Hydrogenated benzene follows the trend of pure benzene this week and its price rises sharply (February 1-5)

On February 4, the commodity index of hydrobenzene was 50.38, up 3.1 points from yesterday, down 50.61% from 102.01 (2014-01-09), the highest point in the cycle, and up 67.99% from 29.99, the lowest point on April 7, 2020. (Note: period refers to the period from December 1, 2013 to now).



This week (February 1-5), the market price of hydrobenzene in Shandong Province mainly fell, at 4075 yuan / ton at the beginning of the week and 5000 yuan / ton at the end of the week, up 925 yuan / ton.


On February 4, Sinopec’s listed price of pure benzene was increased by 150 yuan / ton compared with the previous day, and 5150 yuan / ton was implemented after the adjustment. Among them, Qilu Petrochemical Company implemented 4950 yuan / ton. It’s only five days since the last price adjustment on January 30, with a continuous rise of 350 yuan / ton within five days.


On January 28, the restart of the pure benzene unit of Sinochem failed, and its 480000 ton annual production unit will not be restarted until the end of February, one month later than the expected start-up time. The whole February has a certain impact on the market supply, and the downstream purchasers of CICC are mainly long-term contract customers concentrated in East China. In the East China market, due to the expected decrease in supply, the market transactions have surged, and some customers have increased the stock volume, resulting in a large increase in demand in a short period of time, and the market price in East China has been rising one after another. Shandong followed the East China market and began to increase sharply around Wednesday. As a substitute for pure benzene, the trend of hydrogenated benzene is basically consistent with that of pure benzene. Driven by the price of pure benzene and the improvement of purchasing enthusiasm in East China, the market of hydrogenated benzene has been rising all the way. Although Shandong rose late, it rose more this week.

The recent start-up of hydrobenzene unit is good, and some enterprises that reduced the load in the early stage started to improve this week. There are still some enterprises that stopped work last year and have not started work yet.


The business association thinks that the current pure benzene market has reached a high level in nearly a year, but this time, the price has increased by a large margin and the time is relatively concentrated, which has basically digested the increase after the festival in advance. When the stock returns to rational, the price will eventually return to a reasonable level.


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