Pure benzene hit the biggest increase this year, this round of the market is at the key node of the rising channel

Since the beginning of July, the domestic pure benzene market started the first round of the second half of the market, and set the biggest increase this year. Last week, Sinopec’s pure benzene listing price was raised by 200 yuan (ton price, the same below) to 6,850 yuan, a month-on-month increase of more than 14%. Recently, the price of pure benzene in the East China market was 6950 to 7000 yuan, and the price of hydrogenated benzene was 6800 to 6850 yuan. The high-end price in some regions even exceeded 7,000 yuan.

According to China Chemical Industry News reported on August 9, Shao Huiwen, marketing manager of Henan Kaipu Group, said that the pure benzene downstream market performed well in July, and more than 90% of downstream enterprises were in a profitable state. Among them, the profit of styrene, cyclohexanone, caprolactam and other products reached 2,500 to 3,500 yuan, and the profit per ton of enterprises reached nearly 4,000 yuan.

According to Sinopec and PetroChina, from August to September, Anhui 260,000 tons/year new styrene plant was put into operation, Shandong Jinling 200,000 tons/year aniline plant was restarted, and the demand for pure benzene will also increase. .

Statistics from Henan Petroleum and Chemical Network show that since July, the inventory of pure benzene ports has continued to decline. As of August 3, the inventory of major domestic ports has dropped from 240,000 tons to 200,000 tons, a drop of 20%, and there is room for further decline.

In addition to port inventory, domestic production enterprises’ inventory has also fallen to a low level. At the same time, the rise in external disk prices has affected the subsequent import of goods to Hong Kong, supporting the domestic market to continue to improve, and boosting the seller’s mentality. It is understood that on August 3, the pure benzene FOB Korea closed up to 876 US dollars, equivalent to more than 7,000 yuan.

In addition, the reporter of China Chemical Industry News learned from Shandong refinery enterprises that due to the increase in crude oil prices and the subsidy of consumption tax, local refineries have experienced large-scale production and production restrictions, and individual scale refining enterprises have even filed for bankruptcy.

According to industry insiders, on the basis of the increase in demand, the domestic supply of pure benzene is expected to decrease, and traders have actively joined the speculation team. This round of market is in the key node of the rising channel. If the short-term external market continues to be high, the domestic market still has room for growth. The price in the second half of the year does not rule out the possibility of creating a new high for the year.