From November 4, 2022 to November 11, 2022, the bidding price of crude benzol will decline. Last weekend, it was 5775 yuan/ton, and this weekend, it was 5723 yuan/ton, down 0.9%.

Crude oil: On November 10, international crude oil futures prices rose. The settlement price of the main contract of US WTI crude oil futures was 86.47 US dollars/barrel, up 0.64 US dollars or 0.8%. The settlement price of the main contract of Brent crude oil futures was 93.67 dollars/barrel, up 1.02 dollars or 1.1%. The inflation data of the United States in October was lower than market expectations, supporting the rebound of oil prices, and diluting the fear of slowing fuel demand in Asia due to epidemic measures.

Summary of Sinopec Pure Benzene Price Adjustment (Unit: yuan/ton)

Date., Adjusted Price., Adjusted Amount

November 2., 7200., – 250,

November 4., 7000., – 200

The ex factory price of Sinopec’s pure benzene will be reduced by 200 yuan/ton on November 4, 2022, and the current price is 7000 yuan/ton.

Other enterprise quotations: Chambroad Petrochemical quoted 7000 yuan/ton, HSBC Petrochemical quoted 7050 yuan/ton, Weilian Chemical quoted 6903 yuan/ton, and Xinhai Petrochemical quoted 6950 yuan/ton.

The K-bar chart of commodity prices reflects the weekly or monthly price changes in the form of a bar chart based on the concept of price trend K-line. Investors can buy, sell and invest according to the changes in the K-bar chart. Red means rising; Green means: down; The height of the K column indicates the range of rise and fall. The weekly K-bar chart of pure benzene shows that the price of pure benzene has fallen continuously since July. It has slightly warmed up in late August and early September, and fell in October and November.

The overall pure benzene market was weak this week. At the beginning of the week, the trend of crude oil and styrene was volatile, the price of the external market fell slightly, the price of pure benzene fell slightly after the lack of support, and the factory price of Sinopec was also lowered to 7000 yuan/ton. With the price of pure benzene falling, the market became active, and some enterprises bought on the cheap, which boosted the market mentality of pure benzene. With the deal getting better and better, the market price stopped falling and stabilized, and the market negotiation price slightly warmed up. Near the weekend, crude oil weakened again, pure benzene lost its support again, and the price dropped slightly by 25-50 yuan/ton. The overall trend of the industrial chain was weak this week, and the price of hydrogenated benzene was dragged down. This week, the price dropped significantly, and the factory price dropped continuously. As of the press release, the mainstream factory price in Hebei was 6900-7000 yuan/ton.

The bidding price fluctuation range of crude benzol market this week is small, and the overall range is 50-100 yuan/ton. The bidding price of Shandong, the main production area, this week is 5750 yuan/ton, which is 50 yuan/ton lower than that of last week. In terms of supply, the coking enterprises maintained the original production limit this week, with limited overall changes. The operating rate of downstream hydrogenated benzene enterprises this week was basically flat compared with last week. Affected by the fluctuation of the industrial chain, the price change this week was limited. In the future, it is expected that the changes of the positive and negative factors in the crude benzol market in the near future are limited. It is expected that the price in the future will remain mainly in consolidation operation, with a limited range of overall fluctuations. In the future, we will focus on the trend of crude oil and styrene and the commencement of the hydrogenation benzene unit.