Weekly review of hydrobenzene

On March 11, the commodity index of hydrobenzene was 72.02, which was the same as that of yesterday, decreased by 29.40% compared with 102.01 (2014-01-09), the highest point in the cycle, and increased by 140.15% compared with 29.99, the lowest point on April 7, 2020. (Note: period refers to the period from December 1, 2013 to now).

This week (March 8-12), the market price of hydrobenzene in Shandong Province fluctuated slightly, with 6350 yuan / ton at the beginning of the week and 6250 yuan / ton at the end of the week, down by 100 yuan / ton.

In March 2023, Sinopec did not adjust the price of 6750 yuan / ton of pure benzene.

This week, the price of pure benzene in the market fluctuated, while the price of pure benzene in Sinopec remained stable. At the beginning of the week, the price of pure benzene was driven by the sharp rise of crude oil. Over the weekend, the crude oil market fell back, the downstream styrene market had strong resistance to the high price of raw materials, and the pure benzene market lacked support, so the price fell back. Market price of hydrobenzene fluctuated this week.

The overall operation rate of hydrobenzene enterprises was stable at about 70%, and the overall operation increased slightly, and most of the units started normally. At present, the price difference of crude benzene hydrogenation benzene is more reasonable, the profits of hydrogenation benzene enterprises are improved, and the production and sales of enterprises are active. The start-up and shutdown costs of hydrobenzene enterprises are lower than that of pure benzene, and most of the manufacturers arrange production according to the profit situation.

The business community believes that there is no clear information guidance on the fundamentals at present. The price of crude oil has fluctuated frequently recently, and the guidance to the market is limited. It is expected that the market will remain high this week, and the fluctuation will be limited.