Price trends: on November 28, Sinopec North China: Qilu Petrochemical offered 6700 yuan/ton, Shijiazhuang Petrochemical 6750 yuan/ton, and Tianjin Petrochemical 6800 yuan/ton;
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East China: Yangzi Petrochemical quoted 6800 yuan/ton;
South China: Hainan Refining&Chemical Co., Ltd. offers 6800 yuan/ton;
Central China: Wuhan Ethylene, 6800 yuan/ton;
Others: Jingbo Petrochemical quoted 6750 yuan/ton, HSBC Petrochemical 6850 yuan/ton, Weilian Chemical 6703 yuan/ton, Xinhai Petrochemical 6700 yuan/ton, and Hongrun Petrochemical 6850 yuan/ton.
Analysis and comments: In terms of crude oil, the market focuses on the issue of western countries’ upper limit on Russian oil prices, and no agreement has been reached at present; The oil price continues to be under pressure due to overlapping demand concerns.
Today, Jingbo Petrochemical reduced the price of pure benzene by 50 yuan/ton.
Crude oil and styrene continued to decline, and the expected inventory of pure benzene port continued to increase. In addition, the buying sentiment in the downstream was not good, so the pure benzene market had a strong negative atmosphere, and the price continued to be weak. Today, the price of pure benzene in China is 6700-6850 yuan/ton.
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