Market price of main domestic hydrogenated benzene Market on February 17 (unit: yuan / ton)
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Market, Price on February 10, Price on February 17, Rise and fall
East China, 8025.,7850.,- one hundred and seventy-five
Shandong Province, 8025.,7750.,- two hundred and seventy-five
Summary of price adjustment of Sinopec pure benzene (unit: yuan / ton)
Date, Adjusted price, Adjustment amount
January 11, 7400.,+100
January 14, 7550.,+150
January 19, 7700.,+150
February 7, 8100.,+400
February 11, 7950.,-150
On February 11, 2021, the listing price of pure benzene of Sinopec was reduced by 150 yuan / ton to 7950 yuan / ton, and that of Qilu Petrochemical was 7900 yuan / ton.
Crude oil: on February 16, the price of international crude oil futures rose. The settlement price of the main contract of WTI crude oil futures in the United States was US $93.66/barrel, up US $1.59 or 1.7%, and the settlement price of the main contract of Brent crude oil futures was US $94.81/barrel, up US $1.53 or 1.6%. US Energy Information Administration (EIA) data showed that US fuel demand hit a record high, and oil prices were boosted upward.
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In the first week after the festival, with the joint support of crude oil and pure benzene, the bidding price of crude benzene increased significantly by 370 yuan / ton. Crude oil prices fluctuated significantly this week, especially on Tuesday, February 15, when international crude oil futures prices fell sharply. WTI settled at US $92.07/barrel, down US $3.39 or 3.6%. The sharp decline of crude oil affected the market mentality, while the affected price of pure benzene fell again. The market actively digested the inventory, and the price of hydrogenated benzene mainly fell this week following the trend of pure benzene.
In terms of the future market fundamentals, the downstream demand still exists, and the high crude oil price still supports the market. However, the recent price fluctuations are frequent, and the future market guidance is limited. It is expected that the support of the industrial chain in the short term will be acceptable, and the price of pure benzene will continue to fluctuate.
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