Hydrobenzene market recovered this week (July 27-31)

The commodity index of hydrogenated benzene on July 30 was 34.49, which was the same as yesterday, decreased by 66.19% from 102.01 (2014-01-09), and increased by 15.01% from 29.99, the lowest point on April 07, 2020. (Note: the period refers to December 1, 2013 to now).

 

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Price rise and fall of domestic main hydrobenzene markets from July 27 to 31 (unit: yuan / ton)

 

Regional prices rose and fell on the 27th and 31st

East China 3200 ~ 3250 3300 ~ 3400 + 125

Shandong Province 2950-3100 3100-3200 + 125

Summary of price adjustment of pure benzene in Sinopec (North China) in July 2020 (unit: yuan / ton)

 

Price adjustment amount after date adjustment

July 1 3050 – 200

July 23 3100 + 50

July 27 3200 + 100

30 July 3300 + 100

In July 2020, Sinopec increased the ex factory price of pure benzene three times and lowered it once. As of the end of the month, Sinopec implemented 3300 yuan / ton of pure benzene in North China, an increase of 50 yuan / ton compared with the same period of last month.

 

This week, Sinopec’s listed price of pure benzene increased by 200 yuan / ton. The price of pure benzene in Shandong was boosted. This week, the price of pure benzene continued to rise. The focus of pure benzene market negotiation rose, and the fundamentals were highlighted. The external market of pure benzene recovered and rose for three consecutive days. Although the current port inventory is still high, there are purchase intentions in some markets near the end of the month, which supports the price rise of pure benzene. The price of hydrogenated benzene market is supported by the favorable fundamentals.

 

One week price change of hydrobenzene market in Shandong

 

Market July 27 July 28 July 29 July 30 July 31

Shandong Province: 2950 ~ 3100 2950 ~ 3100 3100 ~ 3150 3100 ~ 32003100 ~ 3200

 

It can be seen from the above figure that the market price of hydrogenated benzene in Shandong has continued to rise this week. Sinopec raised the ex factory price of pure benzene twice on the 27th and 30th, with an accumulative increase of 200 yuan / ton. The external market of pure benzene rose for four times. This week, the bidding price of crude benzene in Shandong increased by 155 yuan / ton, and the current implementation is 2470-2475 yuan / ton. Good fundamentals promote the recovery of hydrobenzene market, prices continue to rise this week, and some enterprises have plans to restart.

 

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Start up of some hydrogenated benzene units in 2020

 

Enterprise name device status device capacity remarks

Shandong Shengyun Chemical Park 100000 tons

Shandong Derun Chemical Park 150000 tons

Shandong Jinneng Chemical Industry Park 100000 tons

Panjin Ruide parking 200000 tons, there are plans in the near future, to be determined

Shandong Huineng chemical 50% 200000 tons

 

Recently, there are still a lot of overhauling in hydrogenated benzene enterprises, some of which have been shut down for more than three months. The units of Tangshan Baoshun, Panjin Ruide, Jinneng and shouchuang have been shut down. The restart time is still to be determined, and the overall operating rate in East China is still low.

 

The cost pressure of hydrogenated benzene enterprises remains, and there are still many maintenance devices. The profits of downstream products have improved recently, and the demand has slightly improved compared with the previous period.

 

In the aftermarket, the business club believes that the pressure of hydrobenzene market cost remains, and the crude oil price fluctuates, which has caused a certain degree of market wait-and-see sentiment. In the future, the market still needs to focus on the changes of pure benzene inventory.

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