / ton.

The bidding price of crude benzene was lowered this week, and the bidding price in Shandong was lowered to 4280-42854150 yuan / ton, 230 yuan / ton lower than last week. At the beginning of the week, affected by the poor performance of styrene downstream of pure benzene, the price of domestic pure benzene market mainly declined, while the price of hydrogenated benzene followed the downward trend, which had certain pressure factors on crude benzene. This week, the bidding price declined, and the overall market transaction was general. As the styrene futures price strengthened, the price of pure benzene rose. Sinopec’s ex factory price of pure benzene rose on Thursday, which brought better support to the market.

In the future, the business community believes that the frequent price increase of Sinopec’s pure benzene is good for the downstream hydrogenated benzene market. The price of hydrogenated benzene is expected to rise, and the crude benzene price is expected to have room to make up next week.