From June 22 to 24, 2020, the weekly crude benzol Market recovered. The factory price in North China was 2890 yuan / ton at the beginning of the week, and 2531.67 yuan / ton at the end of the week, with a weekly drop of 12.4%.

Summary of Sinopec pure benzene price adjustment in June 2020

Price adjustment amount after date adjustment unit: yuan / ton

June 5 3600 + 100 yuan / ton

June 10 3700 + 100 yuan / ton

June 15, 3600-100 yuan / ton

June 19, 3550-50 yuan / ton

June 23, 3500-50 yuan / ton

June 24, 3450-50 yuan / ton

This week, the new round of domestic crude benzol bidding price was significantly reduced in advance on the last working day before the festival. The bidding price of mainstream enterprises in Shandong Province was 2530-2535 yuan / ton, with a reduction rate of about 350 yuan / ton. Recently, the pure benzol market continued to decline. Sinopec adjusted the price of pure benzol to 3450 yuan / ton for two consecutive days, with a reduction rate of 100 yuan / ton. The external market of pure benzol also continued to decline this week. In addition, the crude oil market continued to decline The recent frequent rise and fall of the market has led to the aggravation of market wait-and-see mood. The high port inventory of pure benzene has affected the overall mentality of the crude benzene market. The bearish atmosphere is strong, the receiving situation is not good, and the crude benzene price is under pressure.

Since the middle of the year, the coking enterprises in Shandong have started to work better than the beginning of the month. The crude benzene supply is relatively stable, the overall inventory is on the high side, the cost pressure of the downstream hydrogenated benzene enterprises increases in the near future, the recent unit restart of the hydrogenated benzene enterprises is more, the overall starting level is at a higher level in the year. Although the demand for crude benzene increases, with the comprehensive starting level of the downstream styrene, aniline and other products As a result, the downstream of hydrogenated benzene has been in a loss situation, with concentrated market negative factors, and the price of hydrogenated benzene continues to decline. The cost pressure of hydrogenated benzene enterprises is relatively large, which continues to suppress the price of crude benzene. As of the 24th, the market price of hydrogenated benzene in Shandong Province is 3100-3200 yuan / ton, with an average price of 3150 yuan / ton.

According to the business community of aftermarket, crude oil price is unstable, the market wait-and-see mood is strong, the high price of pure benzene inventory continues to decline, the social inventory of crude benzene has been high, coupled with the basic negative factors brought by the cost pressure of downstream hydrogenated benzene enterprises, it is expected that the downward pressure of crude benzene Market in the near future is large, and the aftermarket still needs to focus on the inventory of crude benzene and pure benzene.