The commodity index of hydrogenated benzene on September 24 was 36.78, which was the same as yesterday, decreased by 63.94% compared with 102.01 (2014-01-09), and increased by 22.64% from 29.99, the lowest point on April 07, 2020. (Note: the period refers to December 1, 2013 to now).
| PVA 1788 (PVA BP17) |
Price rise and fall of domestic main hydrobenzene markets from September 21 to 25 (unit: yuan / ton)
Regional prices rose and fell on the 21st and 25th
East China 3350-3400 3300-3350 – 50
3100 ～ 3200, 3080 ～ 3150 – 35 in Shandong Province
This week (September 21-25), the market price of hydrobenzene in Shandong decreased slightly, at 3150 yuan / ton at the beginning of the week and 3115 yuan / ton at the end of the week, down 35 yuan / ton.
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. Since then, Sinopec’s price has not been adjusted
| PVA 1799 (PVA BF17) |
This week, the external price of crude oil and pure benzene was lower, and the fundamental support was limited. The bidding price of upstream crude benzene increased this week, with the range of about 50 yuan / ton in Shandong. The coking enterprises started work well this week, and the supply of crude benzene was sufficient. After the third round of rising of coke, the coking enterprises started to work actively. The operating rate of hydrogenated benzene enterprises this week decreased by about 5% compared with last week, and the cost pressure of hydrogenated benzene enterprises was still large, and some enterprises stopped operation. In terms of pure benzene, the operating rate dropped slightly this week, and the port inventory was about 265000 tons, slightly lower than last week. Although it is close to the manufacturers and some manufacturers have the demand of stock preparation before the festival, with the price of pure benzene falling, the value support of hydrogenated benzene is limited, and it is estimated that consolidation will be the main trend in the future.
In the downstream, the phenol operating rate decreased significantly this week, and most other products increased slightly. The profit situation of downstream was still not optimistic, and the demand for pure benzene and hydrogenated benzene was limited.
In the future market, the business agency believes that crude oil volatility trend and pure benzene external market trend are weak, the fundamental support is weak, the upstream crude benzene price rises, the cost pressure on hydrogenated benzene is still large, the fundamentals are under pressure, and it is expected that hydrobenzene will fluctuate in the aftermarket, focusing on the crude oil price trend and pure benzene price adjustment.
| PVA |