The commodity index of hydrogenated benzene on October 29 was 38.05, down 0.03 points compared with yesterday, 62.70% lower than 102.01 points (2014-01-09), 26.88% higher than 29.99 points on April 07, 2020. (Note: the period refers to December 1, 2013 to now).

In October 2020, the hydrobenzene market will rise after shocks. The factory price in North China will rise by 3.45% from 3332.50 yuan / ton at the beginning of the month to 3447.50 yuan / ton at the end of the month.

Summary of price adjustment of pure benzene in Sinopec (East China) in October 2020 (unit: yuan / ton)

Price adjustment amount after date adjustment

October 9 3300 – 150

October 14 3350 + 50

October 16 3400 + 50

October 20 3500 + 100

October 22 3600 + 100

In October 2020, the price of pure benzene of Yangzi Petrochemical (Sinopec East China) will be lowered once and increased four times. As of October 22, the price will be 3600 yuan / ton.

It can be seen from the price trend chart of hydrogenated benzene in Shandong Province monitored in the above figure that the price of hydrogenated benzene Market in this month was relatively stable at the beginning of the month, the basic replenishment was completed before the festival, the market opened quietly after the festival, the price was temporarily stable, and the transaction was general. In the middle of the year, it was in the rising channel, driven by the rising styrene downstream and the rising external market. Affected by this, the market mentality was obviously improved, and the ex factory price of pure benzene rose one after another. Sinopec was listed on the 14th, 16th, 20th and 22nd, which increased by 300 yuan / ton, and Sinopec’s quotation was 3600 yuan / ton by the end of the month. Hydrogenated benzene followed the trend, the atmosphere was warm, downstream purchase on demand, but a deal. After that, with the bidding price of upstream crude benzol increased significantly, the cost pressure of hydrogenated benzene increased, and the support of downstream styrene to upstream was weakened, the pure benzene hydrobenzene market gradually returned to the dominant position of supply and demand changes. At the end of the month, the hydrobenzene market was mainly consolidated, the bidding price of crude benzene was reduced, and the industrial chain returned to a small adjustment trend.

In terms of downstream demand, at present, the main demand areas for hydrogenated benzene and pure benzene in East China and North China have more unit maintenance from late October to November. If the unit is shut down on time, the overall market demand is expected to weaken. However, at the end of the fourth quarter, some new production capacity will be put into production in North China. Affected by this positive effect, the mentality of market participants remains stable for a long time.

In terms of aftermarket, the business community believes that at present, the influence of fundamental factors is less, the market trend mainly follows the change of supply and demand in the nature of the market, and the hydrobenzene market will be mainly consolidated in the short term. In the fourth quarter, we still need to focus on the impact of new downstream capacity and crude oil price on the market.