The market dynamic benzene Market in October 28th

[chemical] Gade chemical network finance America as of Tuesday, WTI12 month crude oil futures fell $0.78, or 1.77%, at $43.20 / barrel, the international crude oil continued weak to run, the industry operating poor mentality. Although Europe and the United States outside the closed Tuesday relatively strong, America decline is not large, the Asia American spreads in 63.78 U.S. dollars / ton, the arbitrage window opens. But the current crude oil continued to decline, coupled with weak domestic demand, the lack of positive factors supporting the benzene market, people save bearish sentiment on the market outlook. Sinopec after the price adjustment, trade daily dish to decline, but the downstream demand, just need to purchase. At present, the downstream benzene styrene market steady decline in short-term shocks, maintain. The expected short-term benzene market weakening operation.

In October 28th, Sinopec Huabei sales company of benzene Guapaijia temporarily stabilized, the implementation of 4400 yuan / ton. The inventory pressure is not high, stable sales contract. Qilu Petrochemical, Shijiazhuang refinery, Tianjin Petrochemical, Ji’nan refinery, the uniform implementation of 4400 yuan / ton. Sinopec Southern China branch sales benezene temporary price stability, the implementation of 4400 yuan / ton, the export is not much, the main contract delivery, inventory general. Central sales branch of Sinopec benzene Guapaijia temporarily stabilized, Changling petrochemical refinery, Wuhan, Wuhan, Jingmen Luoyang ethylene implementation of 4400 yuan / ton, inventory pressure is not high, stable sales. Sinopec East China sales company benzene Guapaijia temporarily stabilized, the implementation of 4400 yuan / ton, inventory pressure is not high, stable sales contract. Zhenhai, Shanghai petrochemical, Jinling Petrochemical, Yangzi Petrochemical, Jiujiang Petrochemical 4400 yuan / ton. In the Northeast Petroleum Benzene prices temporarily stabilized, Daqing petrochemical, Liaoyang petrochemical, Jilin petrochemical and Fushun Petrochemical 4400 yuan / ton, the export part of the supply in North China, mainly for personal use. In the Northwest Petroleum Benzene prices temporarily stabilized, the implementation of 4400 yuan / ton, the export of normal, Urumqi petrochemical and Lanzhou Petrochemical to East China export prices 4400 yuan / ton, inventory pressure is relatively high. Sinopec Shanghai Petrochemical benzene Limited by Share Ltd temporary price stability, the implementation of 4400 yuan / ton. (source: social business)

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