Price trends: on September 28, Sinopec North China: Qilu Petrochemical offered 7900 yuan/ton, Shijiazhuang Petrochemical 7900 yuan/ton, and Tianjin Petrochemical 7900 yuan/ton;
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East China: Yangzi Petrochemical quoted 7850 yuan/ton;
South China: Hainan Refining&Chemical Co., Ltd. offers 7850 yuan/ton;
Central China: Wuhan ethylene quoted 7850 yuan/ton;
Others: Dongming Petrochemical quoted 8100 yuan/ton, Jingbo Petrochemical 7980 yuan/ton, HSBC Petrochemical 7950 yuan/ton, Weilian Chemical 7903 yuan/ton, Xinhai Petrochemical 7900 yuan/ton, Hongrun Petrochemical 8050 yuan/ton.
Analysis and comments: For crude oil, the OPEC+meeting is coming, and the market expects that the meeting policy may be aimed at reducing supply; Before the arrival of Hurricane Ian, the supply in the US Gulf region was limited, and international oil prices rebounded yesterday.
Today, Weilian Chemical lowered the price of pure benzene by 100 yuan/ton; Xinhai Petrochemical raised the price of pure benzene by 50 yuan/ton.
Styrene continued to weaken, pure benzene negotiation in East China was weak, and there was demand in the downstream of Shandong, but due to arbitrage, the industry was cautious. Today, the price of pure benzene in China is 7850-8100 yuan/ton.
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