From October 28, 2022 to November 4, 2022, the ex factory price of hydrogenated benzene in North China dropped significantly, at 7733.33 yuan/ton last weekend, and 7150 yuan/ton this weekend, a weekly drop of 7.54%.
| PVA 1799 (PVA BF17) |
Main domestic market price of hydrogenated benzene this week (unit: yuan/ton)
Market, price on October 28, price on November 4, up and down
East China, 7550 ～ 7600., 7050 ～ 7150., – 500
Shandong Province, 7400 ～ 7450, 6900 ～ 6900., – 550
Crude oil: On November 3, international crude oil futures prices fell. The settlement price of the main contract of US WTI crude oil futures was 88.17 dollars/barrel, down 1.33 dollars or 2.0%; The settlement price of the main contract of Brent crude oil futures was 94.67 dollars/barrel, down 1.49 dollars or 1.5%. The US dollar rose as the Federal Reserve raised interest rates, and the market’s concern about the global economic recession depressed fuel demand. Oil prices are under pressure.
Summary of Sinopec Pure Benzene Price Adjustment (Unit: yuan/ton)
Date., Adjusted Price., Adjusted Amount
October 8., 8000.,+150
October 10., 8200.,+200
October 13., 8000., – 200
October 18., 7850., – 150
October 26., 7650., – 200
October 31., 7450., – 200
November 2., 7200., – 250
The ex factory price of Sinopec’s pure benzene will be reduced by 250 yuan/ton on November 2, 2022, and the current price is 7200 yuan/ton.
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Other enterprise quotations: Chambroad Petrochemical quoted 7000 yuan/ton, HSBC Petrochemical quoted 7250 yuan/ton, Weilian Chemical quoted 6903 yuan/ton, and Xinhai Petrochemical quoted 7050 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 pure benzene market continued its decline this week, with negative factors dominating. Crude oil and styrene continued to fall this week, affecting the market mentality on the floor, while the price of pure benzene in the external market fell sharply this week, which had a great impact on the market. The atmosphere on the floor continued to be bearish. Sinopec lowered the ex factory price of pure benzene twice this week, with a cumulative reduction of 450 yuan/ton. In terms of supply, the arrival of East China to Hong Kong is expected to increase in the future market. The supply of pure benzene is relatively loose, which once again affects the market mentality. At present, the atmosphere in the market is cold, and the hydrogenation benzene market follows the trend of pure benzene. This week, it dropped by 500-600 yuan/ton, and the ex factory price in Hebei, the main production area, dropped to 7100-7150 yuan/ton. In the future, the business community believes that the overall negative factors of the pure benzene industry chain are dominated by the low market atmosphere. It is expected that the price will 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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