Hydrobenzene market price rises this week (November 2-6)

The commodity index of hydrogenated benzene on November 7 was 38.16, unchanged with yesterday, down 62.59% from 102.01 (2014-01-09), and 27.24% higher than 29.99, the lowest point on April 07, 2020. (Note: the period refers to December 1, 2013 to now).

 

Melamine

Price rise and fall of domestic main hydrobenzene markets from November 2 to 6 (unit: yuan / ton)

 

Regional prices rose and fell weekly on the 2nd and 6th

East China 3550-3650 3750-3800 + 175

Shandong 3350-3400 3550-3600 + 200

 

This week (November 2-6), the market price of hydrobenzene in Shandong Province rose, at 3375 yuan / ton at the beginning of the week and 3575 yuan / ton at the weekend, up 200 yuan / ton.

 

Summary of Sinopec’s pure benzene price adjustment in November 2020 (unit: yuan / ton)

 

Price adjustment amount after date adjustment

November 4 3750 + 150

In November 2020, Sinopec’s pure benzene price will be increased by 150 yuan / ton, and 3750 yuan / ton will be implemented by all its refineries.

 

Due to the strong ex factory benzene price of Shandong Petrochemical Co., Ltd., the ex factory price of pure benzene was further increased by the end of October At the end of the week, the styrene market dropped slightly, the price of hydrogenated benzene fell slightly, and the tender price of crude benzene rose on Thursday.

 

As for the future market, the business agency believes that the price of styrene to pure benzene and hydrogenated benzene has been reduced this week. Affected by the rising cost of raw materials, the downstream profit is reduced, and the supply and demand side of pure benzene is weak. There is a certain pressure on the upward trend. It is expected that the future market will be dominated by high consolidation.

Azodicarbonamide (AC foaming Agent)