From August 30 to September 3, 2021, the market price of crude benzene in Japan decreased slightly, at 6231 yuan / ton at the beginning of the week and 6331 yuan / ton at the end of the week, with a weekly increase of 1.6%.

On September 2, 2021, Sinopec raised the listing price of pure benzene by 100 yuan / ton. At present, it is 7650 yuan / ton, of which Qilu Petrochemical is 7600 yuan / ton.

On the upstream side, the fundamentals are good this week, with crude oil rising, pure benzene prices rising, and some downstream units restarted, which has a certain demand for pure benzene. A series of factors such as the recovery of market trading at the end of the month supported the recovery of pure benzene price. Affected by the increase of cost pressure, some enterprises shut down or reduced the operating rate, and the supply decreased slightly compared with the previous period, which also supported the price. On the whole, the slightly tight supply led to the positive recovery of the market.

This week’s crude benzene market was dominated by a slight correction. The bidding price in Shandong this week was 6330 yuan / ton, up 100 yuan / ton from last week. In terms of supply, affected by the high raw coal price and tight supply this week, the expectation of passive production restriction is enhanced, the crude benzene inventory of coke enterprises is low, and the supply is still tight in the near future.

In the future, the fundamentals are supported by tight supply of pure benzene. Coking enterprises have certain production restrictions, and tight supply of crude benzene is expected. However, at present, the cost pressure of downstream hydrogenated benzene is high, and there is a certain fear of high price crude benzene. It is expected that in the short term, crude benzene prices will still maintain a volatile trend, with some upward space.