According to the Commodity Market Analysis System of Business Society, the auction price of crude benzene for the week from June 9 to June 16, 2023 was slightly reduced, from 5728.75 yuan/ton last weekend to 5416.25 yuan/ton this weekend, a weekly decrease of 5.45%.

In terms of crude oil: During this cycle, crude oil fell first and then rose. Overall, on June 12th, international crude oil futures closed lower. The settlement price of the main contract for WTI crude oil futures in the United States was $67.12/barrel, a decrease of $3.05 or 4.3%, reaching a low point in nearly three months. On June 15th, the settlement price of the WTI crude oil futures main contract was $70.62 per barrel, an increase of $2.35 or 3.4%. The overall trend of crude oil during the week was volatile.

On June 15th, international crude oil futures rose. The settlement price of the main contract for WTI crude oil futures in the United States was 70.62 US dollars per barrel, an increase of 2.35 US dollars or 3.4%. The settlement price of the Brent crude oil futures main contract was $75.67 per barrel, an increase of $2.47 or 3.4%. Unexpected retail growth in the United States in May, supported by positive employment data. The significant increase in processing capacity of Chinese refineries has led to a rebound in the oil market.

The factory price of Sinopec pure benzene decreased by 300 yuan/ton on June 13, 2023, and is currently at 6200 yuan/ton.

Other companies: Jingbo Petrochemical quoted 6400 yuan/ton, HSBC Petrochemical quoted 6500 yuan/ton, Weilian Chemical quoted 6133 yuan/ton, Xinhai Petrochemical quoted 6200 yuan/ton, and Hongrun Petrochemical quoted 6500 yuan/ton.

According to the Commodity Market Analysis System of Business Society, the price of pure benzene has slightly decreased this week. On June 12th, the price of pure benzene was 6442 yuan/ton, and on Friday (June 16th), the price of pure benzene was 6200 yuan/ton, a decrease of 4.68% from last week and 37.37% from the same period last year.

The K-bar chart of commodity prices uses the concept of a price trend K-line to reflect weekly or monthly price fluctuations in the form of a bar chart. Investors can buy and sell investments based on the changes in the K-bar chart. Red indicates an increase; Green indicates a decline; The height of the K-bar represents the range of fluctuations. The weekly K-bar chart of pure benzene shows that the pure benzene market has been declining for eight consecutive weeks, with both positive and negative trends in recent times.

In terms of industrial chain: the domestic pure benzene market continued to decline in this cycle, crude oil fell deeply at the beginning of the week, and the Asian pure benzene market declined. The domestic pure benzene inventory was high, and the pure benzene market was mixed with bad news. Near the weekend, the market news was that the domestic new devices would be put into production in the later stage, and the market expected loose supply, dragging down the pure benzene market mentality. The price of pure benzene in the week fell to 6100-6170 yuan/ton in East China, 6050-6100 yuan/ton in Shandong. The overall trend of the industrial chain is weak, driving a broad downward adjustment of related commodities this week.

This week, most crude benzene auctions went down, with Shanxi executing 5280-5350 yuan/ton and a decrease of 260-350 yuan/ton. The Shandong region implemented 5460 yuan/ton, with a decrease of 320 yuan/ton. On the supply side, the operating rate of coking enterprises has limited changes this week, while the supply of crude benzene has not changed much. In terms of demand, hydrogenated benzene has continued to decline, causing losses for enterprises. The operating rate has decreased due to increased equipment maintenance. This week, the mainstream factory price of hydrogenated benzene was between 6150 and 6200 yuan/ton, with a decrease of about 300 yuan/ton. After the overall performance of the industrial chain was weak and the downstream market continued to weaken, the operating rate of hydrogenation benzene decreased, the demand for crude benzene weakened, and the downstream price pressure mentality was strong. This week, most crude benzene auctions went down. Overall, the industrial chain is weakening, and the supply of crude benzene is tight, which has some resilience. However, there is a lack of downstream demand support, and there may be some room for decline. In the future, the Business Society predicts that the crude benzene market will operate weakly in the near future, with a focus on the trend of crude oil and the impact of downstream demand for pure benzene on the market.