From March 3 to March 10, 2022, the ex-factory price of hydrobenzene in North China increased by 4.3% from 6983.33 yuan/ton at the end of last week to 7283.33 yuan/ton at the end of this week.

In terms of crude oil, this week’s crude oil market was shrouded in a negative atmosphere. The market was worried that the Federal Reserve might raise interest rates aggressively, which would add to the sharp increase in the United States refined oil storage. Concerns about the future economic and demand prospects remained. International crude oil futures rose on March 10. The settlement price of the main contract of US WTI crude oil futures was 76.68 US dollars/barrel, up 0.96 US dollars or 1.3%. The settlement price of the main contract of Brent crude oil futures was 82.78 US dollars/barrel, up 1.19 US dollars or 1.5%.

The ex-factory price of Sinopec pure benzene increased by 100 yuan/ton on March 8, 2023, and the current price is 7200 yuan/ton.

Other enterprises: Jingbo Petrochemical quoted 7400 yuan/ton, HSBC Petrochemical quoted 7300 yuan/ton, Weilian Chemical quoted 7203 yuan/ton, Xinhai Petrochemical quoted 7350 yuan/ton, and Hongrun Petrochemical quoted 7300 yuan/ton.

The commodity price K-bar chart uses the concept of price trend K-line to reflect the weekly or monthly price changes in the form of bar chart. Investors can buy and sell investments according to the changes in the K-bar chart. Red indicates: rising; Green means: down; The height of the K column indicates the range of rise and fall. The weekly K-column chart of pure benzene shows that after entering July, the price of pure benzene has continued to decline, slightly warmed at the end of August and the beginning of September, the price of pure benzene has mainly declined from October to December, warmed in January, and increased slightly for five consecutive weeks after February.

In terms of industrial chain: the market price of pure benzene continued to maintain a slight upward trend this week. The crude oil trend of this week rose in the first half of the week and declined in the second half of the week. However, the downstream styrene market strengthened, boosting the mentality of the pure benzene market. The pure benzene market rose slightly this week. However, the downstream side has been more wait-and-see recently, and the overall purchase intention is low. The trend of hydrogenation benzene market basically follows that of pure benzene, with a slight increase this week as the main trend, which also boosts the downstream crude benzene market.

In terms of the hydrogenation benzene market, the ex-factory price rose overall this week, and the main production area increased by about 300 yuan/ton. The market price rose in a narrow range following the overall performance of the pure benzene market fluctuation, and rose by about 100-175 yuan/ton in the week. On the supply side, the hydrogenation benzene enterprises started this week fairly well, and some enterprises restarted and had a strong attitude of price appreciation. In terms of demand, there is little change. Downstream purchases are on demand. However, this week’s rise in the volume of styrene led to a stronger price in the industrial chain. In general, the current industrial chain performance is relatively strong, and the weakening of crude oil prices affects the market mentality. It is expected to maintain a narrow volatility trend in the short term.