On June 6, the commodity index of hydrobenzene was 84.71, which was the same as yesterday, decreased by 16.96% compared with the highest point of 102.01 points (2014-01-09) in the cycle, and increased by 182.46% compared with the lowest point of 29.99 points on April 7, 2020（ Note: period refers to the period from December 1, 2013 to now).

Price fluctuation of main domestic hydrogenated benzene market from May 31 to June 4 (unit: yuan / ton)

Region, price on May 31, price on June 4, weekly rise and fall

East China, 7450., 7850., + 400

Shandong area, 7350., 7600., + 250

This week (May 31 to June 4) the market price of hydrobenzene in Shandong rose, at 7350 yuan / ton at the beginning of the week and 7600 yuan / ton at the end of the week, up 250 yuan / ton.

Summary of price adjustment of Sinopec’s pure benzene in 2021 (unit: yuan / ton)

Date, adjusted price, adjusted amount

May 7, 7700, + 300

May 10, 8000, + 300

May 12, 8200, + 200

May 24, 7900, – 300

May 28, 7600, – 300

June 4, 7900, + 300

On June 4, 2021, Sinopec’s registered price of pure benzene was increased by 300 yuan / ton. At present, it implements 7900 yuan / ton, of which Qilu Petrochemical implements 7850 yuan / ton.

The pure benzene Market stopped falling and rebounded this week. The price of styrene rebounded this week driven by the favorable international market. The futures market first rebounded, and the supply side was favorable due to the shutdown of devices in the spot market. The overall market performance was good. The upstream pure benzene began to pick up on Tuesday, and the market of hydrogenated benzene rose.

In the future, the business community believes that the price of pure benzene market is high, the downstream market is weak, and the support for pure benzene is limited. It is expected that the pure benzene industry chain will maintain high volatility in the short term.