On February 27, the crude benzene commodity index was 102.30, unchanged from yesterday, down 22.41% from the highest point of 131.84 in the cycle (January 28, 2013), and up 234.97% from the lowest point of 30.54 on April 8, 2020. (Note: the period refers to the period from September 1, 2011 to now).
| Azodicarbonamide (AC foaming Agent) |
In February 2022, the crude benzene market rose at the beginning of the month and fluctuated in the middle of the month. The domestic ex factory price of crude benzene was 5999 yuan / ton at the beginning of the month and 6533 yuan / ton at the end of the month, with a monthly increase of 8.9%.
Summary of price adjustment of Sinopec pure benzene (unit: yuan / ton)
Date, Adjusted price, Adjustment amount
July 2, 8100.,+400
February 14, 7950.,-150
February 18, 7750.,-200
February 24, 7900.,+150
On February 24, 2022, the listing price of Sinopec pure benzene was increased by 150 yuan / ton, 7900 yuan / ton, and Qilu Petrochemical 7850 yuan / ton.
Other enterprises: Dongming Petrochemical offers 8000 yuan / ton, HSBC Petrochemical 7900 yuan / ton, Jincheng Petrochemical 7950 yuan / ton, Weilian chemical 8003 yuan / ton, Xinhai Petrochemical 7950 yuan / ton and Hongrun petrochemical 8450 yuan / ton.
Crude oil rose mainly this month. Positive: the prospect of crude oil demand is good and the geopolitical situation is tense; Bearish: positive signals from Iran’s nuclear negotiations. As of February 25, Brent rose $6.72 / barrel, or 7.37%; WTI rose $3.44/barrel, or 3.9%. On February 25, the price of international crude oil futures fell. Us WTI crude oil futures contract settlement price in April was US $91.59/barrel, down US $1.22 or 1.31%; The settlement price of Brent crude oil futures contract in April was US $95.42/barrel, down US $1.15 or 1.20%.
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During the Spring Festival, the strong rise of crude oil led to the positive follow-up of relevant energy and chemical products. The shipment of pure benzene from local refining enterprises in Shandong Province was good, and the price rose actively. After the festival, Sinopec raised the price of pure benzene to 8100 yuan / ton, and the market negotiation was positive. However, with the weakening of crude oil support and the limited follow-up of downstream end products, the whole pure benzene industry chain weakened, the holders took profits and the price fell continuously. In late June, tensions between Russia and Ukraine escalated, crude oil rose significantly in the short term, the cost side drove pure benzene to rise, and the price rebounded rapidly. The hydrogenated benzene market closely follows the trend of pure benzene. In the first half of the month, the behavior is dominant, and the second half of the month enters the consolidation shock period. In terms of crude benzene, it followed the overall upward trend of the industrial chain at the beginning of the month. In the middle of the month, with the interweaving of bad and positive factors, the crude benzene price fluctuated and the price fluctuation was limited.
In terms of commencement: the recent commencement of coking enterprises is still low, the overall output of coke and by-products is low, and the supply is slightly tight.
In the future, the business agency believes that at present, pure benzene is obviously affected by the fluctuation of crude oil trend. In terms of demand, some downstream profit space is insufficient and the pursuit of growth is weak. Some factories stop to reduce the burden, the demand is limited, and the upward pressure of pure benzene increases, which may fall back; If crude oil continues to rise, or support pure benzene to rise. Continue to pay attention to the impact of the international crude oil market, the external market, the dynamics of pure benzene and downstream devices, and changes in demand on the price of pure benzene.
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