From September 9, 2022 to September 16, 2022, the ex factory price of hydrogenated benzene in North China rose overall, at 7800 yuan/ton last weekend, and 7866.67 yuan/ton this weekend, up 0.85% weekly.
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Main domestic market price of hydrogenated benzene this week (unit: yuan/ton)
Market, price on September 9, price on September 16, up and down
East China, 7800 ～ 7850, 7900 ～ 7950,+100
Shandong, 7650~7700., 7700~7750.,+50
In terms of crude oil, international crude oil futures fell sharply over the weekend. The settlement price of the main contract of the U.S. WTI crude oil futures was 85.10 dollars/barrel, down 3.38 dollars or 3.8%; The settlement price of the main contract of Brent crude oil futures was 90.84 dollars/barrel, down 3.26 dollars or 3.5%. WTI crude oil fell nearly 4%, hitting a one week low. At the macro level, the Federal Reserve may significantly increase interest rates, making the dollar stronger again, depressing oil price estimates. In addition, the expectation of global economic recession continues to depress oil prices.
The crude oil analysts of the business community believe that in the short term, the good news on the supply side of the oil market and the bad news on the demand side will continue to play a game. In particular, the trend of geopolitical tension is becoming more serious, and the oil price is subject to more interference factors, which will further aggravate the shock of the oil market. The probability of short-term oil market wide shocks is high.
Summary of Sinopec Pure Benzene Price Adjustment (Unit: yuan/ton)
Date., Adjusted Price., Adjusted Amount
August 11., 7950., – 200
August 16., 7750., – 200
August 18., 7500., – 250
August 30., 7600.,+100
September 6., 7750.,+150
On September 6, 2022, the ex factory price of Sinopec pure benzene will be increased by 150 yuan/ton, and the current implementation is 7750 yuan/ton.
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Other enterprises’ quotation: Jingbo Petrochemical quoted 7900 yuan/ton, HSBC Petrochemical quoted 7800 yuan/ton, Weilian Chemical quoted 7853 yuan/ton, Xinhai Petrochemical quoted 7850 yuan/ton, Hongrun Petrochemical quoted 7950 yuan/ton.
The K-bar chart of commodity prices reflects the weekly or monthly price changes in the form of a bar chart based on the concept of price trend K-line. Investors can buy, sell and invest according to the changes in the K-bar chart. Red means rising; Green means: down; The height of the K column indicates the range of rise and fall. The weekly K-bar chart of pure benzene shows that the price of pure benzene has fallen continuously since July, and it has recovered slightly in late August and early September.
This week, the pure benzene market rose first and then fell. At the beginning of the week, supported by the double positive effects of crude oil and styrene, the price of pure benzene rose, and downstream people generally purchased on demand. Their enthusiasm for purchasing high priced goods was limited, and the overall market transaction was average. In the near weekend, with the impact of the lower crude oil price and the overall decline of styrene, the price of pure benzene decreased slightly, and the market as a whole stayed on the sidelines. However, the ex factory price of benzene hydrogenation enterprises rose overall this week, driven by the improvement of downstream procurement. On the supply side, the operating rate of pure benzene declined slightly this week, and the arrival of cargoes in East China ports was delayed, resulting in a slight shortage of market supply. On the whole, the tight supply currently supports the pure benzene market, while crude oil, styrene and other recent shocks are large, and the guidance to the industrial chain is not obvious. In addition, the impact of stock preparation before the festival, it is expected that the overall market of the industrial chain will be dominated by strong shocks in the future, and the future market will focus on the trend of crude oil and downstream demand.
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