From November 4, 2022 to November 11, 2022, the ex factory price of hydrogenated benzene in North China dropped sharply, at 7150 yuan/ton last weekend, and 6966.67 yuan/ton this weekend, a weekly drop of 2.56%.
Main domestic market price of hydrogenated benzene this week (unit: yuan/ton)
Market, price on November 4, price on November 11, up and down
East China, 7050 ～ 7150, 7000 ～ 7100., – 50
Shandong, 6900 ～ 6900., 6800 ～ 6900., – 50
Crude oil: On November 10, international crude oil futures prices rose. The settlement price of the main contract of US WTI crude oil futures was 86.47 US dollars/barrel, up 0.64 US dollars or 0.8%. The settlement price of the main contract of Brent crude oil futures was 93.67 dollars/barrel, up 1.02 dollars or 1.1%. The inflation data of the United States in October was lower than market expectations, supporting the rebound of oil prices, and diluting the fear of slowing fuel demand in Asia due to epidemic measures.
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Summary of Sinopec Pure Benzene Price Adjustment (Unit: yuan/ton)
Date., Adjusted Price., Adjusted Amount
November 2., 7200., – 250
November 4., 7000., – 200
The ex factory price of Sinopec’s pure benzene will be reduced by 200 yuan/ton on November 4, 2022, and the current price is 7000 yuan/ton.
Other enterprise quotations: Chambroad Petrochemical quoted 7000 yuan/ton, HSBC Petrochemical quoted 7050 yuan/ton, Weilian Chemical quoted 6903 yuan/ton, and Xinhai Petrochemical quoted 6950 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. It has slightly warmed up in late August and early September, and fell in October and November.
The overall pure benzene market was weak this week. At the beginning of the week, the trend of crude oil and styrene was volatile, the price of the external market fell slightly, the price of pure benzene fell slightly after the lack of support, and the factory price of Sinopec was also lowered to 7000 yuan/ton. With the price of pure benzene falling, the market became active, and some enterprises bought on the cheap, which boosted the market mentality of pure benzene. With the deal getting better and better, the market price stopped falling and stabilized, and the market negotiation price slightly warmed up. Near the weekend, crude oil weakened again, pure benzene lost its support again, and the price dropped slightly by 25-50 yuan/ton. The overall trend of the industrial chain was weak this week, and the price of hydrogenated benzene was dragged down. This week, the price dropped significantly, and the factory price dropped continuously. As of the press release, the mainstream factory price in Hebei was 6900-7000 yuan/ton. In the future market, the business community believes that at present, the pure benzene industry chain is dominated by negative factors, the crude oil is weak, the market atmosphere is low, and the price is expected to remain weak in the short term. In the future, we will focus on the trend of crude oil, styrene and downstream demand.
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