From March 10 to March 17, 2022, the bidding price of crude benzene decreased from 7425 yuan / ton last weekend to 6491 yuan / ton this weekend, with a weekly decrease of 12.58%.
On March 16, the price of international crude oil futures continued to fall. The settlement price of the main contract of WTI crude oil futures in the United States was US $95.04/barrel, down US $1.4 or 1.5%; The settlement price of the main contract of Brent crude oil futures was US $98.02/barrel, down US $1.89 or 1.9%. The data released by the US Energy Information Administration (EIA) on Wednesday showed that US crude oil inventories rose for the first time in three weeks, and the market was worried that high oil prices would suppress demand.
| ferric sulfate (Poly ferric sulphate) |
Summary of price adjustment of Sinopec pure benzene (unit: yuan / ton)
Date, Adjusted price, Adjustment amount
March 3, 8200.,+300
March 4, 8500.,+300
March 7, 8750.,+250
March 9, 8900.,+150
March 14, 8600.,-300
March 16, 8200.,-400
The price of 8200 yuan / ton of pure benzene was listed on February 16, 2023, and the price of 8200 yuan / ton of pure benzene was lowered by SINOPEC.
Other enterprises: Jincheng Petrochemical offers 7800 yuan / ton, Weilian chemical offers 8003 yuan / ton, Xinhai Petrochemical offers 8200 yuan / ton, and Hongrun Petrochemical offers 8250 yuan / ton.
As can be seen from the above ex factory price adjustment table of Sinopec pure benzene in March 2022, the cycle of price rise of pure benzene driven by crude oil has completely ended, and the price of pure benzene has fallen back to the price at the beginning of March, while the price of crude benzene, which is greatly affected by the fluctuation of pure benzene, also returned to the level at the beginning of March after the introduction of the bidding price this week, and the increase brought by the rise of crude oil has basically dropped.
| Melamine |
The trend of crude oil has always been one of the more important factors affecting the pure benzene industrial chain, and the trend of hydrogenated benzene, crude benzene and other products in the industrial chain are greatly affected by crude oil. The current round of increase has basically ended after pure benzene fell back to the origin, and the impact on the market is relatively uncertain at present. In terms of supply and demand, the downstream hydrobenzene enterprises are currently operating stably, and the demand for crude benzene is OK. However, after four rounds of increase in coke, the profits of coking enterprises are OK, and their enthusiasm for operation has also been improved to a certain extent. The supply of crude benzene is relatively stable, and the enterprises are actively shipping. This week, after Sinopec lowered the ex factory price for two consecutive rounds, the bidding price of crude benzene decreased significantly. In Shandong, it was 6650-6655 yuan / ton, down 850 yuan / ton from last week.
In the future market, the business society believes that crude oil continues to decline broadly, Asian pure benzene in the external market follows the weakness, and the cost support weakens; Superimposed on the impact of public health events in many places in China, transportation is limited, factory shipments are blocked, and the focus continues to decline. In the future, we will focus on the downstream trend and the impact of the external price of crude oil and pure benzene on the market mentality.
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