According to the commodity market analysis system of the business community, the ex factory price of hydrogenated benzene in North China will rise from July 14, 2022 to July 21, 2022. Last week, it was 6400 yuan/ton, and this week, it was 6933.33 yuan/ton, up 8.33%.

In terms of crude oil: As of July 20th, international crude oil futures have risen. The settlement price of the main contract for WTI crude oil futures in the United States was $75.65 per barrel, an increase of $0.36 or 0.5%. The settlement price of the Brent crude oil futures main contract was $79.64 per barrel, an increase of $0.18 or 0.2%. Affected by the decline in US crude oil inventories and the increase in Chinese crude oil imports, oil prices remain relatively rigid, but concerns about the demand outlook limit the upward trend of oil prices.

The ex factory price of Sinopec pure benzene has increased by 200 yuan/ton from July 14th to 21st, 2023, with a current implementation of 6800 yuan/ton.

Other companies: Jingbo Petrochemical quoted 7100 yuan/ton, HSBC Petrochemical quoted 6800 yuan/ton, Weilian Chemical quoted 6923 yuan/ton, Xinhai Petrochemical quoted 7000 yuan/ton, and Hongrun Petrochemical quoted 6800 yuan/ton.

According to the Commodity Market Analysis System of Business Society, the price of pure benzene has slightly increased this week. On July 17th, the price of pure benzene was 6792 yuan/ton. On Friday (July 21st), the price of pure benzene was 6901 yuan/ton, an increase of 7.89% compared to last week and a decrease of 23.53% compared to the same period last year

The K-bar chart of commodity prices uses the concept of a price trend K-line to reflect weekly or monthly price fluctuations in the form of a bar chart. Investors can buy and sell investments based on the changes in the K-bar chart. Red indicates an increase; Green indicates a decline; The height of the K-bar represents the range of fluctuations. The weekly K-bar chart of pure benzene shows that the pure benzene market has seen a positive trend in recent times. After ten consecutive weeks of decline, it has risen for two consecutive weeks.

In terms of industrial chain, both international crude oil and styrene markets strengthened during the cycle, driving the pure benzene market with a 7.89% increase during the week. Sinopec continued to raise the listing price of pure benzene to 6800 yuan/ton and 200 yuan/ton, which again boosted the market mentality of the industrial chain. The Spot market was active in trading and investment, and the shipment situation was good. The related products of the industrial chain rose this week.

Driven by the overall upward trend of the industrial chain, the market price of hydrogenated benzene rose this week. The ex factory price in Hebei rose to 6800-7000 yuan/ton, and the market price in East China rose to 7000~7100 yuan/ton. On the supply side, the construction of hydrogenation benzene enterprises has slightly increased this week, with little overall change. In terms of demand, some of the early maintenance devices have resumed operation in the near future, and downstream demand is expected to improve. Overall, the strengthening of crude oil and styrene has driven the market mentality of the industrial chain. This week, the overall strength of the industrial chain has led to a significant increase in raw material crude benzene prices, and increased cost pressure on enterprises. In the future, downstream demand is expected to improve, and the overall industrial chain is strengthening. There is still room for upward growth in the future.