From July 6 to 10, 2020, the crude benzene market will rise back to the level at the beginning of the month. The factory price in North China will be 2346.67 yuan / ton at the beginning of the week and 2531.67 yuan / ton at the weekend, with a weekly increase of 7.88%.

This week, the price of pure benzene market remained stable as of the end of the 10th day. Sinopec implemented 3100 yuan / t spot exchange and Sinopec Huabei implemented 3050 yuan / T, which were flat compared with last week. In terms of pure benzene social inventory, this week continued to rise to nearly 240000 tons, with more vessels in Hong Kong, and it is expected that the inventory will still rise next week. The operation of pure benzene unit was flat compared with last week, and the spot market was under pressure. In terms of external market of pure benzene: the external market of pure benzene in Asia rose slightly this week, FOB Korea increased by 3 USD / T compared with last week, and CFR China increased by 11 USD / T compared with last week. Fundamentals are good for the crude benzol Market. This week, the bidding price has been greatly increased and returned to the level at the beginning of this month, and the markets around the country have followed.

In terms of downstream demand, affected by the cost pressure, the operating rate of hydrogenated benzene enterprises decreased slightly this week, about 5% lower than last week, and the overall operating rate was still low, which slightly contradicted the high price of crude benzene. As of Friday, the price of crude benzene for processing in Shandong was stable, with a range of 2535 yuan / ton, up 185 yuan / ton compared with last week.

In the aftermarket, the business agency believes that crude oil price fluctuates slightly and the pure benzene market has a certain positive effect, but the market wait-and-see sentiment is strong, the pure benzene inventory is high, and the downstream hydrobenzene enterprises’ cost pressure is high, which is difficult to support the crude benzene price to continue to go up. It is expected that the crude benzene market will be mainly sorted out in the near future.