From August 10 to 14, 2020, the crude benzene market price will be slightly adjusted. The factory price in North China will be at 2492.50 yuan / ton at the beginning of the week and 2481.25 yuan / ton at the weekend, with a weekly decrease of 0.45%.
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Summary of price adjustment of pure benzene in Sinopec (North China) in July 2020 (unit: yuan / ton)
Price adjustment amount after date adjustment
August 5 3400 + 100
August 14 3300 – 100
On August 14, 2020, the price of pure benzene of Qilu Petrochemical (Sinopec North China) will be reduced by 100 yuan / ton, and the price will be 3300 yuan / ton after adjustment.
Crude oil rose earlier this week. However, in the second half of the week, major institutions have successively lowered their forecasts for global crude oil demand this year, dragging down oil prices. Compared with August 7, Brent was up $0.255/barrel, or 0.58%, and WTI was up $0.82/barrel, or 1.98%. Compared with December 31, 2019, Brent decreased by 33.33%, and WTI decreased by 30.38%. International crude oil market this week in the overall shock trend. In terms of pure benzene, the external market fluctuated lower this week, and the market confidence was weak. Sinopec lowered the ex factory price of pure benzene by 100 yuan / ton on the 14th, while the pure benzene market this week fluctuated and fell by about 2%. In terms of market supply, the port inventory in East China continued to rise this week. The pure benzene Market in East China remained under pressure, and the crude benzene fundamentals were slightly under pressure. The overall crude benzol Market this week was mainly weak and stable. The bidding price was slightly reduced by 15 yuan / ton, and the price was about 2510 yuan / ton as of Friday.
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Downstream: in recent years, there are still a lot of overhauling in hydrogenated benzene enterprises, and the pressure of price rising of hydrogenated benzene enterprises is large, and the support for crude benzene is limited. Upstream: this week, coking enterprises have better profits, higher operating rate, relatively stable crude benzene production and better market supply.
In terms of aftermarket, the business agency believes that the cost pressure of downstream hydrobenzene enterprises is still large, the external pressure of pure benzene market remains, the fluctuation of crude oil price is not good enough, the pure benzene market is under pressure as a whole, and the crude benzene market is expected to stabilize temporarily in the short term.
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