From October 9 to 16, 2020, the market price of crude benzene first fell and then rose. The ex factory price in North China was 2523.75 yuan / ton at the beginning of the week and 2473.75 yuan / ton at the end of the week, with a weekly decrease of 1.98%.
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Summary of price adjustment of pure benzene in Sinopec (East China) in October 2020 (unit: yuan / ton)
Price adjustment amount after date adjustment
October 9 3300 – 150
October 14 3350 + 50
October 16 3400 + 50
In October 2020, the price of pure benzene of Yangzi Petrochemical (Sinopec East China) was lowered once and increased twice. As of October 16, the price was 3400 yuan / ton.
This week, coking enterprises started to operate well. Coke has gone through four rounds of rising, with an accumulated increase of 200 yuan / ton. At present, coking enterprises have higher profits, loose environmental protection policies, higher operating rate in the near future, and sufficient supply of crude benzene. After the festival, the crude benzene market price first fell and then rose, and the pure benzene market fell after the festival, and the crude benzene market mainly fell. Since the beginning of the week, the price of pure benzene began to rise. Thanks to the help of the downstream styrene price rise, the ex factory price of pure benzene was raised twice this week to 3400 yuan / T, and the hydrogenated benzene manufacturers followed the increase. However, the cost pressure of hydrogenated benzene enterprises was still high, and they were against high price crude benzene. This week, the bidding price is only slightly reduced, and it is about 50 yuan / ton in Shandong Province.
In terms of downstream demand, the comprehensive operating rate of hydrogenated benzene enterprises was relatively stable, maintained at about 58%. Some units in Shandong had plans to start operation before the end of October, which had certain support for crude benzene price.
In the aftermarket, the Business Association believes that the current pure benzene market rebounds, and the downstream hydrobenzene unit will start operation on schedule, and the demand will rise in part. The downstream demand of hydrogenated benzene and pure benzene is good, which has a certain basic support for the crude benzene market, and the crude benzene Market in the future is mainly stable and strong.
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