From June 14 to June 18, 2021, the crude benzene market price rose slightly, at 5561 yuan / ton at the beginning of the week and 5601 yuan / ton at the end of the week, with a weekly increase of 1.47%.
Summary of price adjustment of Sinopec’s pure benzene in 2021 (unit: yuan / ton)
Date, adjusted price, adjusted amount
May 7, 7700, + 300
May 10, 8000, + 300
May 12, 8200, + 200
May 24, 7900, – 300
May 28, 7600, – 300
June 4, 7900, + 300
June 11, 7750, – 250
On June 11, 2021, Sinopec’s listed price of pure benzene was reduced by 250 yuan / ton. At present, it implements 7750 yuan / ton, among which Qilu Petrochemical implements 7700 yuan / ton.
This week, the international market of pure benzene was weak, and the crude oil market was strong in the first half of the week. Under the attack of good and bad news, the domestic pure benzene market was stable this week. In terms of port inventory, pure benzene continued to be destocked this week. Under the expectation of tight supply, the price of pure benzene was supported to a certain extent, and the trend of hydrogenation benzene market followed the trend of pure benzene temporarily stable this week. The bidding price of crude benzene enterprises increased slightly this week, and the overall industrial chain is slightly stable.
On the supply side, coking enterprises are affected by environmental protection and maintenance, and the supply is expected to shrink. In terms of industrial chain, the supply of pure benzene market is tight, the profit of downstream industrial chain is limited, and there are some overhauls. The demand for pure benzene and hydrogenated benzene is not enough. It is expected that the price of pure benzene will be stable in the short term. In the case of the overall stable trend of industrial chain, the price of crude benzene is expected to maintain the consolidation trend in the short term.
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