From November 23 to 27, 2020, the market price of crude benzene will go down. The domestic ex factory price will be 2977 yuan / ton at the beginning of the week and 2886.25 yuan / ton at the weekend, with a weekly decrease of 3.05%.

Summary of Sinopec’s pure benzene price adjustment in November 2020 (unit: yuan / ton)

Date, adjusted price, adjusted amount

November 4, 3750, + 150

November 10, 3850, + 100

November 12, 4000, + 150

November 16, 4200, + 200

November 24, 4000, – 200

November 26, 4200, + 200

In November 2020, Sinopec’s pure benzene price increased five times and decreased once, with a cumulative increase of 600 yuan / ton. As of the 30th, all refineries under Sinopec had implemented the unified implementation of 4200 yuan / ton.

This week, the overall start-up of coking enterprises is still relatively high. After the seventh round of rising and landing of coke, the price of coke is temporarily high and stable. With the support of high profits of coking enterprises, enterprises are actively starting and selling well. Under the dual influence of environmental protection and de capacity in Shanxi, Shandong, Hebei, Henan and other regions, the operating rate in some areas has declined. This week, the price of pure benzene followed the trend of crude oil, and the price of pure benzene decreased by 200 yuan / ton on the 24th, and then decreased by 200 yuan / ton on the 26th. At present, the price is still 4200 yuan / ton. The bidding price of crude benzol in the main production areas will be lowered this week, while that in Shandong will be reduced by about 280 yuan / ton.

On the downstream side, the recent operating rate of hydrogenated benzene enterprises is stable at about 65%, which is on the rise as a whole. Some enterprises that shut down in the early stage started operation this month and have good demand for crude benzene.

In terms of aftermarket, the business agency believes that at present, the price of pure benzene fluctuates frequently and the port inventory is still high. However, the crude oil market is still performing well, and the external price of pure benzene is still high, which has certain support for the market. Market participants are generally optimistic about the future market, and the future market focuses on the price trend of downstream products and the external market trend.