From November 11, 2022 to November 18, 2022, the bidding price of crude benzol rose, at 5723 yuan/ton last weekend and 5859 yuan/ton this weekend, with a weekly increase of 2.38%.

Crude oil: international crude oil futures fell sharply on November 17. The settlement price of the main contract of WTI crude oil futures in the United States was 81.64 dollars/barrel, down 3.95 dollars or 4.6%. WTI fell to the lowest point since October 3. The settlement price of the main contract of Brent crude oil futures was 89.87 dollars/barrel, down 3.08 dollars or 3.3%.

Summary of Sinopec Pure Benzene Price Adjustment (Unit: yuan/ton)

Date., Adjusted Price., Adjusted Amount

November 2., 7200., – 250

November 4., 7000., – 200

The ex factory price of Sinopec’s pure benzene will be reduced by 200 yuan/ton on November 4, 2022, and the current price is 7000 yuan/ton.

The K-bar chart of commodity prices reflects the weekly or monthly price changes in the form of a bar chart based on the concept of price trend K-line. Investors can buy, sell and invest according to the changes in the K-bar chart. Red means rising; Green means: down; The height of the K column indicates the range of rise and fall. The weekly K-bar chart of pure benzene shows that the price of pure benzene has fallen continuously since July. It has slightly warmed up in late August and early September, and fell in October and November.

The pure benzene market fluctuated in a narrow range this week. At the beginning of the week, crude oil and styrene both rose, boosting the pure benzene market mentality. The pure benzene market was boosted and prices rose slightly. Near the weekend, the trend of crude oil and styrene was weak. The decline of crude oil price dragged down the mentality of the pure benzene market. At the weekend, the price of the pure benzene market decreased slightly. This week, the price of Sinopec’s pure benzene was stable. Affected by pure benzene, the hydrogenation benzene market fluctuated in a narrow range this week, basically following the trend of pure benzene. Within the week, the fluctuation was less than 50 yuan/ton, and the overall trend of the industrial chain was volatile.

The crude benzol market rose by a narrow margin this week. The bidding price of domestic mainstream production areas remained in the range of 50-100 yuan/ton. The price of Shandong, the main production area, was 5880 yuan/ton this week, up 130 yuan/ton from last week. In terms of supply, coke enterprises maintained the original production limit this week, with limited changes in the operating rate, and the overall supply was slightly strained. In the future, it is expected that the changes of the positive and negative factors in the crude benzol market in the near future are limited. It is expected that the price in the future will remain mainly in consolidation operation, with a limited range of fluctuations. In the future, we will focus on the trend of crude oil and styrene and the commencement of the hydrogenation benzene unit.