The bidding price of crude benzene continued to decrease this week (from July 19 to July 23)

From July 19 to July 23, 2021, the market price of crude benzene continued to decline, at 6441 yuan / ton at the beginning of the week and 6126 yuan / ton at the end of the week, down 4.89%.

Summary of price adjustment of Sinopec pure benzene in July 2021 (unit: yuan / ton)

Date., adjusted price., adjusted amount

July 2, 8750., + 300

July 12, 8600. – 150

July 19, 8450. – 150

July 21, 8150. – 300

On July 21, 2021, the listing price of Sinopec’s pure benzene was reduced by 300 yuan / ton. At present, it is 8150 yuan / ton, of which Qilu Petrochemical is 8100 yuan / ton.

This week, the trend of pure benzene market first fell and then rose. The trend of crude oil market in the first half of the week was downward and the price rebounded at the weekend. The pure benzene market closely followed the trend of crude oil this week and mainly operated from weak to strong. The hydrogenated benzene market is affected by Sinopec’s two rounds of lowering the ex factory price of pure benzene this week. At present, the market mentality is weak and the overall market is mainly on the sidelines. The crude benzene market continued the weak market. The bidding price in Shandong was reduced by 315 yuan / ton, and 6125-6130 yuan / ton was implemented this week.

At present, the raw material supply of some coking enterprises is relatively high, but the overall profit of some coking enterprises is still limited by the environmental protection policy, but the supply of raw materials is still relatively high. There is a maintenance plan for some downstream hydrobenzene units, and it is expected that the demand for crude benzene will be tightened to a certain extent. It is expected that the price of crude benzene will not have a large upward space, mainly maintaining a weak shock trend.