On March 30, the hydrobenzene commodity index was 93.27, unchanged from yesterday, down 8.57% from the highest point of 102.01 in the cycle (2014-01-09), and up 211.00% from the lowest point of 29.99 on April 7, 2020. (Note: the period refers to the period from December 1, 2013 to now).
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Summary of price adjustment of Sinopec pure benzene (unit: yuan / ton)
Date, Adjusted price, Adjustment amount
March 3, 8200.,+300
March 4, 8500.,+300
March 7, 8750.,+250
March 9, 8900.,+150
March 14, 8600.,-300
March 16, 8200.,-400
March 22, 8400.,+200
March 24, 8600.,+200
On March 24, 2022, the listing price of Sinopec pure benzene was increased by 200 yuan / ton and 8600 yuan / ton.
Other enterprises: Jincheng Petrochemical offers 8400 yuan / ton, Weilian chemical offers 8503 yuan / ton, Xinhai Petrochemical offers 8450 yuan / ton, and Hongrun Petrochemical offers 8500 yuan / ton.
Crude oil: affected by the uncertainty of geopolitical situation, crude oil showed an overall upward trend this month, and the price fluctuated widely. The United States and its allies discussed sanctions on Russian energy, deepening market concerns about supply risks. As of March 28, Brent rose 11.49 USD / barrel, or 11.38%; WTI rose $10.24/barrel, or 10.7%. On March 30, the price of international crude oil futures rebounded. The settlement price of the main contract of WTI crude oil futures in the United States was US $107.82/barrel, up US $3.58 or 3.4%; The settlement price of the main contract of Brent crude oil futures was US $111.44/barrel, up US $3.73 or 3.5%. Data released by the US Energy Information Administration (EIA) on Wednesday showed that US crude oil inventories fell continuously, indicating that supply is still tight; In addition, the market is worried that Western sanctions against Russia continue to escalate, and the situation in Russia and Ukraine is still difficult to improve in the short term, and the risk of supply interruption remains in the future.
In March 2022, the hydrobenzene market fluctuated upward. The ex factory price in North China was 8025 yuan / ton at the beginning of the month and 8400 yuan / ton at the end of the month, with a monthly increase of 4.67%.
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Basically, due to geopolitical factors, crude oil continued to rise as a whole this month. Driven by the rising cost, the price of pure benzene rose by more than 10% in early March. However, crude oil continued to rise, pure benzene and its downstream profit space were compressed, some units stopped to reduce the burden, and the demand for pure benzene was weak. Superimposed on the impact of domestic public health events, the transportation in many places is limited, the inventory of enterprises in some regions is accumulated, and the price drops rapidly from a high level. Late this month, in the face of market concerns about the increased risk of oil supply, crude oil prices rose again, and pure benzene rebounded with crude oil. However, weak demand and blocked transportation limited the increase. As the price of crude oil started to rise at the beginning of this month, the price of crude oil can rise strongly after the start of maintenance of benzene hydrogenation unit. At present, the price of crude oil can rise to a certain extent, driven by the correction of crude oil prices at the beginning of this month. However, in the middle and late of this month, with the transportation blocked, the overall shipment of hydrogenated benzene is not smooth, so the price increase this month is less than that of pure benzene.
In the future, the business agency believes that at present, pure benzene is obviously affected by the fluctuation of crude oil trend. In terms of demand, some downstream enterprises have insufficient profit space and lack of power to catch up, and some factories shut down to reduce the burden. The demand is limited, and the upward pressure of pure benzene increases, which may fall; If crude oil continues to rise, or support pure benzene to rise. Continue to pay attention to the impact of the international crude oil market, the external market, the dynamics of pure benzene and downstream devices, and changes in demand on the price of pure benzene.
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