The commodity index of hydrogenated benzene on August 14 was 35.87, which was the same as yesterday, decreased by 64.84% from 102.01 point (2014-01-09), and increased by 19.61% from 29.99 point, the lowest point on April 07, 2020. (Note: the period refers to December 1, 2013 to now).
| PVA 1799 (PVA BF17) |
Price rise and fall of domestic main hydrobenzene markets from August 10 to 14 (unit: yuan / ton)
Regional prices rose and fell on the 10th and 14th
East China 3400-3450 3350-3400 – 50
3150 ～ 3250 3100 ～ 3150 – 75 in Shandong Province
This week (August 10-14), the market price of hydrobenzene in Shandong decreased slightly, at 3200 yuan / ton at the beginning of the week and 3125 yuan / ton at the weekend, down 75 yuan / ton.
| PVA |
Summary of price adjustment of pure benzene in Sinopec (North China) in July 2020 (unit: yuan / ton)
Price adjustment amount after date adjustment
August 5 3400 + 100
August 14 3300 – 100
On August 14, 2020, the price of pure benzene of Qilu Petrochemical (Sinopec North China) will be reduced by 100 yuan / ton, and the price will be 3300 yuan / ton after adjustment.
Crude oil rose earlier this week. However, in the second half of the week, major institutions have successively lowered their forecasts for global crude oil demand this year, dragging down oil prices. Compared with August 7, Brent was up $0.255/barrel, or 0.58%, and WTI was up $0.82/barrel, or 1.98%. Compared with December 31, 2019, Brent decreased by 33.33%, and WTI decreased by 30.38%. International crude oil market this week in the overall shock trend. In terms of pure benzene, the external market fluctuated lower this week, and the market confidence was weak. Sinopec lowered the ex factory price of pure benzene on the 14th, and the pure benzene market this week fluctuated downward, with a weekly decline of about 2%. In terms of market supply, the port inventory in East China continued to rise this week, and the pure benzene Market in East China remained under pressure. The basic hydrobenzene market was mainly under pressure. The tender price of crude benzol decreased slightly this week, and the cost pressure of hydrogenated benzene enterprises remained unchanged.
On the downstream side, the price of styrene fell by 2.17%, and the operating rate also decreased. Aniline is still in a deficit state, the operating rate of enterprises is low, the price is mainly stable, and the demand for pure benzene and hydrogenated benzene is limited.
In the future, the business agency believes that the inventory of pure benzene in Huadong port is still high, the downstream operating rate has slightly declined this week, the demand support for pure benzene and hydrogenated benzene is limited, the crude oil fluctuation trend and the external market trend of pure benzene are weak, and the future market of pure benzene is still under pressure. Hydrogenated benzene enterprises still have cost pressure, market wait-and-see sentiment is strong, fundamentals are under pressure, and it is expected that there is still downward space in the future market of hydrobenzene.
| PVA 1788 (PVA BP17) |