Market price of main domestic hydrogenated benzene Market on May 12 (unit: yuan / ton)

Market, Price on May 12

East China, 8800~8900

Shandong Province, 8500~8600

International crude oil futures rose sharply on May 11. The settlement price of the main contract of WTI crude oil futures in the United States was US $99.76/barrel, up US $5.95 or 5.96%; The settlement price of the main contract of Brent crude oil futures was US $107.51/barrel, up US $5.05 or 4.93%. The epidemic situation in Asia has eased and demand concerns have slowed down; In addition, previous data showed that Russia’s natural gas exports to Europe decreased, and Russia announced to sanction some European natural gas companies. The news increased the expectation of future supply shortage in the global energy market, and the oil price rebounded sharply.

Crude oil fell for two consecutive days, with a decline of more than 9%. Pure benzene in Asia fell in the external market, and the cost support weakened. The downstream demand weakened and the styrene market fell, affecting the mentality of the pure benzene market. The price of pure benzene fell continuously. At present, the domestic price of pure benzene is 8500-9000 yuan / ton. Affected by this, at present, the commodities in the industrial chain have declined slightly, and the market price of hydrogenated benzene has decreased. Recently, the industrial chain has been strongly disturbed by crude oil, and it is expected that the future market will be weak and the trend will be dominated by shocks.