From November 30 to December 4, 2020, the market price of crude benzol will rise again. The domestic ex factory price will be 2886.25 yuan / ton at the beginning of the week and 3046.25 yuan / ton at the weekend, with a weekly increase of 5.54%.

Summary of Sinopec’s pure benzene price adjustment in December 2020 (unit: yuan / ton)

Date, adjusted price, adjusted amount

December 2, 4300, + 100

December 4, 4400, + 100

In December 2020, Sinopec’s pure benzene price increased twice and decreased once, with a cumulative increase of 200 yuan / ton. As of the 30th, Sinopec’s refineries implemented a unified implementation of 4400 yuan / ton.

This week, the overall start-up of coking enterprises is still relatively high. After the eighth round of rising and landing of coke, the price of coke is temporarily high and stable. With the support of high profits of coking enterprises, enterprises are actively starting and selling well. Under the dual influence of environmental protection and de capacity in Shanxi, Shandong, Hebei, Henan and other regions, the operating rate in some areas has declined. This week, pure benzene continued to make efforts. The sharp rise in the external price of pure benzene in the United States led to a rise in the external price of pure benzene at the end of the last year. The domestic price of pure benzene rose in response to the call, and the price in East China was first raised. North China and other places followed up. Sinopec’s pure benzene price increased by 100 yuan / ton, and the price of 4400 yuan / ton was implemented as of December 4. In terms of operating rate, this week’s operating rate has declined slightly, with the comprehensive operating rate of about 72%. In terms of inventory, the inventory in East China this week decreased slightly compared with last week, and is currently maintained at about 250000 tons. The bidding price of crude benzol in the main production areas rose back this week, and the price in Shandong Province was adjusted back by 280 yuan / ton, and the implementation was about 3110 yuan / ton.

On the downstream side, the recent operating rate of hydrogenated benzene enterprises is stable at about 65%, which is on the rise as a whole. Some enterprises that shut down in the early stage started operation this month and have good demand for crude benzene.

In the future market, the business agency believes that the price support of pure benzene and crude oil is good, the port inventory is slightly reduced, and the external price of pure benzene is still high, which has certain support for the market. Market participants generally look forward to the future market, and the future market focuses on the price trend of pure benzene downstream products and the fluctuation of pure benzene external market.