On June 13, crude benzene commodity index was 47.53, flat compared with yesterday, 63.95% lower than 131.84 (2013-01-28), and 55.63% higher than 30.54, the lowest point on April 8, 2020. (Note: cycle refers to 2011-09-01 to now).
| EDTA |
The weekly crude benzene Market in Japan rose from June 8 to 12, 2020. The ex factory price in North China was 2901.67 yuan / ton at the beginning of the week and 3101.67 yuan / ton at the end of the week, with a weekly increase of 6.89%.
This week’s crude oil market fell after a shock. On Wednesday and Thursday, it rose slightly and then fell rapidly. As of June 11, the price of WTI crude oil futures market in the U.S. fell sharply. The settlement price of major contracts was 36.34 U.S. dollars / barrel, down 3.26 U.S. dollars or 8.23%. Brent crude oil futures market prices fell sharply, the settlement price of main contracts was 38.55 US dollars / barrel or 7.62%, mainly due to the restart of epidemic demand concerns and the record high of crude oil storage in the United States. On Thursday, U.S. stocks and commodity futures market represented by crude oil generally fell, market concerns dominated, and risk assets were sold again.
Summary of Sinopec pure benzene price adjustment in June 2020
date
Price after increase
Adjustment amount
Unit: yuan / ton
June 5th
three thousand and six hundred
100↑
Yuan / ton
June 10th
three thousand and seven hundred
100↑
Yuan / ton
| EDTA 2Na |
Domestic crude benzene price went up this week. At the beginning of this week, under the triple positive influence of international crude oil going up, pure benzene going out and Sinopec’s pure benzene going up, crude benzene substantially increased the bidding price of this round. In addition, the operating rate of downstream hydrogenated benzene enterprises has reached a high level in 2020, which promoted the crude benzene price to go up further. The market mentality is good, and the market is obviously warmer. By Thursday, crude benzene in Shandong Province The bidding price is increased by 200 yuan / ton, and now 3100 yuan / ton is implemented.
Since the late May, the coking enterprises in Shandong Province have increased their efforts to limit production, reduced the operating rate, continued to increase the price of coke, limited supply in some areas, and a certain decline in crude benzene production. The coking enterprises have a heavy mentality of price fixing, and the price of crude benzene is high. By the end of the week, the crude oil price fell sharply, and the pure benzene market took the lead in falling back. The operating rates of styrene, aniline and other enterprises in the downstream of hydrobenzene fell slightly this week, and the market price fell. As of June 12, the styrene price in Shandong Province was 5550 yuan / ton, down 33.33 yuan / ton, or 0.6% compared with last week. The pressure on the cost of hydrogenated benzene increased, the crude benzene market also came under pressure, and the market mentality generally weakened.
According to the business community in the aftermarket, the cost pressure of downstream hydrogenated benzene enterprises is relatively large, with insufficient enthusiasm to keep up with the rise and lack of support. The basic negative factors of crude benzene market began to emerge at the end of the week. It is expected that the crude benzene market will fluctuate and fall next week, with lowered expectations.
| Melamine |